What Happens If a PPP Loan is Not Forgiven?
If your application for PPP loan forgiveness is denied by the SBA you have appeal rights. Learn more about how to assert your rights to an appeal.
Contact Our SBA Attorneys for Nationwide Representation of SBA and Treasury Debt Problems
Book a Consultation CallAre you facing uncertainties after receiving an SBA 60-Day Official Notice? Unsure of your next steps regarding your SBA loan default situation? Protect Law Group offers expert legal representation for small business owners, personal guarantors, and federal debtors dealing with SBA investigations and discoveries. Our specialized SBA loan lawyers in San Diego, Orange, and Los Angeles, California, can assist you through this challenging process.
Navigating an SBA investigation can be daunting, as the SBA can add administrative fees and costs if not responded to promptly. Our SBA attorneys excel in unraveling the complexities of SBA discovery, ensuring you understand your options and rights. Let us guide you through the administrative discovery process and review crucial records to develop strategic defense strategies.
When the federal government acts as your creditor, asserting your legal defenses becomes crucial. Our SBA attorneys delve deep into the details of your case, identifying potential defenses and avenues for resolution. Trust Protect Law Group to provide comprehensive legal insights into the available documentary evidence and help you make informed decisions moving forward.
If you have received a 60-day Official Notice for an SBA loan default, it is crucial to seek legal advice. Dealing with SBA demands can be complex and stressful for a small business owner. A lawyer can assist you with the entire process of SBA loan default issues, from submitting offers of compromise to negotiating with lenders, to bankruptcy filings. Their expertise and experience in this field will help you not only manage the paperwork but also protect your rights as a business owner.
Before considering drastic measures like bankruptcy, explore alternative pathways with Protect Law Group. Our SBA attorneys can evaluate your SBA debt thoroughly, shedding light on potential solutions that align with your financial goals. Take the proactive step towards resolving your SBA debt issues effectively and efficiently.
The time to address your SBA investigation and discovery is now. Contact our loan lawyers at Protect Law Group for a detailed Case Evaluation today and entrust our experienced SBA attorneys to safeguard your best interests.
Navigating an SBA investigation can be daunting, as the SBA can add administrative fees and costs if not responded to promptly. Our SBA attorneys excel in unraveling the complexities of SBA discovery, ensuring you understand your options and rights. Let us guide you through the administrative discovery process and review crucial records to develop strategic defense strategies.
When the federal government acts as your creditor, asserting your legal defenses becomes crucial. Our SBA attorneys delve deep into the details of your case, identifying potential defenses and avenues for resolution. Trust Protect Law Group to provide comprehensive legal insights into the available documentary evidence and help you make informed decisions moving forward.
If you have received a 60-day Official Notice for an SBA loan default, it is crucial to seek legal advice. Dealing with SBA demands can be complex and stressful for a small business owner. A lawyer can assist you with the entire process of SBA loan default issues, from submitting offers of compromise to negotiating with lenders, to bankruptcy filings. Their expertise and experience in this field will help you not only manage the paperwork but also protect your rights as a business owner.
Before considering drastic measures like bankruptcy, explore alternative pathways with Protect Law Group. Our SBA attorneys can evaluate your SBA debt thoroughly, shedding light on potential solutions that align with your financial goals. Take the proactive step towards resolving your SBA debt issues effectively and efficiently.
The time to address your SBA investigation and discovery is now. Contact our loan lawyers at Protect Law Group for a detailed Case Evaluation today and entrust our experienced SBA attorneys to safeguard your best interests.
Our firm successfully negotiated an SBA offer in compromise (SBA OIC), settling a $974,535.93 SBA loan balance for just $18,000. The offerors, personal guarantors on an SBA 7(a) loan, originally obtained financing to purchase a commercial building in Lancaster, California.
The borrower filed for bankruptcy, and the third-party lender (TPL) foreclosed on the property. Despite the loan default, the SBA pursued the offerors for repayment. Given their limited income, lack of significant assets, and approaching retirement, we presented a strong case demonstrating their financial hardship.
Through strategic negotiations, we secured a favorable SBA settlement, reducing the nearly $1 million debt to a fraction of the amount owed. This outcome allowed the offerors to resolve their liability without prolonged financial strain.
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.
Our firm successfully resolved an SBA COVID-19 Economic Injury Disaster Loan (EIDL) in the original amount of $150,000 for a Florida-based borrower. The loan, issued on June 4, 2020, was secured by business assets and potential personal liability through the SBA's Security Agreement.
Following the permanent closure of the business, we guided the client through the SBA’s Business Closure Review process and prepared a comprehensive collateral analysis. We negotiated directly with the SBA, obtaining a full release of the business collateral for $2,910 — satisfying the borrower’s obligations under the Security Agreement and eliminating any further enforcement risk against the pledged assets.
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