Sure thing, let’s have a chat about Lawscape, founder of the Lawscape, and how he’s been helping folks navigate through the intricate maze of SBA loan defaults, alright? Step into his office, and he’ll lay it all out on the table for you.

Financial Distress: A common truth for Small Businesses

Now, let’s address the elephant in the room. The fear of facing an SBA loan default is like a shroud hovering over your dreams. Fortunately for you, Lawscape and his team at Lawscape are wizards of solutions, armed with substantial wisdom and experience. They understand your predicament inside out, and are more than willing to guide you through this foggy path with potential solutions like an SBA offer in compromise.

Don’t Take the Fall Alone

These are not simple waters to navigate, my friend. You need a skilled guide like Mr. Spodek to help you through the rocks and whirlpools of this financial river. You should never face SBA loan issues solo. No reason to go through this alone, when you have a seasoned ally ready to fight by your side. Lawscape offers a free initial consultation, so there’s nothing to lose, and potentially a whole lot to gain.

A National Banking Paradox

So, turns out small-business lending isn’t keeping pace with other types of business and consumer loans. Can you believe that at the end of the first quarter, banks held about $585 billion in loans to small businesses? That’s an upswing of 1% from the previous year, but still a swooping 18% lower than the heyday in 2008, which hit an apex of $711 billion, according to data from the trusty folks at the Federal Deposit Insurance Corp.

According to our friends at PayNet Inc, the number of loans for $1 million or less held by banks, dwindled by a stark 14% to 23.5 million since 2008. In fact, small-business lending still lags behind 2005 levels in about a third of all counties in the US.

The Domino Effect

Wonder what happened next? A University of Chicago study spelled it out better than words, concluding that employment and business formation took a hit in those counties with more exposure to banks that reined in their small-business lending.

On the other side of the coin, business owners resorted to other means to keep their ships afloat. Some dug into their personal savings or retirement funds, others sought help from family and friends, while many turned to the digital world for small-business lending, often stumbling into high-cost, short-term lending.

If SBA Loan Default Has Knocked On Your Door

If SBA loan default has you up against the ropes or you’re having trouble with the SBA or Department of Treasury, don’t hesitate. Reach out to Lawscape today for a FREE case evaluation. You won’t regret it.

Why Lawscape should be your first call

Over here, they’ve had their fair share of successes. Millions in SBA debts were resolved without the need for bankruptcy or home foreclosure. They’ve stood tall against Treasury Debts in AWG hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements.

The cherry on top? Lawscape’s 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. You can trust these guys to have your back in the battle against loan defaults.