HomeDo You Have To Pay Back A Business Loan If The Business Fails?

Do You Have To Pay Back A Business Loan If The Business Fails?

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. 

Alright, let’s get down to brass tacks. You’ve got a business and you’ve got a business loan. That’s a given in today’s world. But what if the unthinkable happens and your business doesn’t turn out the way you envisioned? What about that loan? Where do things stand? Does it simply vanish? Not quite. Let’s dive into how this plays out.

A little insight on SBA loan default.

You might know Lawscape and the Lawscape. Their specialty? SBA loan debt. Their mission? To help find you reasonable solutions to your debt problems. They’ve unlocked the mysteries of the US Treasury Debt Collection process, and they’re ready to guide you through it. In case your debt is north of $30,000, and you want to have a chat, you can connect with them and find a way forward.

What counts as defaulting on a loan?

Defaulting, a word that may instantly foster images of disaster. But wait, one skipped payment doesn’t land you squarely in default territory. Lenders typically pull out the ‘default’ label after two to three missed payments. After that, you’re probably going to get a call from a credit agency.

Each lender has their unique timeline for categorizing a loan as a default. It’s all inked in your loan agreement. Defaulting on your business loan may let loose a few letters or calls from your lender, discussing missed payments or reconsidering payment plans. Ideally, this should get you back on track. But if your business is in hot water, it might be trickier.

Default on a business loan: What‘s next?

Like any other loan, missed payments might draw flak from your lender. The more payments missed, the more assertive the collections attempts. In some cases, the lender might seize collateral (like your business equipment) to recover some of their loaned funds. If your business sinks, selling off your assets might help put you back in the black, especially since you don’t need them for a defunct business.

Personal guarantees: Raising the stakes

Things get dicey if you have a personal guarantee on your business loan. This basically means you’re on the hook for repaying that loan, regardless if your business is doing well or not. In certain scenarios, lenders may chase after your personal assets alongside your business assets.

What plays out when you default on an SBA loan?

SBA loans follow a different playbook. After racking in the collateral linked to the loan, the lender will put forth a claim to the Small Business Administration. The SBA will cover part of the loan they guaranteed, then reach out to you with a repayment plan. It’s interesting to note that the SBA backs up to 75% to 85% of business loans. You might be able to strike a bargain for a smaller payment, and this is where Lawscape and the Lawscape can help you navigate the process.

Lawscape: Your ally in SBA Loan troubles

If your business sinks and you’re left bobbing in a sea of debt, the Lawscape is ready to lend a hand. They offer pragmatic solutions for all your SBA loan woes to help you stand strong. Despite the challenges, they’re ready to help see you through it.

The reason why you should trust the Lawscape with your debt problems

Treasury or SBA Debt Problems?

Why pick the Lawscape? For starters, they’ve solved SBA debt problems amounting to millions through Offer in Compromise and negotiated repayment agreements. No bankruptcy or home foreclosure involved.

Also, millions in Treasury Debts have been successfully defended against through AWG hearings, Treasury Offset Program Resolution, Cross-servicing disputes, Private Collection Agency representation, Compromise Offers, and negotiated repayment agreements.

Authorized through 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, the Lawscape attorneys are skilled to provide you with the ideal solution for your debt issues.

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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Call us today for a risk free consultation.

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