If you Owe more than $30,000 contact us for a case evaluation at (833) 428-0937
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SBA Loan Default: Recent Study on Franchisees’ High and Rising Risk of SBA Loan Failure

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SBA Loan Default: Recent Study on Franchisees’ High and Rising Risk of SBA Loan Failure

We provide individuals who are facing an SBA loan default with solutions. We will analyze your SBA loan problems and advise you on potential solutions such as an SBA offer in compromise or defend you against an Administrative Wage Garnishment before the Bureau of Fiscal Service.

Dealing with the idea that you might be facing SBA loan problems, including an SBA loan default, can be terrifying. The SBA attorneys in our office are skilled at helping clients understand all the facets of their situation. We can advise you as to the potential for an SBA offer in compromise or defend you against an Administrative Wage Garnishment.

You should never face your SBA loan problems alone. It is important to retain the services of an attorney who can help you through this difficult time in your life. Please contact us for a free initial consultation.

This video highlights certain statistics concerning the high and increasing risk of failure rates associated with franchisees whose loans have been guaranteed by the SBA’s 7(A) Loan Program.

The independent study was based on a review of approximately 60,000 loan records covering a 20-year period by the Service Employees International Union (SEIU) whose websites can be found at www.SEIU.org and www.WeAreMainSt.org. The complete study, along with all of the statistics and figures mentioned throughout the video can be downloaded here for even further consumption and review.

https://www.sba-attorneys.com/wp-content/uploads/2015/12/SBA-7A-Loan-Failures_Franchisees.mp4

If you are facing an SBA loan default, contact us today for a FREE initial consultation with an experienced SBA workout attorney at 888-756-9969

We analyze your SBA loan problems and advise you on potential solutions such as an SBA offer in compromise for your SBA loan default.

https://www.sba-attorneys.com/wp-content/uploads/2015/12/SBA-7A-Loan-Failures_Franchisees.mp4

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Why Hire Us to Help You with Your Treasury or SBA Debt Problems?

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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

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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

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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.

$58,000 SBA 7A LOAN - AWG HEARING DEFENSE

$58,000 SBA 7A LOAN - AWG HEARING DEFENSE

Client personally guaranteed SBA 7(a) loan balance of $58,000.  Client received Notice of Intent to initiate Administrative Wage Garnishment (AWG) Proceedings.  We represented client at the Hearing and successfully defeated the AWG Order based on several legal and equitable grounds.

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

$220,000 SBA 7A LOAN -DOT WAIVER OF ADMINISTRATIVE FEES & COSTS

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.

$337,000 SBA 504 LOAN - SBA OIC CASH SETTLEMENT

$337,000 SBA 504 LOAN - SBA OIC CASH SETTLEMENT

Clients personally guaranteed 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.

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