SBA Debt OIC vs Workout

Описание: This video provides an overview of options available to business owners facing default on a Small Business Administration (SBA) loan, primarily focusing on two strategies: an SBA Offer in Compromise (OIC) or a structured loan workout. An OIC is presented as a settlement proposal where the SBA accepts a reduced lump-sum payment, generally used when a business has closed and the guarantor cannot pay the full amount. In contrast, a structured loan workout involves modifying existing loan terms, such as extending the maturity date or lowering the interest rate, to make the debt manageable for a business that remains operational. The video emphasizes the crucial role of an SBA loan attorney in protecting the personal guarantees associated with these loans and navigating collection efforts, including those by the Treasury. Finally, the video includes case studies demonstrating successful OIC cash settlements and negotiated workout agreements that resulted in significant business debt relief. You can also read the blog here: https://sba-attorneys.com/post/your-b...

If you are facing an SBA loan default, contact us today for an initial consultation with an experienced SBA workout attorney at 1-888-756-9969 or find us at http://www.sba-attorneys.com.

We will analyze your SBA loan problems and advise you on potential solutions such as an SBA offer in compromise for your SBA loan default.

This is for informational purposes only and not legal advice. If you are facing an AWG or other debt collection action by a government agency, contact Protect Law Group at www.sba-attorneys.com or seek qualified legal counsel if you wish to obtain legal advice or representation regarding a government debt.