Are you a small business owner struggling to repay a COVID-19 business loan? You’re not alone. Businesses like yours across the nation were the hardest hit by the pandemic and lockdowns, requiring government loans and often a pivot in their business model and operations just to survive. But, while your loan may have been a boon a few years ago, the repayments and threat of default are now like an anchor, strangling your cash flow, hampering growth, and could even cause your business to shutter. If you’re behind on your loan payments and need help, call our Indiana Covid loan default lawyer. We can help you negotiate better terms with your lender, avoid default, and keep your business going. Call Gudeman & Associates, P.C. today for a consultation.
Covid Loan Default Lawyer Indiana
Many small businesses took advantage of the financial assistance the federal government offered during the pandemic, taking out a Paycheck Protection Program (PPP) loan or an Economic Injury Disaster Loan (EIDL), hoping that the cash infusion would tide them over until they could restructure their operations and budgeting to become profitable once again. However, entrepreneurs in many industries are still struggling years later and are nearing or in default status with their lenders.
There is hope, and our Indiana Covid loan default lawyer can help you take advantage of loan forgiveness or explore your eligibility for other repayment options. These rules, the application process, and eligibility requirements are strict and narrow, but with our personalized advice and experience, you can find the right solution and save your business.
We represent you in negotiations with the U.S. Small Business Association (SBA) and your lender to settle the debt dispute and explore loan modification options. The earlier you act, the more likely your lender will be to work with you to offer more flexible repayment options.
Don’t wait to call us and take action. If your loan is in default status and you are in trouble with the U.S. Treasury Department, your personal assets may be at risk of seizure. Our attorneys can help you present an Offer in Compromise (OIC) for your outstanding balance and take other measures to protect your personal property from seizure due to defaulting on a business loan.
Our Legal Experience Makes a Difference For Covid Loan Default
Are you worried about repaying a government load you took out for your business during the Covid-19 pandemic and lockdowns? We can help you. Our Indiana Covid loan default lawyer has over 45 years of experience helping entrepreneurs like you achieve success. We’re skilled negotiators with a deep knowledge of Indiana and federal lending statutes who can find the best option for your situation.
- Our legal team has over 100 years of combined experience helping business owners like you
- Firm founder and lead attorney Edward J. Gudeman offers personalized attention for each client
- Mr. Gudeman’s experience in the tax department of Arthur Andersen in Detroit, Michigan, gives him specialized knowledge and experience to assist clients with complicated tax matters
- Virtual consultations and secure document sharing offered for long-distance clients
- Our commitment to ethical business practices is demonstrated by our A+ rating by the Better Business Bureau
Is your business struggling to repay your Covid loans? Call Gudeman & Associates, P.C. today for a consultation.
