Learn how Protect Law Group's SBA Attorneys in San Diego, Orange, and Los Angeles Counties can assist your small business in achieving loan forgiveness. Contact us!
Book a Consultation CallAre you a small business owner in need of assistance with SBA loan forgiveness? Look no further than Protect Law Group, serving San Diego, Orange, and Los Angeles Counties in California. Our team of SBA attorneys and Federal Agency Practitioners is well-versed in six core disciplines essential for resolving SBA loan challenges. Let us guide you through the complexities of SBA debt settlement and help you achieve financial peace of mind.
Small business loan forgiveness is a process designed to help struggling businesses alleviate debt burdens and regain financial stability. By working with experienced professionals like Protect Law Group, small businesses can explore various avenues, such as deferment, negotiation, and SBA Offer in Compromise, to achieve loan forgiveness and propel their business toward a brighter future.
During tough times, exploring deferment strategies can provide your small business with temporary financial relief. At Protect Law Group, our experienced professionals can assist you in navigating the deferment process, giving you the opportunity to regroup and plan for sustainable financial solutions.
Understand the factors crucial in the approval of an SBA Offer in Compromise (OIC) with the expertise of Protect Law Group. Initiating SBA loan forgiveness with a tailored OIC requires careful consideration and strategic planning. Contact us today to explore your options for debt relief through an OIC.
The intricate nature of SBA forgiveness necessitates the guidance of seasoned SBA loan attorneys. Protect Law Group's legal experts possess comprehensive knowledge of the SBA program, enabling them to develop personalized strategies for negotiating and settling your SBA debt. Partner with us to safeguard your rights and assets during this critical process.
Obtaining approval for an SBA Offer in Compromise demands a thorough financial assessment and a well-crafted approach. By demonstrating economic hardship, calculating a fair offer amount, and seeking professional representation, small businesses can enhance their prospects for debt settlement. Allow Protect Law Group to support you in working towards SBA loan forgiveness today.
Embark on the journey to SBA debt relief with the SBA attorneys at Protect Law Group by your side. Our specialized expertise in SBA loan forgiveness can help your small business overcome financial hurdles and secure a stable future. Contact us now to take the first step towards achieving loan forgiveness and regain control of your financial well-being.
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.
Small business sole proprietor obtained an SBA COVID-EIDL loan for $500,000. Client defaulted causing SBA to charge-off the loan, accelerate the balance and refer the debt to Treasury's Bureau of Fiscal Service for aggressive collection. Treasury added $180,000 in collection fees totaling $680,000+. Client tried to negotiate with Treasury but was only offered a 3-year or 10-year repayment plan. Client hired the Firm to represent before the SBA, Treasury and a Private Collection Agency. After securing government records through discovery and reviewing them, we filed an Appeals Petition with the SBA Office of Hearings & Appeals (OHA) court challenging the SBA's referral of the debt to Treasury citing a host of purported violations. The Firm was able to negotiate a reinstatement and recall of the loan back to the SBA, participation in the Hardship Accommodation Plan, termination of Treasury's enforced collection and removal of the statutory collection fees.
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.
Clients personally guaranteed SBA 504 loan balance of $750,000. Clients also pledged the business’s equipment/inventory and their home as additional collateral. Clients had agreed to a voluntary sale of their home to pay down the balance. We intervened and rejected the proposed home sale. Instead, we negotiated an acceptable term repayment agreement and release of lien on the home.
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