.jpeg)
What Are Sba 7a Loans and What Are the Eligibility Requirements?
SBA 7a loans are a great way to finance an organization and options are great for businesses. Learn about the different types and eligibility.
Mark Cuban won a years-long fight with the federal government agency, SEC, Wednesday when jurors said that the billionaire basketball team owner did not commit insider-trading when he sold his shares in an Internet company in 2004.
Cuban hugged his lawyers after the verdict, then called family members. During an impromptu news conference outside the courthouse, he angrily denounced the Federal Government – most notably, the Securities & Exchange Commission (SEC) and its lead trial attorney, Jan Folena, saying that they lied about the evidence and targeted him because of his fame. He said that defendants of lesser wealth could have been bullied.
The “no bully” policy cannot be overstated when it comes to the Federal Government. They are intimidating, especially with their 3-letter acronym based agencies. Popular polls and studies indicate that these 3-letter government agencies notably strike “fear” and “stress” in people’s minds – picture this – what would you think if you got a certified letter from the IRS, or a phone call from the FBI, the DOJ, the SEC? So, for all of you federal non-tax debtors out there – what would your initial emotional reaction be if and when you receive an acceleration or demand letter from the SBA, or worse, a referral letter, a Treasury Offset Program (TOP) notice or Administrative Wage Garnishment (AWG) from the DOT (Department of Treasury) relating to an SBA debt? My guess . . .your heart rate would go up . . .
You should not have to struggle to settle SBA debt on your own. Instead, turn to one of our attorneys who specializes in SBA OIC claims. We are dedicated to helping you settle SBA loan default.
If you are struggling with circumstances that involve SBA loan default, you deserve professional help! Our SBA workout attorneys can help you win SBA OIC cases. If you contact us, we can help you resolve your SBA debt once and for all. After you schedule an appointment, you consult with a devoted SBA OIC lawyer who helps you through your administrative legal battle. After your claim's resolved, you won;t have to worry about your SBA loan default problem haunting you. Our team of SBA OIC lawyers has assisted many clients through the years. Now it is your turn! You truly can settle SBA debt for good! Call us now at 888-756-9969 or enter your contact information in our Form.
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 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.
Client personally guaranteed SBA 7(a) loan balance of over $150,000. Business failed and eventually shut down. SBA then pursued client for the balance. We intervened and was able to present an SBA OIC that was accepted for $30,000.
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.
.jpg)
