Protect Law Group, a team of SBA attorneys, serves clients throughout the United States specializing in debt relief for SBA loans. When it comes to finding top-quality debt relief for your small business, you want a team that’s experienced in the nuances of SBA loans. See what sets Protect Law Group apart from other firms in the industry and contact us to get started today!
One of the key factors that make Protect Law Group different from other firms is our strong track record of success. Over the years, our SBA attorneys have helped countless individuals and small businesses overcome their SBA loan issues, negotiate with the SBA, and settle debts. With our experienced attorneys, Protect Law Group has become a go-to firm for any small business looking for SBA loan default problems or debt recovery solutions.
Another factor that sets Protect Law Group apart is our ability to resolve millions of dollars in debt for our clients. We work closely with the SBA and lenders to negotiate settlements and payment plans that are manageable for our clients. This not only helps small businesses get out of debt but also helps to improve their business!
During this evaluation, our team will review your SBA loan situation and offer paths of potential resolution. We believe that this helps clients understand their options and make informed decisions about how to proceed. Additionally, this consultation ensures that clients have a clear understanding of what to expect from the firm before engaging in our services.
Protect Law Group has a team of experienced SBA attorneys that work closely with our clients to help them overcome their SBA loan default. Whether you need help with SBA loan negotiation, SBA debt relief, or other debt recovery solutions for your small business, Protect Law Group is a reliable and trustworthy choice. We proudly serve clients throughout the United States. Contact us today to schedule a consultation and take the first step toward a brighter financial future!
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.
Client personally guaranteed an SBA 7(a) loan to help with a relative’s new business venture. After the business failed, Treasury was able to secure a recurring Treasury Offset Program (TOP) levy against his monthly Social Security Benefits based on the claim that he owed over $1.2 million dollars. We initially submitted a Cross-Servicing Dispute, but then, prepared and filed an Appeals Petition with the SBA Office of Hearings and Appeals (SBA OHA). As a result of our efforts, we were able to convince the SBA to not only terminate the claimed debt of $1.2 million dollars against our client (without him having to file bankruptcy) but also refund the past recurring amounts that were offset from his Social Security Benefits in connection with the TOP levy.
Clients executed personal and corporate guarantees for an SBA 7(a) loan from a Preferred Lender Provider (PLP). The borrower corporation defaulted on the loan exposing all collateral pledged by the Clients. The SBA subsequently acquired the loan balance from the PLP, including the right to collect against all guarantors. The SBA sent the Official Pre-Referral Notice to the guarantors giving them sixty (60) days to either pay the outstanding balance in full, negotiate a Repayment (Offer in Compromise (OIC) or Structured Workout (SW)), challenge their alleged guarantor liability or file a Request for Hearing (Appeals Petition) with the SBA Office of Hearings & Appeals.
Because the Clients were not financially eligible for an OIC, they opted for Structured Workout negotiations directly with the SBA before the debt was transferred to the Bureau of Fiscal Service, a division of the U.S. Department of Treasury for enforced collection.
The Firm was hired to negotiate a global Workout Agreement directly with the SBA to resolve the personal and corporate guarantees. After submitting the Structured Workout proposal, the assigned SBA Loan Specialist approved the requested terms in under ten (10) days without any lengthy back and forth negotiations.
The favorable terms of the Workout included an extended maturity at an affordable principal amount, along with a significantly reduced interest rate saving the Clients approximately $181,000 in administrative fees, penalties and interest (contract interest rate and Current Value of Funds Rate (CVFR)) as authorized by 31 U.S.C. § 3717(e) had the SBA loan been transferred to BFS.
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.
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