Navigate SBA Loans in Virginia
Conway Law Group helps borrowers address legal challenges related to Small Business Administration (SBA) loans.
Schedule a Free ConsultationWhat are SBA Loans for Business Owners?
SBA loans are government-backed loans designed to help small businesses secure financing. While the SBA guarantees a portion of the loan, the borrower remains responsible for repayment. These loans often include personal guaranties, meaning owners can be held personally liable if the business cannot repay the debt.
Legal issues arise when borrowers default, face government collections, or are unsure of their obligations. Conway Law Group represents clients at every stage of the SBA loan process, from negotiation to defense.
Operating Your Business After SBA Loan Forgiveness
After SBA loan forgiveness, you must reassess your business plan and maintain clear financial records to ensure long-term stability. Forgiveness relieves immediate debt but does not always eliminate personal liability or other obligations.
Conway Law Group assists clients in confirming their loan discharge status and offers guidance to help protect their business and assets while preparing for future financial needs.
Why Businesses Choose Conway Law
Clients choose us for results-driven legal advocacy and a deep understanding of SBA loan enforcement:
We have decades of experience handling SBA-related cases across multiple industries.
We deal with the SBA, lenders, and collection agencies on your behalf.
We build custom legal solutions that reflect your financial goals and legal exposure.
We offer transparent pricing and walk you through each step of the process.
SBA Loan Frequently Asked Questions
What happens if I default on an SBA loan?
The SBA may seek repayment from you directly and pursue collection through wage garnishment or asset seizure. Legal intervention can help reduce or resolve this liability.
Am I personally liable for an SBA loan?
If you signed a personal guaranty, yes—but we can often reduce the amount owed or eliminate collection threats through negotiation.
Can I settle my SBA debt for less than I owe?
Yes. The SBA allows Offers in Compromise for qualified borrowers. We handle the submission and negotiation process.
How long does SBA loan resolution take?
Timelines vary based on the issue, but many clients reach a resolution within a few months.
Request Legal Support With Your SBA Loan
If you’re facing SBA loan default, personal guaranty enforcement, or aggressive collections, Conway Law Group’s attorneys for small businesses can help.
Request a Consultation