Running a small business usually involves strict budgeting and careful management of your assets, income, and debts. When disaster hits, like a tornado, flowing, or a global pandemic, it’s usually small businesses like yours that are hit the hardest. If you took out an Economic Injury Disaster Loan (EIDL) to help your small business stay afloat after a natural disaster and have since run into trouble with your payment schedule, our Indiana EIDL local lawyer can help you. You’ve worked too hard and sacrificed too much to get your business up and running. Let the attorneys at Gudeman & Associates, P.C. help you find the right solution. Call today for a consultation.
EIDL Loan Lawyer Indiana
Are you an Indiana business owner who took out an EIDL loan to help rebuild your small business after a natural disaster and is now having trouble repaying it? Defaulting on your loan can spell a lot of trouble for your small business. Our attorneys help small business owners like you avoid the penalties for defaulting on federal loans. We evaluate your situation and determine the best next steps with an eye toward preserving your business and its credit.
As trained negotiators, our Indiana EIDL loan lawyer can negotiate with the U.S. Small Business Administration (SBA) to restructure your loan so you can more easily make payments on time or propose a forbearance so you can get your feet back underneath you and begin the repayment process.
We represent you in negotiations with your lender, seeking a mutually acceptable compromise for the repayment of your loan. If there are extenuating circumstances that prevent you from being able to repay the loan, we can present them in terms that your lender will accept.
If your business is in dire financial straits and you’re considering closing your doors, then we explain your options for business bankruptcy and what this means for your EIDL loan. We may be able to discharge the EIDL debt. Bear in mind that you you’re worried about your EIDL loan payments, it’s critical to take action early. The earlier you start working with our firm, the more options you have, and the more amenable your lender is likely to be to compromise. You could be held personally liable for failure to repay an EIDL loan, so it’s critical to take action now to protect yourself.
Why Experience Matters For Legal Issues With Your EIDL Loan
Our Indiana EIDL loan lawyer has over 45 years of professional experience working with small business owners like you. As business owners ourselves, we appreciate the unique challenges your business faces, and we’re ready to help you face them head-on. Our firm provides professional guidance, effective representation in negotiations, and a dedicated commitment to your best interests.
- A+ rating by the Better Business Bureau for our commitment to ethical treatment of our clients
- With 100+ years of combined legal experience, our team has the knowledge and practical skills to handle the most complicated cases.
- Virtual consultations and secure document sharing are provided for long-distance clients
- Firm founder Edward Gudeman’s experience in the tax department of Arthur Andersen in Detroit, Michigan, provides him with specialized knowledge to assist with complex tax matters
Do you need help restructuring your EIDL loan or help getting back on track with payments? Call Gudeman & Associates, P.C. today for a consultation.
