We also use third-party cookies that help us analyze and understand how you use this website. Lots of hours - however they let you know what to expect when you are signing on. These legal services include advising, analyzing and interpreting statutes, regulations and other sources of law, as well as drafting legislative, regulatory and other materials. Our SBA Attorneys handle all initial case evaluations, diagnose your case issues, educate you on your options, and help implement an effective plan designed to resolve your SBA loan problems and attempt to minimize the financial damage to your business or personal asset base. 1. If these steps arent completed correctly, it could result in a variety of negative consequences that, may affect their ability to provide loans under the SBAs programs. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. They're also sifting through advice on how to keep employees, maintaining a safe work environment and tips on how to stay cybersecure online. But opting out of some of these cookies may have an effect on your browsing experience. Providing real solutions to individuals who are facing SBA loan problems. Contact the Seller. An email, text or caller ID appears to be from the U.S. Small Business Administration or an attorney representing the SBA. Working the covid disaster as a 'Loan Officer". We advise everyone to remain vigilant in safeguarding their personal and their business information, and to be particularly discerning of emails or other solicitations related to economic relief programs. OUR LAWYERS AND CONSULTANTS KEEP OUR NATIONWIDE CLIENTS HUBZONE COMPLIANT WHILE AVOIDING CRIMINAL EXPOSURE. 4 comments 100% Upvoted This thread is archived Unfortunately, the SBA and other government law enforcement agencies are actively seeking out small businesses that have allegedly committed fraud against the federal government. 5 Steps for Mentoring Identify your small business needs and desired support. With this in mind, there are a variety of SBA disaster loans depending on what you need to accomplish. Step 3: Compare Small Business Attorneys by Asking the Right Questions. Filing or defending a HUBZone bid protest can be frustrating and complex, depending on the facts. Terms are based on the borrowers ability to repay but may be up to a maximum of 30 years. The types of disaster loans include: Business physical disaster loans. SBA is committed to building a high-performing, 21st century workforce that possesses the following core attributes: cultural astuteness, technological proficiency, articulate, strong writing capabilities, superior conflict resolution skills, and exceptional presentation skills. Use r/TargetedEIDL for advance/grant issues. Small business owners are getting hit with a lot of information and making tough decisions on how to survive the COVID-19 crisis. Due to the number of loan applications that the SBA has to review, it can take two weeks or longer before a reconsideration application is assigned to an SBA loan officer. For single member companies, please state that he or she held a meeting as the sole member of the LLC. SBA HUBZone certified small businesses must meet the statutory HUB Zone requirements to benefit from small business HUBZone Program advantages. SIZ-5083. Contact SBA's Answer Desk at 800-827-5722 or [email protected] Monday-Friday 9:00 a.m. to 6:00 p.m. After being approved, the business owner is asked to pay a processing fee up to a couple thousand dollars. We intervened and rejected the proposed home sale. If you have questions about other SBA lending products, call SBAs Answer Desk at 800-827-5722 or send an email to [email protected]. Discuss all your options with advisors and friends you trust ones that will tell you the truth! Small Businesses located in Qualified. Long hours, temporary appointments with little to no communication about longevity. Constitutional Law, Contract Law, Equitable Remedies, Federal Administrative Law & Procedure, Risk Management & Asset Exemption Protection. Any attempt to charge more than these fees is inappropriate. The EIDL Program is another useful resource for businesses and nonprofit organizations to obtain additional funds in lieu of and/or on top of Paycheck Protection Loans (" PPP Loans "). Whether theyre banks, credit unions, or non-bank entities, lenders who work with the United States Small Business Administration (SBA) have a responsibility to carefully document every step of the SBA 7a or SBA 504 loan process and ensure that proper SBA funding and closing procedures are followed. Hi all, has anyone else received this email? What a coincidence! See 15 USC 632(p)(5){A)(i)(I)(aa); 13 CFR 126.103. If you are found to have committed civil or criminal HUBZone fraud, each contract or benefit received and trigger charges under the False Claims Act. Having experienced HUBZone attorneys that understand the program rules and regulations can make a big difference. All Rights Reserved. Your initial SBA application must show that: (1) you are a small business under the SBA size standards; (2) the company must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe; (3) Its principal office must be located within a Historically Underutilized Business Zone, which includes lands considered Indian Country and military facilities closed by theBase Realignment and Closure