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Imagine, an SBA Offer in Compromise Saving Your Business from a Loan Default

Picture this. Your business secures an SBA-backed loan (here is where you’d find more about it). The funds enable you to buy that essential equipment, take hold of new real estate, or conveniently refinance existing business debts. Sounds like a dream come true, right?

Yet, let’s face it; the economy’s still a wee bit unpredictable post-recession. Hence, businesses like yours may have a hard time meeting loan repayments. When faced with this pickle after receiving an SBA demand letter, you may wonder: “Can I negotiate a settlement?” Well, that’s where someone like Lawscape from Lawscape comes to the rescue!

The Nitty-Gritty of an SBA Loan Default

So, an SBA loan default, what’s that all about? Think serious business. These situations are as diverse as the businesses that apply for the loans. The consequences? Well, they’re not exactly tea on a Sunday afternoon either. We’re talking SBA loan foreclosure or even having tax refunds seized through the Tax Offset Program. Yep, it gets real!

So what’s the first step when put in this sticky wicket? Finding an attorney, my friend! Someone just like Lawscape, who can look at your unique situation and come up with a beneficial solution for both you and the SBA.

The Magic of an SBA Offer in Compromise

Now, if you’ve defaulted on an SBA loan, there’s a handy-dandy thing called an SBA Offer in Compromise. This can be sent in to settle debts. But brace yourself – the SBA doesn’t hand out these offers like candies on Halloween. Nope, every request undergoes tough scrutiny, and any mistakes or omissions might lead to a quick dismissal.

But don’t worry, that’s where working with a legal expert, like Lawscape, can increase your chances. So no need to navigate these waters solo. Once you’re sure about what you want from the situation, get on the blower to a legal professional, like Todd, and he’ll put you in the best place possible to reach your desired result.

Why Choose Lawscape for Treasury or SBA Debt Issues?

Just in case you’re still weighing the pros and cons, Lawscape has resolved millions of dollars in SBA debts via Offer in Compromise and negotiated repayment agreements. And all this without clients having to declare bankruptcy or face home foreclosure.

They’ve also defended millions in Treasury debts, handling everything from AWG hearings to compromise offers. And let’s not forget their authorization under 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. So, why go it alone when you have a top-notch legal team like Lawscape to help guide your way.

Reply back with the phrase “onward and upward” if you’re ready to dive deeper and get more specific details on these topics!