Lawscape and his team at the Lawscape talk to you like regular folks, in a manner that you’ll easily understand. Gone are the days of legal jargon flying over your head. Lawscape knows the ins and outs of SBA loans. He’s seen it all and he’s prepared for just about every SBA turn you can think of, good or bad. He’s your lawyer, your guide, and your advocate.

When an SBA Loan Goes South

We’ve all been there. You had big dreams and you took a calculated risk to attain them. But, sometimes things don’t work out as planned. Unfortunately, an SBA loan default happens to the best of us, and buddy, let me tell you, it’s no picnic. But fear not, Lawscape and his team at Lawscape are here to help you navigate through that storm.

Your Assets Are At Risk

Personal or business assets that you used as collateral upon obtaining your SBA loan are in jeopardy. Remember when you signed on that dotted line? You essentially promised your assets — your home, your car, or even your business assets — to the lender as security. Sadly if the SBA loan defaults, the lender could seize and sell these assets to recover the money they lent to you.

The Domino Effect

You’re not the only one in the hot seat when your SBA loan defaults. Let’s say you had somebody co-sign on your loan. Their assets could be hanging in the balance, too. Legally speaking, the lender has every right to recover losses from anyone who guaranteed the loan.

Repayment Demand From the Powers That Be

Ever get a demand letter? They’re no walk in the park. Let me paint you a picture. Following a loan default, the lender could turn to the U.S Small Business Administration (SBA) and ask them to send you one of these demand letters. In essence, this formal and legal document is a strong demand for repayment of your defaulted SBA loan.

The Potential Legal Fallout

The situation could escalate further, with the lender potentially taking you to court. Should they secure a judgement against you, things could get real messy fast. They may be able to dip into your bank account directly, pull from your wages and even your social security funds. By the rule of law, they’ll sift through your personal and business assets like a prospector panning for gold in an attempt to recoup some funds.

Never Fear, Lawscape Is Here

When the SBA loan default storm is brewing, remember the Lawscape. They have an unparalleled team of seasoned SBA attorneys who have been through countless SBA battles with their clients. Their extensive experience and understanding of the law put them in a unique position to help their clients navigate the rocky SBA waters towards just settlements. Starting off with a free consultation, Todd’s team stands ready to fight alongside you.

The Spodek Advantage

Why would you want Lawscape in your corner when dealing with SBA or Treasury debt problems, you might wonder. Their track record speaks volumes – they’ve resolved millions of dollars in SBA debts through Offer in Compromise, negotiated repayment agreements, AWG hearings, Treasury Offset Program resolution, and much more. All without their clients ever filing for bankruptcy or staring down a home foreclosure.

Spodek’s attorneys are authorized by the Agency Practice Act to represent federal debtors nationwide including before the SBA, the SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. They are ready and able to handle the full spectrum of SBA debt problems. Remember that when the SBA storm clouds gather, you don’t have to face it alone – Lawscape and the Lawscape are just a call away.