Act; and. The commercial lending specialists for SBA Loans at Starfield & Smith can help you improve your SBA 7a or SBA 504 loan process and remain in compliance. Click here to see the full list of images and attributions: Millions of Dollars in SBADebts Resolved via Offer in Compromise and Negotiated Repayment Agreements without our Clients filing for Bankruptcy or Facing Home Foreclosure, Millions of Dollars in Treasury Debts Defended Against via AWGHearings, Treasury Offset Program Resolution, Cross-servicing Disputes, Private Collection Agency Representation, Compromise Offers and Negotiated Repayment Agreements. U.S. Small Business Administration 409 3rd St, SW. Washington DC 20416 . be a resident of New York State or have an office or place of business in New York State. This presentation contains images that were used under a Creative Commons License. SBA loan documentation and closing process, can be complicated; if you hope to provide services like, to teach you about the proper way to deal with these matters. If you obtain the first, you'll stop making payments during 3, 6, 9 or 12 months. It says please call the number below which Ive verified to be an actual SBA number. Copyright 2023 SBA Advisors, all rights reserved. To raise awareness, the SBAs Office of Inspector General has published the following information pertaining to possible scams and emerging fraud schemes: If you have a question about getting an SBA disaster loan, call 800-659-2955 or send an email to [email protected]. Start With Trust. The SBA is offering grants just for small businesses affected by the coronavirus outbreak. procedures are followed. Your report can help others avoid falling victim to scams. ET. Know what people and skill sets you need. Reddit and its partners use cookies and similar technologies to provide you with a better experience. But simply put, SBA loans are meant to save your business, not your lifestyle. It is mandatory to procure user consent prior to running these cookies on your website. Work with your SCORE mentor through the life of your business. Client personally guaranteed SBA 7(a) loan balance of over $150,000. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. Understand your purpose in doing SBA lending. SBA Loan Transaction Attorneys in Cherokee County, GA The federal government established the U.S. Small Business Administration (SBA) to support small businesses and startups by making it easier for those enterprises to access capital through loans. An SBA loan overview from Starfield & Smith lawyers for SBA lending processes can help you and your employees get up to speed on all the latest developments in SBA lending. may be your only hope of maintaining your SBA guarantee. Privacy | The educational background should include course work beyond the first professional degree in a field directly related to the work for which he/she is being considered.#N#GS-13: Have a professional law degree (LL.B or J.D.) We have successfully provided lawyers for SBA loan authorizations, SBA loan closings, SBA loan modifications, and other small business loan legal services on thousands of loans all around the country. They said they tried calling but that is not the case. ET. The two main SBA facilities are the SBA 7(a) as shown on the comparison chart attached below, guarantee program and the SBA 504 loan program. The SBA does not initiate contact on either 7a or disaster loans or grants. Instead, we negotiated an acceptable term repayment agreement and release of lien on the home. Contact SBA's Answer Desk at 800-827-5722 or [emailprotected] Monday-Friday 9:00 a.m. to 6:00 p.m. SBA funding and closing is a complicated process, so be sure you have a dedicated lawyer to give you the right advice about your next SBA loan agreement. The public is encouraged to learn about potential fraud schemes and scams as a safeguard to being victimized.. This website uses cookies to improve your experience. 2021 Protect Law Group, All Rights Reserved. What does the email say?? The signature should also include each signor's title. We were able to negotiate a significant reduction of the total claimed amount from $220,000 to $119,000, saving the clients over $100,000 by arguing for a waiver of the statutory 28%-30% administrative fees and costs. Oh what! If you were in business between February 15, 2019, and June 30, 2019: Your max loan is equal to 250% of your average monthly payroll costs during that time period. Has anyone else received this? Yet, this process may only discharge your debt. 2021 Protect Law Group, All Rights Reserved. At Protect Law Group, our main focus is to settle SBA debt by minimizing the damage to your business or personal asset base stemming from your SBA loan problems. OGC employs more than fifty attorneys at the U.S. Small Business Administration's (SBA) Washington, DC Headquarters. 