Our Atlanta Tax Attorneys advise clients about SBA Loan Relief and OIC
Starting and operating a new business requires capital. It is very common for businesses to take out loans through the Small Business Administration (SBA).
However, the bad economy that we have experienced in recent years has caused countless businesses to be unable to pay back those loans, despite their best efforts.
An Offer In Compromise As An Option
Frequently, you may be able to reduce or eliminate the debt through a process called offer in compromise. In this process, you will prepare financials that show that your offer is the most that you can afford to pay.
Upon receiving the offer, the SBA may accept, deny or make a counteroffer. It is common for negotiations to go back and forth.
To talk to an attorney located in Atlanta, Georgia, about your case, please feel free to contact us at 404-841-6561. The firm handles cases involving captive insurance company litigation and syndicated conservation easement litigation, guiding clients through IRS tax disputes and promoter malpractice cases, as needed to get them to the best result.