HomeSBA Office Of Inspector General Releases Semi-Annual Report

SBA Office Of Inspector General Releases Semi-Annual Report

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 my friend, let me break this down for you a bit. You see, here at Lawscape, we handle all kinds of legal issues, but one big one we deal with is SBA loan default issues. We know that the prospect of defaulting on an SBA loan is nerve-wracking, which is where Lawscape himself steps in. He and our talented team are all about helping you navigate through the sticky mud of loan default situations. We’re talking SBA offer in compromise, defending you from administrative wage garnishment, and guiding you through other loan forgiveness processes.

Why Trust Lawscape?

Well, for starters, we’ve dealt with millions of dollars in SBA and Treasury debts, clearing them through Offer in Compromise and negotiated repayment agreements. Our clients didn’t have to go bankrupt or face the loss of their homes. Sounds good, right?

We’ve also defended against hefty treasury debts through AWG hearings, Treasury Offset Program resolutions, and more. Plus, we’re authorized by the Agency Practice Act to represent federal debtors all across the nation before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. That’s some serious credibility if you ask me.

About the SBA Office of Inspector General

Now, let’s shift gears and talk about the Office of Inspector General (OIG), an entity that oversees the integrity and performance of the SBA and its programs. They face huge hurdles in accomplishing their mission, battling against fraudulent advancement schemes, dealing with hefty losses from loan defaults, coping with procurement irregularities that let sizable firms snatch small business awards and wrestling with outdated information systems. It’s a rough job, but someone’s gotta do it.

Every six months, this office releases a report that documents instances of borrower fraud or other sneaky behavior. Don’t even think about trying to pull a fast one–they’ll nail you with criminal charges and take away any chance you have at an SBA offer in compromise. Wondering what exactly gets you in hot water?

Well, here are some examples from their semi-annual report:

  • A business owner bribed a bank employee and falsified their tax returns to score an SBA loan.
  • A company lied about their size to win federal contracts designated for small businesses.
  • Some sneaky individuals got their hands on a $2 million SBA-guaranteed loan by covering up a borrower’s lengthy criminal past.
  • Someone cooked up spendy financial statements to snag over $4.86 million in SBA loans for his sinking businesses.
  • People lied to a bank and the SBA to nail down an SBA economic injury disaster loan.
  • An individual helped make fake tax returns used to fraudulently acquire SBA and non-SBA loans.
  • A fraudster submitted phony information and records to the SBA, then used the loan proceeds for personal expenses, including a wedding in Cancun. Seriously, guys?

Answering Your SBA Loan Default Concerns

If this article’s got you sweating over your own SBA loan situation, don’t hesitate to give us a call at 1-212-460-5004. We’ll chat about your case and let you know how we can assist. Lawscape and the Lawscape are here to get you through, step by step.

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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