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.
Our firm successfully resolved an SBA COVID-19 Economic Injury Disaster Loan (EIDL) in the original amount of $150,000 for a Florida-based borrower. The loan, issued on June 4, 2020, was secured by business assets and potential personal liability through the SBA's Security Agreement.
Following the permanent closure of the business, we guided the client through the SBA’s Business Closure Review process and prepared a comprehensive collateral analysis. We negotiated directly with the SBA, obtaining a full release of the business collateral for $2,910 — satisfying the borrower’s obligations under the Security Agreement and eliminating any further enforcement risk against the pledged assets.
Clients executed several trust deeds pledging seven (7) real estate properties and unconditional personal guarantees for an SBA 7(a) loan from the participating lender. The clients' small business failed and eventually defaulted on repayment of the loan exposing all collateral pledged by the clients. The SBA subsequently acquired the loan balance from the lender, including the right to liquidate and collect all pledged collateral pursuant to the trust deed instruments.
The Firm was hired to negotiate separate release of lien proposals for all 7 real estate properties. In preparation for the work assignment, the Firm Attorneys initiated discovery to secure records from the SBA and Treasury's Bureau of Fiscal Service. After reviewing the records and understanding the interplay between the lender and the SBA, the attorneys then prepared, submitted and negotiated the release of lien (ROL) for each of the 7 real estate properties for consideration.
After submitting the proposals, the assigned SBA Loan Specialists approved each ROL package - significantly reducing the total SBA debt claimed.
Our firm successfully resolved an SBA COVID-19 Economic Injury Disaster Loan (EIDL) default in the amount of $150,000 on behalf of Illinois-based client. After the business permanently closed due to the economic impacts of the pandemic, the owners faced potential personal liability if the business collateral was not liquidated properly under the SBA Security Agreement.
We guided the client through the SBA’s Business Closure Review process, prepared a comprehensive financial submission, and negotiated directly with the SBA to release the collateral securing the loan. The borrower satisfied their collateral obligations with a payment of $2,075, resolving the SBA’s security interest.
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