At Protect Law Group, we want to help you find solutions with SBA debt you need and deserve. With years of experience, our team can help you from start to finish, and we offer a variety of services to suit our client's needs. This blog explores four reasons to choose us, and we encourage you to read below to learn more about how we can help you with SBA debt. Contact us today!
Educated Attorneys
Our attorneys are well-versed in their fields, and we have the knowledge and expertise to guide you along the way and represent you effectively. If you need to resolve your SBA debt, don’t hesitate to reach out to us today!
Our Disciplines
At Protect Law Group, we abide by six core principles that we believe can help resolve your SBA loan problems, including:
Customer Experience
We care about our customers first and foremost and when you work with us, we treat you like family. We want your experience with us to exceed your expectations, which is why our attorneys go the extra mile to ensure you are taken care of.
Contact Us!
If you need an SBA debt resolution attorney, contact us today! We are happy for you to book a consultation call with us at your convenience, and we are eager to see how we can best serve your needs. If you have any questions or concerns, our customer service team is more than willing to lend a helping hand.
At Protect Law Group, we understand the importance of handling SBA loan problems as efficiently as possible, and you can trust our team to help you resolve your SBA debt. Contact us today, and you won’t be disappointed!
Millions of Dollars in SBA Debts Resolved via Offer in Compromise and Negotiated Repayment Agreements without our Clients filing for Bankruptcy or Facing Home Foreclosure
Millions of Dollars in Treasury Debts Defended Against via AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements
Our Attorneys are Authorized by the Agency Practice Act to Represent Federal Debtors Nationwide before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.
Our firm successfully facilitated the SBA settlement of a COVID-19 Economic Injury Disaster Loan (EIDL) where borrower received an SBA disaster loan of $150,000, but due to the severe economic impact of the COVID-19 pandemic, the business was unable to recover.
Despite the borrower’s efforts to maintain operations, shutdowns and restrictions significantly reduced the customer base and revenue, making continued operations unsustainable. After a thorough business closure review, we negotiated with the SBA, securing a resolution where the borrower paid only $6,015 to release the collateral, with no further financial liability for the owner/officer.
This case demonstrates how businesses affected by the pandemic can navigate SBA loan settlements effectively. If your business is struggling with an SBA EIDL loan, we specialize in SBA Offer in Compromise (SBA OIC) solutions to help close outstanding debts while minimizing financial burden.
Clients personally guaranteed an SBA 7(a) loan that was referred to the Department of Treasury for collection. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs.
The clients are personally guaranteed an SBA 7(a) loan. The SBA referred the debt to the Department of Treasury, which was seeking payment of $487,981 from our clients. We initially filed a Cross-Servicing Dispute, which was denied. As a result, we filed an Appeals Petition with the SBA Office of Hearings and Appeals asserting legal defenses and supporting evidence uncovered during the discovery and investigation phase of our services. Ultimately, the SBA settled the debt for $25,000 - saving our clients approximately $462,981.
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