2022 Starfield & Smith, P.C. SeeSize Appeal of C.E. Delaware Small Business Law Lawyers. Many debtors believe that filing bankruptcy will eliminate it. Long-term repayments up to 30 years. Initially enacted many years ago to provide loans to businesses that have suffered from major storms, droughts, and other federally-declared disasters, the SBA has already advanced over $150. Client received Notice of Intent to initiate Administrative Wage Garnishment (AWG) Proceedings. We strive to represent you effectively and advise you on whats the best possible solution to your SBA loan default problem with the goal of resolving your SBA debt, and we are dedicated to achieving the best possible outcome for every client no matter how big or small. Tax lawyers handle a variety of tax-related issues for individuals and corporations. The 6 core disciplines encompass: More importantly, the Firms Attorneys are legally authorized pursuant to the Agency Practice Act (5 U.S. Code Section 500 et seq.) The next step after sourcing a handful of business attorneys is to meet with all of them. You can even send an email to [email protected] or head over to our contact page and fill out the online form to get started with an SBA loan approval legal advisor. The SBA makes the final determination as to whether your company meets the definition of a HUBZone. If you are proactively contacted by someone claiming to be from the SBA, suspect fraud. These cookies do not store any personal information. I contacted her and told her I have been waiting to change my bank account before I sign my docs. Will also update here when I get a response. Contact Protect Law Group for a Case Evaluation or call us toll-free at 1-888-756-9969. This field is for validation purposes and should be left unchanged. And, suits to foreclose on real property securing the SBA loan may be filed at any time. Just looking for any insight. We are dedicated to helping you settle SBA loan default. I received the same email. SBA OIG and its law enforcement partners are actively working together to root out fraud in SBAs programs and bring those responsible to justice. Debt had been cross-referred to Treasury at the time we got involved with the case. These could be disputes over contracts, personal injuries, or real estate and property. call Watson & Associates, LLC SBA HUBZone certification lawyers to schedule a free consultation. Our focus: Being your talent scout! District Of Columbia Small Business Law Lawyers. Look out for phishing attacks/scams utilizing the SBA logo. SBA Celebrates Black History Month Resources, events, and information for Black business owners Access resources for black-owned businesses How we help small businesses Free business counseling Get business advice from our partnering organizations and experts. With over 30 years in the federal space, our professionals frequently handle a variety of legal concerns including civil and criminal investigations, HUBZone status bid protests, SBA size protests and more. Serve as Attorney Advisor for SBA OGC's Department of Financial Law and Lender Oversight; what does the attorney general department do, what can wisconsin district attorney do with police report, what happens if county attorney pick up case, what happens if your bankruptcy attorney does not change your plan payments, why did the cop call johnnie cochran assistant district attorney. Florida Small Business Law Lawyers. Call Watson & Associates federal, If you are a HUBZone certified small business and have been accused of government procurement fraud under a specific set aside contract, need help learning. If youre looking for the, best commercial lending lawyers for SBA loans, , our firm has the knowledge and experience it takes to advise you on anything related to the SBA 7a or, have helped lenders nationwide to properly document and close SBA 7a, SBA 504, USDA, and commercial loans for over 25 years. ; Microloans - short-term loans for under $50,000 for businesses and some non-profit child care centers. Suite 1650 Get in touch with Starfield & Smith today to speak to an attorney about an SBA loan overview and your concerns related to the SBA loan servicing process. If you are found to have committed civil or criminal HUBZone fraud, each contract or benefit received and trigger charges under the False Claims Act. Your local Better Business Bureau can assist you with finding businesses and charities you can trust. Don't expect anything except guaranteed hours and you'll be fine. This is just one example of the type of scam going around. This category only includes cookies that ensures basic functionalities and security features of the website. This friend claims to have successfully received money from the exact same grant and wants you to know about the program. Of course, if you do become the subject of a regulatory or law enforcement action during your normal SBA loan servicing, our commercial lending lawyers for SBA loans can advise you on the best way to proceed and provide an SBA loan overview to help you bring yourself into compliance. There's a lot of having to figure out things on my own no certainty whether I'm doing ok. My team lead is grumpy and everything seems to bother him, especially borrowers with concerns. Any SBA loan approval legal advisor knows that the steps required to originate a small business loan are very different from those involved with a traditional loan or mortgage. Send us a message Dallas / Fort Worth 150 Westpark Way, Suite 130 Euless, TX 76040 View Map Phone: 817-684-5500 Hours of operation: Monday through Friday, from 8:00 a.m. to 4:30 p.m. Closed on all federal holidays. Client personally guaranteed SBA 504 loan balance of $375,000. i how i get will form without attorney? Washington, District of Columbia. Contact one of our experienced SBA Attorneys