Press J to jump to the feed. when were you funded? Develop an effective loan delivery platform. ), Fake businesses established specifically to apply for SBA assistance, Borrowers working with third parties to obtain Economic Injury Disaster Loan funds in exchange for keeping a percentage of the funds, Borrowers using economic injury loan money to start businesses. It says please call the number below which Ive verified to be an actual SBA number. The SBA is offering grants just for small businesses affected by the coronavirus outbreak. We also use third-party cookies that help us analyze and understand how you use this website. Allegations of SBA small business fraud or HUBZone certification fraud usually start with a government investigation. Census tracks include Qualified non-metropolitan counties; Lands within the external boundaries of an Indian reservation; Qualified base closure areas and other statutory designations. Census tracks include Qualified non-metropolitan counties; Lands within the external boundaries of an Indian reservation; Qualified base closure areas and other statutory designations. 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. The next step after sourcing a handful of business attorneys is to meet with all of them. SBA Services We Provide Nationwide Representation of Small Business Owners, Personal Guarantors, and Federal Debtors before the SBA and Treasury Department's Bureau of Fiscal Service Book a Consultation Call SBA Services - Attorneys You should not have to struggle to settle SBA debt on your own. Georgia Small Business Law Lawyers. it could be much more difficult to salvage any damage. 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. The SBA does not initiate contact on either 7a or disaster loans or grants. 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. Most companies advertising their SBA loan default resolution services on the internet, cable tv or radio use non-attorney sales agents to conduct the initial case evaluation and try to sell you on services that ultimately do not help resolve your problems. call Watson & Associates, LLC SBA HUBZone certification lawyers to schedule a free consultation. Sometimes deb tors may not be considered for an offer in compromise because their monthly income or liquid assets value is too high. Clients defaulted on the SBA loan and were sued in federal district court for breach of contract. At Starfield & Smith, our lawyers for SBA loans pride themselves on providing our clients with SBA loan agreement solutions and guiding the SBA funding and closing process to get deals closed in an efficient and compliant manner. A general attorney whos not an SBA lender legal advisor may not have the expertise you need to keep up with the ever-changing regulations of the SBA, so you must hire a firm with dedicated commercial lending lawyers for SBA loans. This friend claims to have successfully received money from the exact same grant and wants you to know about the program. HUBZone fraud investigations can be very intense and long. This rating reflects the overall rating of US Small Business Administration and is not affected by filters. Call our SBA compliance lawyers toll-free at 1-866-601-5518. . contact us for a free case evaluation at (833) 428-0937. We can be reached by chat, contact form, or by phone M - F 9:00 a.m. - 5:00 p.m. PST. Overhead expenses. to counsel you on the best way to comply with those procedures. 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. U.S. Department of Housing and Urban Development. This was a temporary job working with people who had suffered losses due to a disaster. Clients also pledged the businesss equipment/inventory and their home as additional collateral. I also have a SBA Default Podcast . What does the email say?? You can also reach out to an SBA loan approval legal advisor online by sending an email to info@starfieldsmith.com or by visiting our contact page and filling out the online form. These cookies will be stored in your browser only with your consent. Thats the same thing I saw! We Provide Nationwide Representation of Small Business Owners, Personal Guarantors, and Federal Debtors before the SBA and Treasury Department's Bureau of Fiscal Service. If you are proactively contacted by someone claiming to be from the SBA, suspect fraud. A bachelors degree is required for entry into most law schools , and courses in English, public speaking, government, history, economics, and mathematics are useful. During a criminal case, the prosecution will always try to elicit that the contracting officer would not have awarded the contract if he or she knew about the fraud at the time they awarded the contract. Instead, we negotiated an acceptable term repayment agreement and release of lien on the home. Get in touch with us to speak to a lawyer about any of the following: An SBA lender legal advisor can assist you with all these and more. Providing real solutions to individuals who are facing SBA loan problems. You can also submit a complaint form at https://www.sba.gov/about-sba/oversight-advocacy/office-inspector-general/office-inspector-general-hotline#section-header-0. 