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What Is A Forbearance Agreement?

A forbearance agreement with your SBA lender can provide you with the time you need to get your business back on track.  Read on to learn more about forbearance agreements. How Does a Forbearance Agreement Work? As of October, the SBA has stopped paying for your SBA business loan.  Nevertheless, due to the Covid crisis…

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SBA Loan Requirements: Complete List for Eligibility

How do you fund a startup in the middle of a global pandemic? With a loan from the Small Business Administration, also known as the SBA! Funding your scrappy start-up is no walk in park, even in normal times. Luckily, the SBA can help get your dream off the ground. If you are wondering about…

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Case Evaluations: How to Maximize Your SBA Lawyer Consultation

Entrepreneurs earn handsome rewards by taking risks. However, those risks don’t always result in success. When this happens, what do you do when you still owe on an SBA-backed loan? If you’re like most business hopefuls, you most likely spent a great amount of time thinking about how your business will succeed. Most entrepreneurs don’t…

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5 Factors to Consider in an SBA Offer in Compromise

Around 20,000 to 25,000 businesses file for bankruptcy annually. But bankruptcy can take a toll on your business and your finances. If you have an SBA loan that you can’t pay, you can apply for an Offer in Compromise to get the financial relief you need. Keep reading to learn what to consider before you…

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Failed SBA PPP & EIDL Loans: What to do?

FAILED SMALL BUSINESSES & LIABILITY FOR SBA PPP LOANS While the U.S. transitions from summer to fall in the wake of the Presidential Election on November 3, 2020 against the backdrop of surging COVID-19 cases, it is very possible that a good chunk of small businesses will eventually close their doors despite having received federal…

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How to Fill Out a Personal Financial Statement in 8 Simple Steps

Wondering how to fill out a personal financial statement? When you’re filling out this document, it’s crucial to understand how to do it correctly. Filling out the document correctly can keep you from having to go back and do it again. In this article, we will give you a step-by-step guide to filling it out.…

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