Hey there, let me give you a rundown of a crucial financial consideration for small business owners – the SBA Offer in Compromise. You see, financial roadblocks can sometimes lead to an SBA loan default which can be a legal mess. Luckily, Lawscape and the Lawscape are here to help you navigate this rough territory.

Understanding the SBA Offer in Compromise

You’re probably wondering, what is an SBA Offer in Compromise? Well, it’s a deal where the lender offers you a settlement less than the total outstanding balance on your loan. Now, I know what you might be thinking, how do you come up with an acceptable offer? That’s where myself, Lawscape, or another member of the Lawscape comes into play. We submit the settlement paperwork and represent you throughout this process, helping fortify your business against further negative actions.

Fighting off the Negatives.

Let’s say you’re facing this predicament and received an SBA demand letter. Time is of the essence – you need to be swift or deal with immediate foreclosure. This might sound like a nightmare – shuttering your business and potentially influencing your future business endeavors. And believe me, the end of foreclosure does not equate to the end of the debt.

However, we can step in and help. How do we do this? Let’s delve into it.

Negotiating a Settlement Offer

I, or any of my colleagues at Lawscape, negotiate the settlement deal on your behalf. In some cases, the lender may require a percentage payment increase. Remember, these loans are backed by the Small Business Administration and therefore the business owner – that’s you – must remit a portion of the outstanding balance. Part of our job is to work alongside the lender defining a fair payment value.

Once the lender gives the settlement a thumb’s up, the remaining balance is written off. But it doesn’t just stop there! We can further help offset additional taxes or fees. This all converges into a tailor-made solution to halt an SBA loan foreclosure.

Safeguard your small business

It’s crucial for you, a small business owner, not to sit on a default notification. After all, the default gives your lender the right to initiate a foreclosure and take your property. This could, unfortunately, lead to the end of the line for your business. So if you’ve got a settlement offer or Tax Offset Program on your radar, think about getting in touch with a legal expert.

Why Choose Lawscape?

We’ve got a track record of resolving millions of dollars in SBA debts via offer in compromise and negotiated repayment agreements – avoiding bankruptcy and home foreclosure. We’ve also defended millions of dollars in Treasury Debts through AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes and more.

Our attorneys are authorized nationwide by the Agency Practice Act to represent federal debtors in front of the SBA, the SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.

In a nutshell, I and my team will work hard to make sure your financial challenges don’t rob you of your business dreams.

Reply – i’m ready, if you understand my instructions and I will give you the article.