If you are struggling to make your monthly SBA loan payments, you are not alone. Many business owners have turned to Protect Law Group for help. We are a team of experienced SBA loan attorneys who specialize in helping our clients resolve their SBA debt. In this blog post, we will be discussing four types of SBA debt resolution services that we offer. Keep reading to learn more and contact us today to get started with our SBA debt resolution services!
If you are being sued by the SBA, we can help. We will review your case and determine the best course of action. We may be able to get the lawsuit dismissed or settled for a fraction of what you owe.
We can help you modify your loan terms so that you can afford the monthly payments. We will work with your lender to try to get a lower interest rate, extended repayment term, or both.
If the SBA has placed a lien on your property, we can help you get it released. We will negotiate with the SBA to try to get the lien removed. Our team is experienced with SBA loans so contact us today to get help with a lien on your property!
If you are unable to afford the monthly payments on your SBA loan, we can negotiate a repayment plan with the SBA. We will work with you to try to get a lower monthly payment that you can afford.
If you are struggling to make your monthly SBA loan payments, contact Protect Law Group today. Whether you need help with loan modifications or repayment plan negotiations, we can help you resolve your SBA debt and get back on track. Book your consultation call today to get started!
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 7(a) loan default in the amount of $212,000 on behalf of an individual guarantor. The borrower’s business experienced a significant downturn in revenue and was unable to sustain operations, ultimately leading to closure and a remaining personal guaranty obligation.
After conducting a thorough financial review and preparing a comprehensive SBA Offer in Compromise (SBA OIC) submission, we negotiated directly with the SBA and lender to achieve a settlement of $50,000—approximately 24% of the outstanding balance. This favorable resolution released the guarantor from further personal liability and provided the opportunity to move forward free from the burden of enforced collection.
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.
.jpg)
