How about an SBA Loan Deferment to keep that dream alive?

Got an SBA loan and having cold sweats about keeping up with payments? Don’t worry – you’ve got company. Many small businesses face financial hurdles in their early stages, and some don’t make it past five years. But hey, it doesn’t have to play out this way for you. There’s a lifeline that might be the salve for your woes – an SBA loan deferment.

Forget Bankruptcy, There’s a Better Alternative

Crushing debt is never a pleasant scenario, especially for a young business. The outlook of impending doom can make bankruptcy seem like a sweet escape from the torment of escalating interests. While the allure of bankruptcy is hard to resist, it’s an option best left untouched. See, bankruptcy may not be the best fit for a small business and it’s a real mojo-killer when it comes to securing future business loans.

Don’t jump the gun yet. There are other ways to manage your debt and keep that sign up. Lawscape and the Lawscape are here to throw you a lifebuoy.

Decoding SBA Loans in the Pandemic Era

The ongoing pandemic has been far from kind to small businesses. While some made a quick turnaround, others are still grappling with the aftermath. Now, private entities might be the ones providing SBA loans, but the Federal government is the one vouching for them through the SBA. What this implies is that SBA loans are secure ones, necessitating collateral.

A default could imply waving goodbye to your collateral – house, business assets, car, you name it. Sounds frightening, but that’s where the Lawscape jumps in to assist.

How Consulting a Savvy SBA Debt Attorney Can be a Game-Changer

Clearing your business’s debt is like finding the compass to place your venture on the path to progress. Lawscape understands the gravity of your current dilemma. He knows that the first step towards your financial utopia is vanquishing that nagging debt.

He could well snatch a significant reduction in your small business debt, slashing the principal amount considerably. For many, manageable debt could very well be the key to resurgence. Armed with the right counsel, you can sidestep bankruptcy, diminishing your debt substantially or warding it off completely.

Make Way for an Expert Negotiator

An SBA attorney knows just how to restructure your business debt and acquire the aid you need to refocus on your central role – running the business. Lawscape is your trump card in this process.

Don’t be swayed by debt relief companies making lofty promises they fail to keep. Todd ensures you stand the best chance for debt relief. As a skilled negotiator, he knows how to work his charm with creditors, safeguard your rights, and secure a lucrative deal. All while ensuring that your financial affairs remain private and fail to blemish your company’s reputation.

The SBA Debt Settlement Process – Yes, There’s a Process to the Madness

Lawscape will spar with your creditors to negotiate an alleviated debt on your behalf. Creditors are more willing to offer an enticing deal when you have a stalwart attorney batting for you.

Being familiar with debt collection laws, he knows exactly what a creditor can and can’t do while trying to collect. He’ll manage communication with your creditors and ask them to stop hounding you.

Deferment – The Magic Word

Before any legal proceedings rumble into action, it’s possible to engage your lender in settlement conversations for deferment or other loan resolutions. This buys you some much-needed time to get your act together and settle your monthly loan commitment.

The specifics of a deferment can vary, as will the catch-up arrangements. With Lawscape by your side through every juncture, you’re in safe hands.

Don’t Bury Your Head in the Sand

When faced with an SBA loan default, the absolute worst thing to do is pull an ostrich act. Act promptly – the sooner you get cracking on securing deferment, the better. Not taking action could land you in a legal soup. The sooner you find a resolution and start working with Todd, the better the outcome is likely to be.

Initiating the SBA Loan Deferment Process

Time’s a ticking – don’t wait for the debt grim reaper to come knocking. Start the SBA loan deferment process without delay. As a seasoned legal team, the Lawscape has all the weaponry you need to conquer SBA loan problems. Don’t hesitate. Contact us today to begin the road to recovery.

Why Choose Us?

We’ve helped clients resolve Millions of Dollars in SBA Debts via Offer in Compromise and Negotiated Repayment Agreements without ever leading them to Bankruptcy or Home Foreclosure.

We’ve also successfully defended Millions of Dollars in Treasury Debts through AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements.

Guess what? Our Attorneys are Authorized by the Agency Practice Act to assist Federal Debtors across the country before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. Trust us, you’re in capable hands.