Consulting Services

BEST Solutions: Business empowerment and strategic turnaround

Debt Elimination

RISE Solutions: Commercial debt settlement & restructuring

SBA-Backed Bank Loan Offer in Compromise (OIC) Settlements

The SBA Offer in Compromise is a program developed by the Small Business Administration to help business owners who have defaulted on their SBA-backed commercial bank loans. Whether or not this settlement process will be made available to business owners who are unable to pay their EIDL loans remains to be seen, and in those cases, it’s best to pursue the EIDL Hardship program.

Sometimes the SBA will release loan guarantors of their liability for less than what is owed if presented with a compelling reason why it is unlikely the SBA will ever be able to collect more than that. To be successful, you need to know both the written and unwritten SBA guidelines. We have represented hundreds of borrowers in settling their personal guarantees with the SBA and excel at reaching an affordable resolution without bankruptcy.

When the SBA writes a loan and hands it over to your business, youas the guarantor of the loanbecome liable for the remaining balance if your business closes. The bank and SBA can pursue your personal assets, meaning foreclosing on your home or other property, garnishing wages and levying your bank accounts or other assets. To navigate these tricky waters and avoid financial ruin, you need the help of an expert. There is too much at stake to take on the task aloneprofessional services are required to ensure your package will be reviewed and accepted and to prevent the lender from taking aggressive actions.

Second Wind Consultants has resolved hundreds of SBA Offer in Compromises and frequently arranges for settlements with a no-interest payment plan. With a successful negotiation of your guaranty, any liens against the real estate are removed, judgments are marked satisfied or withdrawn, and guarantors are forever released from their liability. In short, we can help you move on with your life.

Yes, resolve business debt.

Find out more about the rational and ethical path to preserving the value of your business and resolving unsupportable debt.

Here’s what will happen next:

  • Initial Assessment

    We'll contact you for an initial fact-finding conversation to assess your situation.

  • Full Debt Consultation

    We'll schedule a no-obligation, one-hour consultation with a RISE Debt Resolution Strategist within 24 hours.

  • Know Every Option

    You decide the path that is in your best interest.

    • Your information is confidential and will not be shared with outside parties, see our Privacy Policy. By submitting this form you agree to our Terms of Service.

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