SBA Short Sales
SBA short sales occur when the property securing an SBA loan is sold for less than the loan amount.
Contact Our SBA Attorneys for Nationwide Representation of SBA and Treasury Debt Problems
Book a Consultation CallAt Protect Law Group, we provide expert legal services to address your SBA and Treasury debt issues. Our experienced SBA attorneys are dedicated to providing nationwide representation, When it comes to navigating the complexities of SBA loans and debt, our attorneys are well-equipped to provide the necessary legal assistance. Contact our SBA attorneys today to ensure the protection and success of your business. Trust in Protect Law Group for all your SBA legal needs.
You should not have to struggle to settle SBA debt on your own. Instead, turn to one of our SBA Attorneys who specializes in SBA cases. We are dedicated to helping you settle SBA loan default.
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At Protect Law Group, our main focus is to settle SBA debt by minimizing the damage to your business or personal asset base stemming from your SBA loan problems. We accomplish this by carefully employing a host of strategies from deferment, SBA Offer in Compromise (SBA OIC), Structured Workout, administrative litigation, negotiations, and SBA Office of Hearings & Appeals litigation. For our cases, the ultimate goal is to negotiate and settle SBA debt. Our team offers many SBA services and provides concrete solutions to our clients.
Our Federal Agency Practitioners and SBA Attorneys are well educated and trained in the 6 core disciplines we believe is necessary to resolve SBA loan problems. The 6 core disciplines encompass:
More importantly, our firm’s SBA attorneys are legally authorized under the Agency Practice Act (5 U.S. Code Section 500 et seq.) to represent federal debtors before the U.S. Small Business Administration, the U.S. Department of Treasury, and the Bureau of Fiscal Service.
Most companies advertising their SBA loan default resolution services on the internet, cable TV or radio use non-attorney sales agents to conduct the initial case evaluation and try to “sell” you on services that do not help resolve your problems.
These non-attorney sales agents have almost little to zero training in any of the 6 core disciplines and are not able to handle your case within the federal agency legal framework because they can’t. Otherwise, if they try to use legal theories and represent you before the SBA or Treasury's Bureau of Fiscal Service (BFS), they are arguably engaging in the unauthorized practice of law (UPL) by violating federal law, namely, the Agency Practice Act.
Our SBA attorneys handle all initial case evaluations, diagnose your case issues, educate you on your options, and help implement an effective plan designed to resolve your SBA loan problems and attempt to minimize the financial damage to your business or personal asset base.
Our consistent track record of uncompromising ethics instills confidence and trust. We use cutting-edge technologies that allow us to respond and give you the most relevant information and perspectives on your case in a cost-effective manner.
We strive to represent you effectively and advise you on what’s the best possible solution to your SBA loan default problem and resolve your SBA debt. We are dedicated to achieving the best possible outcome for every client who hires us – no matter how big or small. Reach out to us today to discuss our SBA services.
At Protect Law Group, our main focus is to settle SBA debt by minimizing the damage to your business or personal asset base stemming from your SBA loan problems. We accomplish this by carefully employing a host of strategies from deferment, SBA Offer in Compromise (SBA OIC), Structured Workout, administrative litigation, negotiations, and SBA Office of Hearings & Appeals litigation. For our cases, the ultimate goal is to negotiate and settle SBA debt. Our team offers many SBA services and provides concrete solutions to our clients.
Our Federal Agency Practitioners and SBA Attorneys are well educated and trained in the 6 core disciplines we believe is necessary to resolve SBA loan problems. The 6 core disciplines encompass:
More importantly, our firm’s SBA attorneys are legally authorized under the Agency Practice Act (5 U.S. Code Section 500 et seq.) to represent federal debtors before the U.S. Small Business Administration, the U.S. Department of Treasury, and the Bureau of Fiscal Service.
Most companies advertising their SBA loan default resolution services on the internet, cable TV or radio use non-attorney sales agents to conduct the initial case evaluation and try to “sell” you on services that do not help resolve your problems.
These non-attorney sales agents have almost little to zero training in any of the 6 core disciplines and are not able to handle your case within the federal agency legal framework because they can’t. Otherwise, if they try to use legal theories and represent you before the SBA or Treasury's Bureau of Fiscal Service (BFS), they are arguably engaging in the unauthorized practice of law (UPL) by violating federal law, namely, the Agency Practice Act.
Our SBA attorneys handle all initial case evaluations, diagnose your case issues, educate you on your options, and help implement an effective plan designed to resolve your SBA loan problems and attempt to minimize the financial damage to your business or personal asset base.
Our consistent track record of uncompromising ethics instills confidence and trust. We use cutting-edge technologies that allow us to respond and give you the most relevant information and perspectives on your case in a cost-effective manner.
We strive to represent you effectively and advise you on what’s the best possible solution to your SBA loan default problem and resolve your SBA debt. We are dedicated to achieving the best possible outcome for every client who hires us – no matter how big or small. Reach out to us today to discuss our SBA services.
Clients executed personal and corporate guarantees for an SBA 7(a) loan from a Preferred Lender Provider (PLP). The borrower corporation defaulted on the loan exposing all collateral pledged by the Clients. The SBA subsequently acquired the loan balance from the PLP, including the right to collect against all guarantors. The SBA sent the Official Pre-Referral Notice to the guarantors giving them sixty (60) days to either pay the outstanding balance in full, negotiate a Repayment (Offer in Compromise (OIC) or Structured Workout (SW)), challenge their alleged guarantor liability or file a Request for Hearing (Appeals Petition) with the SBA Office of Hearings & Appeals.
Because the Clients were not financially eligible for an OIC, they opted for Structured Workout negotiations directly with the SBA before the debt was transferred to the Bureau of Fiscal Service, a division of the U.S. Department of Treasury for enforced collection.
The Firm was hired to negotiate a global Workout Agreement directly with the SBA to resolve the personal and corporate guarantees. After submitting the Structured Workout proposal, the assigned SBA Loan Specialist approved the requested terms in under ten (10) days without any lengthy back and forth negotiations.
The favorable terms of the Workout included an extended maturity at an affordable principal amount, along with a significantly reduced interest rate saving the Clients approximately $181,000 in administrative fees, penalties and interest (contract interest rate and Current Value of Funds Rate (CVFR)) as authorized by 31 U.S.C. § 3717(e) had the SBA loan been transferred to BFS.
Clients obtained an SBA 7(a) loan for their small business in the amount of $298,000. They pledged their primary residence and personal guarantees as direct collateral for the loan. The business failed, the lender was paid the 7(a) guaranty money and the debt was assigned to the SBA. Clients received the Official 60-Day Notice giving them a couple of options to resolve the debt balance directly with the SBA before referral to Treasury's Bureau of Fiscal Service. The risk of referral to Treasury would add nearly $95,000 to the SBA principal loan balance. With the default interest rate at 7.5%, the amount of money to pay toward interest was projected at $198,600. Clients hired the Firm with only 4 days left to respond to the 60-Day due process notice. Because the clients were not eligible for an Offer in Compromise (OIC) due to the significant equity in their home and the SBA lien encumbering it, the Firm Attorneys proposed a Structured Workout to resolve the SBA debt. After back and forth negotiations, the SBA Loan Specialist assigned to the case approved the Workout terms which prevented potential foreclosure of their home, but also saved the clients approximately $294,000 over the agreed-upon Workout term with a waiver of all contractual and statutory administrative fees, collection costs, penalties, and interest.
Client personally guaranteed SBA 7(a) loan balance of over $150,000. Business failed and eventually shut down. SBA then pursued client for the balance. We intervened and was able to present an SBA OIC that was accepted for $30,000.
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