HomeCan’t Pay Your SBA Loan? Here’s How To Qualify For An SBA Loan Deferment

Can’t Pay Your SBA Loan? Here’s How To Qualify For An SBA Loan Deferment

We Reduce Business Debt

Lawscape is dedicated to helping business owners successfully resolve their business debt without headaches, or long term consequences.

We Provide Nationwide Business Debt Relief

Lawscape provides nationwide business debt relief services. We work a wide array of lenders, service providers, and types of business debt. We are able to restructure and reduce, all types of secured and unsecured business debt. 

Millions of Dollars in Debts

Our team has experience handling 10’s of millions in debt, ranging from SBA debt, to Merchant Cash Advance and more. 

All Types Of Debt

Regardless of the type of business debt you have, we can help. We have experience handling all types of secured and unsecured business debt. 


Our company is led by experienced business debt relief experts who have experience handling secured and unsecured debt nationwide. 

Failing To Repay Business Debt Isn’t The End

Many business owners think failing to repay business debt means: your business is over.

This simply isn’t true. Business debt is a problem which CAN be handled, just like everything else; but only if you take pro-active steps. Lawscape helps you understand the law, and works with you to make sure that business debt isn’t the end of your business. 

What Are Some Ways We Can Help With Business Debt Relief?

Our experienced business debt relief consultants are here to help you through this stressful time. 

Weaving Through the Fog of SBA Loan Repayment

Imagine this: your thriving small business hits a few bumps on the road and suddenly, repaying that SBA loan has never seemed so impossible. You’re certainly not alone. About 50% of small enterprises don’t see it past the five-year mark. And dare I say, quite a few of them could have been rescued with savvy financial management, perhaps even a simple loan deferment.

So let’s talk about SBA Loan Deferment, a lifeline that may turn your business’s fortune around. The Small Business Administration (SBA) has in recent times pushed for lenders to become more flexible with their loan deferments. The trick, however, is in how to qualify. Here at Lawscape, we’ve broken it down into four key steps.

1. Showcase Your Cash Flow

You have to prove your financial standing. Cash flow isn’t just about the money making its way in and out of your bank account – it serves as a measure of your business’s health. The good news is that your close relationship with those financial books might just save you.

If you’re dealing with slow sales but running your business correctly, high chances are you can get a deferment. But you do need to convince the SBA and the lenders. Exhibit your understanding of the situation by explicitly stating it in your cash flow statement.

2. Demonstrate Responsibility

To paint this into a clearer picture, let’s consider for a moment that loan deferment is only given to companies that are financially responsible but are struggling with minor obstacles, often beyond their control. External factors, such as effects of political swings like the 2019 government shutdown or increases in tariffs for manufacturing materials can impact businesses.

Moreover, if your business operates on thin margins, don’t hesitate to articulate that to your lender. The key is to present solid evidence that you consistently make on-time payments, proving you to be a commendable borrower deserving of loan consideration.

3. Communication is Key

Now, this one might sound simple, but you’d be surprised at how many owners underestimate the power of clear, open and timely communication with lenders. It is crucial to promptly submit all required documentation and establish a good rapport with your lender. Remember, you’re the one seeking their help.

This once again brings forth the importance of being prepared. When asked to submit an application package for deferment, be prompt. Check, double-check and triple-check everything they need. Being meticulous isn’t just a fancypants attribute; it’s one that often separates the succcessful applications from the rest.

4. Equip Yourself With Collateral

Providing collateral when seeking a loan deferment not only instills confidence in the lender about your commitment to making your business work, but it also guarantees your loan.

However, if the collateral – be it equipment or property – you offer is significantly worth more than what you owe, be wary. The lender might liquidate it if your business model seems flimsy. Cue our mantra: communicate clearly, especially at the first hint of trouble to shield your business.

Unraveling the Truth About Loan Deferment

In essence, acquiring an SBA loan deferment might not be as complex as it seems. It involves maintaining clear, honest communication, demonstrating financial responsibility, having a deeper understanding of your financial situation, and being ready with collateral.

If your business is on the blink of defaulting on an SBA loan, we at Lawscape are here to help. Our proven track record includes millions of dollars worth SBA debts that have been resolved via compromise offers and negotiated repayment agreements. We’ve achieved this without our clients having to file for bankruptcy or face home foreclosure.

Why Choose Lawscape?

At Lawscape, we’re more than just about the numbers. Our attorneys are authorized to represent clients nationwide before the SBA, the SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. Reach out to us today and let’s navigate these stormy waters together.

Lawscape Can Help You Manage Your Business Debt

If you’re struggling with business debt, we can help you understand your situation. During the initial consultation, we’ll go over the contract, and other legal documents you signed. After that, our firm will work with you to get a better understanding of your situation, and help you come up with a game plan that keeps your business alive. 

We Handle It All


Merchant Cash Advance


SBA Debt Relief


Secured Business Debt


Unsecured Business Debt

Everyone has different types of business debt. What matters is that you take it seriously. Regardless of whether it’s secured, or unsecured, you need to work with a firm that understands how to negotiate, reduce, settle, and manage, this business debt. 

Discuss your situation today

We are here to help you, and want nothing more than to help you save your business. Speak to our business debt relief specialists today.

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