Are you a small business owner struggling with the weight of SBA loans? We understand the challenges you're facing and want you to know that there's a lifeline available: the SBA Debt Relief Program. At Protect Law Group, we're dedicated to being your best debt relief partner, providing small business debt relief and debt relief help that truly makes a difference. See what we can do for you by contacting us today!
The Small Business Administration's Debt Relief Program was designed to ease the financial burden on struggling entrepreneurs. If you're in a situation where bankruptcy seems inevitable, it's crucial to explore this option first. SBA Debt Relief works by covering a portion of your SBA loan payments, giving you room to breathe and regain financial stability.
Navigating the complexities of SBA loans and potential bankruptcy can be overwhelming. That's where Protect Law Group steps in. Our team of experienced professionals specializes in SBA Debt Relief, ensuring you get the best debt relief advice tailored to your unique situation. We're not just another firm; we're your advocates, your partners, and your path to a debt-free future.
Bankruptcy might feel like a dark lonely path, but with Protect Law Group by your side, you're never alone. Our commitment to providing the best debt relief solutions means we'll guide you through every step of the process. We've helped countless small business owners find their way back to financial stability through the SBA Debt Relief Program, and we're here to do the same for you.
The uncertainty that comes with SBA debt and the possibility of bankruptcy can be paralyzing. That's why we encourage you to take action today. Reach out to Protect Law Group, and let us be your beacon of hope. Our team's expertise in SBA Debt Relief ensures that the moment you call us, you're taking a step toward a brighter financial future.
The journey to small business debt relief and overcoming the challenges of SBA loans begins with understanding your options. The SBA Debt Relief Program is a powerful tool that can save your business from bankruptcy. Protect Law Group is your trusted partner, providing expert debt relief help and support to guide you through the process. Don't wait — call us today, and let's work together towards a debt-free tomorrow.
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 obtained an SBA 7(a) loan for their small business in the amount of $298,000. They pledged their primary residence and personal guarantees as direct collateral for the loan. The business failed, the lender was paid the 7(a) guaranty money and the debt was assigned to the SBA. Clients received the Official 60-Day Notice giving them a couple of options to resolve the debt balance directly with the SBA before referral to Treasury's Bureau of Fiscal Service. The risk of referral to Treasury would add nearly $95,000 to the SBA principal loan balance. With the default interest rate at 7.5%, the amount of money to pay toward interest was projected at $198,600. Clients hired the Firm with only 4 days left to respond to the 60-Day due process notice. Because the clients were not eligible for an Offer in Compromise (OIC) due to the significant equity in their home and the SBA lien encumbering it, the Firm Attorneys proposed a Structured Workout to resolve the SBA debt. After back and forth negotiations, the SBA Loan Specialist assigned to the case approved the Workout terms which prevented potential foreclosure of their home, but also saved the clients approximately $294,000 over the agreed-upon Workout term with a waiver of all contractual and statutory administrative fees, collection costs, penalties, and interest.
Client personally guaranteed SBA 7(a) loan balance of $58,000. The client received a notice of Intent to initiate Administrative Wage Garnishment (AWG) Proceedings. We represented the client at the hearing and successfully defeated the AWG Order based on several legal and equitable grounds.
Client received the SBA's Official 60-Day Notice for a loan that was obtained by her small business in 2001. The SBA loan went into default in 2004 but after hearing nothing from the SBA lender or the SBA for 20 years, out of the blue, she received the SBA's collection due process notice which provided her with only one of four options: (1) repay the entire accelerated balance immediately; (2) negotiate a repayment arrangement; (3) challenge the legal enforceability of the debt with evidence; or (4) request an OHA hearing before a U.S. Administrative Law Judge.
Client hired the Firm to represent her with only 13 days left before the expiration deadline to respond to the SBA's Official 60-Day Notice. The Firm attorneys immediately researched the SBA's Official loan database to obtain information regarding the 7(a) loan. Thereafter, the Firm attorneys conducted legal research and asserted certain affirmative defenses challenging the legal enforceability of the debt. A written response was timely filed to the 60-Day Notice with the SBA subsequently agreeing with the client's affirmative defenses and legal arguments. As a result, the SBA rendered a decision immediately terminating collection of the debt against the client's alleged personal guarantee liability saving her $50,000.
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