Eidl Loan

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Facing Challenges with Your EIDL Loan?

A Free Consultation Will Give You
Light at the End of the Tunnel

Decades of Specialized Experience | Proven Track Record of Success | Expert Solutions that Work for Your Situation

The Government is Coming and They're Not Playing Mr. Nice Guy

The Biden administration's recent announcement to intensify efforts to recover an estimated $30 billion in unpaid pandemic loans marks a significant change in approach. This pivot towards aggressive recovery efforts underscores the urgency for small business owners to seek resolution for their past-due loans. Waiting is no longer an option—the time to secure your business’s future is now.

Larry Heinkel, J.D. LL.M.
Debt Settlement Attorney
U.S. Treasury Department
since 1983

Hello, I'm Larry Heinkel, a seasoned tax and bankruptcy attorney at SBA Debt Problem Solvers. As a small business owner, you've been navigating through a dark tunnel since the COVID pandemic began, facing unprecedented challenges and uncertainties that threaten the very survival of your business. The path of dealing with your EIDL loan, especially if you've found yourself unable to make payments, can feel like an extension of this daunting journey, shrouded in fear and confusion.

But you're not alone in this. We've guided countless business owners through this very tunnel, understanding the weight of the darkness you're feeling and the pressing need to protect your business and personal assets. It's crucial to address this situation promptly, and with our guidance, there's a light at the end of this tunnel—a path to safeguarding what you've built and moving towards brighter days.

This Isn’t Something You Can Sit On, So Let's Strategize Your Next Steps Together.

Recently, the challenges around Economic Injury Disaster Loans (EIDL) have taken a new turn. With recent developments from the government, addressing your loan situation sooner than later has become more crucial than ever. Taking action now is essential!

Understanding EIDL and the Importance of Strategic Planning

Economic Injury Disaster Loans were a lifeline for many during the pandemic. However, as payment obligations become due, not every business has rebounded sufficiently to meet these demands. This is where strategic planning becomes indispensable. Whether you're receiving notices from the SBA or simply struggling to keep up with payments, an Offer in Compromise (OIC) might be the optimal path to relief. But it's essential to navigate this process with expertise.

An Offer in Compromise (OIC) might offer a lifeline, allowing you to negotiate your loan terms based on your current financial situation.

When done properly, an OIC can have you solving your EIDL situation for pennies on the dollar, making it a very desirable solution. OICs are typically doomed to fail when undertaken by someone without proper guidance. So it makes excellent sense to have an expert taking care of it for you, ensuring a much greater success rate. Because we specialize in this kind of work and have an excellent track record, you can absolutely trust in the expertise of my team. We know how OICs work and exactly what’s needed to create them and submit them correctly.

The process demands detailed documentation and strategic thinking, including but not limited to:

  • A comprehensive explanation of your financial hardship, including reasons like unemployment, disability, or medical emergencies.
  • Supporting documentation for your hardship claim.
  • A fully completed and signed SBA Form 1150.
  • A clear statement of the funds' source for the offer.
  • Financial Statement of Debtor, SBA Form 770, filled out and signed.
  • Recent bank and investment account statements (last two months).
  • The most recent pay stubs for both borrower and guarantor.
  • Tax returns for the last two years, including all schedules.
  • Interim financial statements—balance sheet and profit and loss statement within 90 days.
  • