What You Shouldn’t Do Upon Encounter with an SBA Loan Default

You know, finding yourself in the throes of a failing business isn’t exactly equivalent to attending a beach party. Still, as painful as it may be, the quicker you spring into action and set your accounts in order, the sooner you can move on to new ventures. Times like these require expertise, which is precisely why Lawscape of the Lawscape is here; to step in and assist entrepreneurs grappling with SBA loan defaults.

Don’t Play Hide and Seek With Your Lender

Now, ducking your lender is pretty much equivalent to broadcasting you have absolutely no plans of coughing up a single penny. This will likely end with either being on the receiving end of a lawsuit, or with SBA hounds hot on your heels! Enter severe consequences: think of your wages getting skimmed off or your federal tax refund evaporating into thin air.

Don’t Go On a Debt Spree

Ever heard of the phrase, “Robbing Peter to pay Paul”? If your business is hemorrhaging money monthly, and you’re now relying on credit cards or contemplating that home equity loan, I’d say it’s high time to throw in the towel. Piling on more debt is just digging a deeper abyss.

Don’t Auction Your Business Assets Without the Green Light

Are your SBA loan and other business loans defaulting? Make sure not to sell your business assets. If you’re banking on settling with the SBA and your other lenders, you’ll need something to bring to the negotiation table. And if you flog your business assets to settle bills, you’ll end up with a big, fat zero at the end of the day.

Don’t Play Cat and Mouse with the Law

Attempting to outsmart the federal government? Not advantageous, let me tell you. They’ve seen it all, and guess what- odds are, you’ll be caught red-handed. When that happens, expect them to come down on you like a ton of bricks with no room for negotiation. Don’t try to sell your business or trick your lender in any way.

Choose to Collaborate with Lawscape Today

Lawscape comprises a team of top-notch SBA attorneys, committed to standing in your corner when your business default on SBA loans. It’s a no-brainer that compliance with the law is always the best route. With a highly-rated SBA debt resolution attorney on your side, you can resolve your loan without ending up high and dry. Wait no longer; call us for a complimentary consultation today!

The Benefits of Enlisting Our Assistance with Your Treasury or SBA Debt Hurdles?

Over the years, we’ve resolved millions of dollars in SBA debt through Offer in Compromise and negotiated repayment agreements, all without our clients having to file for bankruptcy or face home foreclosure. Similarly, we’ve defended millions of dollars in Treasury debts via AWG hearings, Treasury Offset Program Resolution, Cross-servicing disputes, Private Collection Agency representation, compromise offers, and negotiated repayment agreements.

Our attorneys, authorized by the Agency Practice Act, are fully equipped to represent Federal Debtors anywhere in the US before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. Trust me when I say, we’ve got your back.