Gotcha Struggling with SBA Loans? The Lawscape is Here to Help

Hey there, feeling like you’re strapped tight by your SBA loan woes? Well, let’s see if we can loosen those knots for you. Over at our firm, we look into the nitty-gritty of your SBA loan problems, analyze each detail, and propose possible solutions – like an SBA offer in compromise. So, if that SBA loan default hurdle is looming, don’t sweat it. We’ve got your back! We, at the Lawscape, are the skilled pros helping clients make sense of their situation. Gimme a shout, don’t try tackling this alone!

Are Banks Playing Buzzkill in Small Business Lending?

Looking at the scene closely, there seems to be roadblocks holding bank lending to small enterprises in check. A downward slope to banking consolidation is affecting crucial capital sources for small ventures. Sad state of affairs that the once flourishing community banks are dwindling, with the count now less than 7000, making a big fall from over 14,000 in the mid-80s. This was intensified by the financial crunch.

Furthermore, it’s a Herculean task for eligible borrowers to find willing lenders and vice versa. In fact, Federal Reserve’s research reveals that loan paperwork for small-business borrowers can have you sweating for almost 25 hours! Moreover, securing the funds takes a painfully slow pace, sometimes weeks or even more.

Lending to Small Businesses – A Tricky Terrain for Banks

Sounds dramatic, but let’s face it – small-business lending is quite a risky card for banks. Small businesses, often seeking loans below $1 million, are more vulnerable to economy swings, higher chances of flop, and less assets to pledge. Almost like walking a tightrope, isn’t it?

Assessing Creditworthiness – A Tough Nut to Crack

Scratching your head about how banks determine your creditworthiness? Here’s the behind-the-scenes scoop. There’s very scarce public data on the performance of most small businesses, making the vetting process quite a challenge. Keeping minimal balance sheets, sparse income statements, and basic tax returns doesn’t help the situation either.

The Issue with Smaller Loans

Now let’s do a little math. Processing loans of say $100,000 costs about the same as that of a $1 million loan, but the profit differs massively. This mismatch is making banks hesitate to extend lending at smaller dollar levels. So the small-business owners who need a helping hand the most are left in the lurch. Harsh reality, right?

Small Businesses Face the Brunt

It does seem like a massive uphill climb, doesn’t it? With larger banks shying away from loans below thresholds typically set at $100,000 or $250,000, small businesses are left scrambling. Majority of these small businesses are desperately seeking loans under $100,000, creating this unfortunate chasm in the small business loan market. Instead, many are channeled towards the high-yield small business credit card products, which can add to their woes instead of easing them.

SBA Loan Default Threatening to Haunt You?

If the doom of an SBA loan default is what you’re seeing on the horizon, don’t lose heart. Reach out to us at the Lawscape for a detailed case evaluation.

Why Put Your Trust in Us Regarding Your Treasury or SBA Debts?

We know it’s no small feat that the Lawscape has resolved millions via Offer in Compromise and negotiated Repayment Agreements, without our clients needing to file for bankruptcy or facing home foreclosure.

Our team is armed with authorisation via the Agency Practice Act, ready to represent Federal Debtors across the nation before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service.

So when the going gets tough, remember, the Lawscape doesn’t just get going. We get results.