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SBA Relief Efforts for Small Businesses Affected by Coronavirus Pandemic

SBA Help for Coronavirus Outbreak:  SBA Programs Available for Small Businesses as Domino Effect Begins to Unfold within the Next 4-8 Weeks Unfortunately, the Coronavirus (aka COVID-19) has breached our borders so prevention is no longer a viable remedy. Travel blockades and restrictions will not be effective.  Now that the virus is in the U.S.,…

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How to Avoid Defaulting on Your SBA Loan Payment

The U.S. Small Business Association supports businesses with the SBA loan program. The loans don’t come from the SBA directly. They help lending partners reduce their risk, which makes it easier for small businesses to get loans. It’s a way to get the capital you need to start or grow your business. But what happens…

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What Is SBA Loan Forgiveness and How Does It Work?

COVID-19 and CARES Act Update: The CARES Act was passed by Congress and signed by the president.  Part of the CARES Act included what is known as the Paycheck Protection Program (“PPP”).  PPP loans are 100% federally guaranteed loans for small businesses intended for companies to maintain their payroll levels and allow partial loan forgiveness. …

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7 Essential Tips for Finding the Best SBA Protection Law Group

Finding the right SBA attorney can be a difficult task. Click here to learn some essential tips for finding the right SBA protection law group. Finding the Best SBA Protection Law Group One of the biggest nightmares a small business owner can come to face is defaulting on the SBA loan. Unfortunately, because nearly 50…

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SBA Wage Garnishment: What Can You Do About It?

If you default on your SBA loan, there are a number of ways it can be collected. We take a look at wage garnishment and what you can do about it. Administrative Wage Garnishment The United States Small Business Administration does a lot of work to help entrepreneurs get their dream businesses off the ground.…

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What are SBA 504/CDC Loans and What Happens If I Default?

CDC loans bolster your business’s usable capital but with restrictions. Keep reading to discover what SBA 504 loans are and the best candidates to receive them and what strategies are available if you default. Small business ownership is a dream of many people. What stops a lot of potential entrepreneurs from starting a business is the…

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How Much of My Paycheck Can the Government Garnish?

The federal government can garnish up to 15% of your paycheck. The administrative wage garnishment process allows the government to take a portion of your paycheck without first obtaining a civil court judgment.  As such, the SBA or other creditor agency must give your notice thirty days in advance and an opportunity to request a…

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What Are Sba 7a Loans and What Are the Eligibility Requirements?

SBA 7a loans are a great way to finance an organization and with nine types, options are great for businesses. Learn about the different types and eligibility. SBA 7a Loan SBA 7a loans for your business can make the difference between keeping your business afloat or losing it. SBA7a loans were created for that reason.…

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Can you stop an administrative wage garnishment once it starts?

Yes, you may be able to stop an administrative wage garnishment once it starts. Stop Administrative Wage Garnishment   How Does An Administrative Wage Garnishment Start? The Treasury will send you a notice of its intent to order an administrative wage garnishment.  Thereafter, you can request a hearing.  The hearing is usually a “paper hearing”. …

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