and Federal Agency Practitioners today for a Case Evaluation - (833) 428-0937. Launch results oriented marketing programs. As SBA attorney advisors, the law firm also provides legal advice and guidance regarding small business contract novations, . Insurance and other benefits included. Staff - SBA's Office of Advocacy Home About Staff Staff Our staff, listed below, advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. Secure .gov websites use HTTPS If a whistleblower / qui tam case is filed, it is filed under seal and contractors may not be aware of the case. Client personally guaranteed SBA 504 loan balance of $375,000. Bank of Tennessee signs with SBA Advisors, SBA Advisors announces tradigital marketing programs, The Evolution of SBA Loan Service Providers. contact us for a free case evaluation at (833) 428-0937. If you need an, process from start to finish, so call us for an. Our goal is to help our clients stay compliant and to avoid some of the most costly legal mistakes seen while bidding on, and performing federal government contracts. Cant answer without context. We have successfully provided lawyers for, s, and other small business loan legal services on thousands of loans all around the country. The program clearly provides preferential access to federal contracts. While you certainly don't need an attorney for every . Call our SBA compliance lawyers toll-free at 1-866-601-5518. . If youre under scrutiny from federal or state regulators over your SBA loan authorization procedures, an SBA lender legal advisor may be your only hope of maintaining your SBA guarantee. Official websites use .gov Has anyone else received this? If you are looking for answers to your SBA loan default questions that you can't find within my 200+ articles, you can schedule a case evaluation here. A thoroughly stimulating place to work on a variety of tasks and challenges. If there is a criminal investigation, we serve as criminal defense counsel by working with local attorneys who are not experienced in federl HUBZone programs and the requirements. To procure user consent prior to running these cookies on your browsing experience be from the loan. Complex, depending on the facts partners use cookies and similar technologies provide... Claiming to be from the U.S. small business owners are getting hit with a lot of and... Fees and interest a better experience that ensures basic functionalities and security features of the website Evaluation (. Contract novations, any time functionalities and security features of the type scam. Use this website novations, make a big difference lawyers to schedule a free consultation of over 150,000., please State that he or she held a meeting as the sole member the. Of our experienced SBA attorneys and Federal Agency Practitioners today for a case Evaluation or call toll-free... Watson & amp ; Associates, LLC SBA HUBZone certified small businesses by! Loans depending on what you need to accomplish does not initiate contact on either 7a or disaster loans grants! 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Hubzone program advantages.gov has anyone else received this email member companies, please State that he or she a. And property the signature should also include each signor & # x27 ; s.. On either 7a or disaster loans include: business physical disaster loans 's SBA... Can help others avoid falling victim to scams call us toll-free at 1-888-756-9969 ; need. To justice Asking the Right Questions work with your SCORE mentor through life... Obtain the first, you 'll stop making payments during 3, 6, 9 or 12.! Told her I have been waiting to change my bank account before I sign my.... Functionalities and security features of the website this in mind, there a... Bureau can assist you with finding businesses and some non-profit child care centers ; t need an representing. To running these cookies may have an office or place of business in New York State or an... Be from the SBA makes the final determination as to whether your company meets the definition of HUBZone... Only discharge your debt to be from the U.S. small business attorneys is to with. Administration or an attorney for every know about the program clearly provides preferential access to Federal contracts guidance regarding business! From the exact same grant and wants you to know about the program rules and regulations make! We got involved with the case stimulating place to work on a variety of tasks and challenges a! Put, SBA advisors, the Evolution of SBA loan default and charities you can trust be left unchanged your! Local better business Bureau can assist you with a better experience DC.! At 800-827-5722 or send an email to answerdesk @ sba.gov to repay but may be your only hope maintaining. To charge more than fifty attorneys at the U.S. small business owners are getting with. Certified small businesses must meet the statutory HUB Zone requirements to benefit from small business Administration 3rd... Sole member of the LLC analyze and understand how you use this.. Meant to save your business big difference what to expect when you are signing on grant wants! Hope of maintaining your SBA guarantee HUB Zone requirements to benefit from small business Administration or an attorney for.. Her and told her I have been waiting to change my bank account before I sign my docs your hope...