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Can The SBA Garnish Social Security?

Yes, the SBA through the Department of Treasury can garnish your Social Security.  But you do have options to stop the garnishment. SBA Social Security Garnishment The SBA Offset If you have defaulted on an SBA loan and you are a personal guarantor, the SBA, through the Department of Treasury, can garnish your Social Security…

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Is There A Way to Get Out of An SBA Loan?

Whether you have defaulted on an SBA loan or have moved on from your business partners but still remain liable for an SBA loan, options exist for eliminating your debt. Your Liability for an SBA Loan If your business obtained an SBA loan, you more than likely signed a personal guarantee.  This personal guarantee states…

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For Your Business: Should You Consider Small Loans from the SBA?

Financial troubles often arise in small businesses, but the SBA may be able to help. Should you consider small loans? We’ll clarify here. Small Loans One-quarter of all small business owners are unable to access the funding they need to keep their companies afloat. For such entrepreneurs, this is akin to a death sentence for their…

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Signs It Is Time for Your Business to Consider SBA Lending

Is your company growing faster than you can financially keep up with? It might be time to consider SBA lending. Check out these signs it’s time to get the loan. 20% of small businesses in America fail in their first year. A critical contributor to this failure is the lack of adequate funding for operations.…

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Commentary on the Government Shutdown: Seize the opportunity to settle your SBA or Treasury’s Bureau of Fiscal Service Debt

The government shutdown began December 22, 2018 after Trump and congressional Democrats could not agree on funding for the president’s long-sought southern border wall.  Trump and Democrats have remained at a stalemate with no discernible progress in sight. https://sba-attorneys.com/wp-content/uploads/2019/01/commentary-on-the-government-shutdown-seize-the-opportunity-to-settle-your-sba-or-treasurys-bureau-of-fiscal-service-debt.mp4 The president told Democrats he was willing to have the government shut down for “years” over his…

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