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.
Clients' 7(a) loan was referred to Treasury's Bureau of Fiscal Service for enforced collection in 2015. They not only personally guaranteed the loan, but also pledged their primary residence as additional collateral. One of the clients filed for Chapter 7 bankruptcy thinking that it would discharge the SBA 7(a) lien encumbering their home. They later discovered that they were mistakenly advised. The Firm was subsequently hired to review their case and defend against a series of collection actions. Eventually, we were able to negotiate a structured workout for $180,000 directly with the SBA, saving them approximately $250,000 (by reducing the default interest rate and removing Treasury's substantial collection fees) and from possible foreclosure.
Client personally guaranteed SBA 7(a) loan for $150,000. COVID-19 caused the business to fail, and the loan went into default with a balance of $133,000. Client initially hired a non-attorney consultant to negotiate an OIC. The SBA summarily rejected the ineligible OIC and the debt was referred to Treasury’sBureau of Fiscal Service for enforced collection in the debt amount of $195,000. We were hired to intervene and initiated discovery for SBA and Fiscal Service records. We were able to recall the case from Fiscal Service back to the SBA. We then negotiated a structured workout with favorable terms that saves the client approximately $198,000 over the agreed-upon workout term by waiving contractual and statutory administrative fees, collection costs, penalties, and interest.
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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