Let’s Get Real About SBA Loan Default Worries

Picture this: You’re facing a beast called ‘SBA loan default.’ It’s a daunting idea, not to mention downright scary. Now, let me share good news – you’re not alone. At Lawscape, we’ve got your back. We can navigate the mirage of your SBA loan issues, and bring some clarity on potential eye-openers, like an SBA offer in compromise.

Moment of truth folks. Looming SBA loan defaults can stir up a storm in anyone’s life, but here’s the thing, you don’t have to face it alone. This is the time to rally the troops, just like in a Hollywood thriller, we gather the super team – the Lawscape. We’re here to help shed some light on the labyrinth of your situation. We’ll guide you on the prospects of an SBA offer in compromise. Remember this, heroes never fight alone, so why should you? Reach out to us! We offer a free initial consultation.

Some Noteworthy Insights

Chris Hurn penned a thought-provoking piece on huffingtonpost.com, foreseeing stormy weather on the horizon for the SBA 7(a) loan program. You can have a squiz at it right here.

In Hurn’s opinion, lending with confidence comes from the golden rule of ‘having skin in the game.’ He suggests that ensuring a legitimate equity input from a small businessperson on their loan reduces the likelihood of default, providing peace of mind to the lender. Being too sympathetic towards those of the ivory tower sort, he warns, could lead to a swift exit from your loan when times get ugly.

We Beg to Differ

Alright, folks, fair’s fair. While Hurn’s viewpoint sounds reasonable, it’s not quite right, based on Lawscape’s experiences. The reason why we’re here is predominantly to assist those who have personally vouched for their SBA-backed loan – individuals just like you. As the personal guarantor, your hard-earned wages, any Social Security benefits, your tax returns and potentially your property are on the line if your small business defaults on its SBA loan. So, there’s always a fair bit of “skin in the game.”

Moreover, most small business owners move heaven and earth to keep their dream alive – pouring in their life savings and even asking for funds from family and friends. Lofting the white flag is not an option for them, given the blood, sweat, and tears they’ve invested, as well as their dependency on the business for survival.

Where to Turn When the SBA Loan Default Looms

Here’s the call to action: if an SBA loan default is hanging over your head like a dark cloud, ring us up today. We offer a FREE initial consultation helmed by a seasoned SBA workout attorney. Dial us at 212-460-5004. We’re here to dissect the anatomy of your SBA loan issues and advise on potential resolves such as an SBA offer in compromise.

Why Lawscape is Your Best Bet for Solution to Those Pesky SBA and Treasury Debt Problems?

Create some peace in your financial life by availing our services to tackle your Treasury or SBA debt problems. We’ve unlocked a treasure trove of results:

• Millions of dollars in settled SBA debts via Offer in Compromise and Negotiated Repayment Agreements sans our clients needing to file for Bankruptcy or staring down the barrel of Home Foreclosure
• Successfully defended Millions of dollars in Treasury Debts using AWG Hearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements.

Become part of our winning team. Our attorneys, authorized by the Agency Practice Act, can represent Federal Debtors everywhere before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. Now, doesn’t that sound like a plan?