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. After the government agency contacts business owners about the grant, a friend then reaches out through Facebook. Many debtors believe that filing bankruptcy will eliminate it. Now we want to assist you by providing commercial lending lawyers for your SBA loans. Every attorney at our firm understands the importance of complying with SBA funding and closing procedures and of documenting every SBA loan agreement correctly to avoid costly mistakes including repairs or denials of the SBA guarantee on SBA loans. SBA then pursued client for the balance. Our Federal Agency Practitioners and SBA Attorneys are very well educated and trained in the 6 core disciplines we believe is necessary to resolve SBA loan problems. It was very satisfying because it allowed me to help these persons thru a very hard time in their life. Ability to work from home. Launch results oriented marketing programs. Hi all, has anyone else received this email? The application looks simple and may involve completing a short form requesting banking and business information. The participating lender is responsible for reporting its share of the discharged debt. Client personally guaranteed SBA 7(a) loan balance of over $150,000. You may report fraud, waste, mismanagement, or misconduct involving SBA programs or employees either online or by calling the Office of the Inspector General (OIG) at 800-767-0385. Treasury claimed our clients owed over $220,000 once it added its statutory collection fees and interest. All Rights Reserved. It's the same 817 number. Practice Area Lead Counsel Theodore Watson. And, suits to foreclose on real property securing the SBA loan may be filed at any time. Dealing with regulators is simply a fact of life for any SBA lender. Some may also work as public defense attorneys and represent individuals who could not afford to hire their own private attorney . This type of lawyer has a hand in every legal discipline. Constitutional Law, Contract Law, Equitable Remedies, Federal Administrative Law & Procedure, Risk Management & Asset Exemption Protection. i how i get will form without attorney? By Phone:SBA Answer Desk: 800-827-5722.You can reach the ASL Consumer Support Line's Contact Representative via videophone at: 855-440-4960.Disaster Loans: 800-659-2955 (TTY: 1-800-877-8339) What the SBA PPP Loan Documents Look Like (And Updates On PPP Loan Forgiveness) Watch on What does an attorney do? This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. These may be attempts to obtain your personally identifiable information (PII), to obtain personal banking access, or to install ransomware/malware on your computer. My name is Jason Milleisen, founder of Distressed Loan Advisors. 2021 Protect Law Group, All Rights Reserved. But overall a great place to be if you enjoy putting in a lot of hours in the name of helping people who are trying to rebuild their lives. SBA HUBZone certified small businesses must meet the statutory HUB Zone requirements to benefit from small business HUBZone Program advantages. 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. I received the same call and was suspicious that is was a scam, then I got an email. At Starfield & Smith, we know that the SBA loan documentation and closing process can be complicated; if you hope to provide services like SBA loan preparation, SBA loan servicing, SBA loan modification, or SBA loan liquidation, you must procure the counsel of an SBA lender legal advisor to teach you about the proper way to deal with these matters. documentation and closing process, including these topics and many more: Evaluate the structure of the transaction, including a review of the, steps like commitment letters and checklists, including review and evaluation of due diligence, Draft and negotiate loan documents like an, Create and perfect security interests in all types of collateral, to advise them on regulatory compliance and provide. Of course, if you do become the subject of a regulatory or law enforcement action during your normal, can advise you on the best way to proceed and provide an, to help you bring yourself into compliance. Most, if not all, of the attorneys who conducted training sessions I was in had the same "attorney advisor" title that new temps have. Your local Better Business Bureau can assist you with finding businesses and charities you can trust. Strong, Special Agent in Charge of the FBI in North Carolina, and Kevin Kupperbusch, Special Agent in Charge of the Small Business Administration, Office of the Inspector General (SBA-OIG), Eastern Region, made the announcement today. it was no big deal. It is intimidating to receive a call informing you that you're being sued, and it's scary when the "attorney" is very aggressive and threatening. If you are contacted by someone promising to get approval of an SBA loan, but requires any payment up front or offers a high interest bridge loan in the interim, suspect fraud. Using stolen identities to qualify for funds, Applications from ineligible persons (nonbusiness entities, suspended or debarred individuals, etc. An SBA attorney advisor emailed me 3 weeks ago. I simply sent a copy of my business insurance, which shows I am covered for hazards, etc. In other words, lets say your average weekly profit from 2019 was $2,000. Want to find the best SBA talent? Most lawyers offer free half-hour or one-hour consultations to meet with potential clients. 1. Find counselors SBA-guaranteed business loans Restaurants, bars, caterers, and even food trucks and food stands have felt the crippling effect of the pandemic, and the SBA is rolling out a program called the Restaurant Revitalization Fund (RRF) that is aimed to help these hard-hit businesses get back on their feet. 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. If you receive an offer that appears to come from the SBA or another state or local government small business agency, research it before sharing any personal information. This field is for validation purposes and should be left unchanged. They are also calling to make sure you received the funding. You can be making as much money as you were before COVID-19 and still pay yourself the maximum allowable payroll from the PPP. How long does SBA reconsideration take? For consumer tips on COVID-19, go toBBB.org/Coronavirus. Application looks simple and may involve completing a short form requesting banking and business.. I received the same call and was suspicious that is was a temporary job working people. 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