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.
Clients personally guaranteed an SBA 504 loan balance of $337,000. The Third Party Lender had obtained a Judgment against the clients. We represented clients before the SBA and negotiated an SBA OIC that was accepted for $30,000.
Our firm successfully negotiated an SBA offer in compromise (SBA OIC), settling a $974,535.93 SBA loan balance for just $18,000. The offerors, personal guarantors on an SBA 7(a) loan, originally obtained financing to purchase a commercial building in Lancaster, California.
The borrower filed for bankruptcy, and the third-party lender (TPL) foreclosed on the property. Despite the loan default, the SBA pursued the offerors for repayment. Given their limited income, lack of significant assets, and approaching retirement, we presented a strong case demonstrating their financial hardship.
Through strategic negotiations, we secured a favorable SBA settlement, reducing the nearly $1 million debt to a fraction of the amount owed. This outcome allowed the offerors to resolve their liability without prolonged financial strain.
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