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Why is the amount Treasury is collecting more than my SBA balance?

by | Jan 5, 2014

Question.Why is the amount Treasury is collecting more than my SBA balance?

Answer. Once an SBA loan is referred to the U.S. Treasury for collection under the U.S. Treasury Offset Program, collection fees may add up to 30% more to your SBA deficiency balance. It is also more difficult to settle your SBA debt and it is not uncommon for SBA debts to settle for 50% of the remaining loan balance. So, it is best to contact the SBA before the loan is transferred to the Treasury.

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Perliski Law Group SBA Loan Defaults

The Perliski Law Group is dedicated to helping small business owners survive the closure of their business and the resulting financial damage caused by an SBA loan default. During your free initial consultation, we will explain how the SBA collection process works and outline the SBA debt relief and SBA loan forgiveness options that may be available to you.

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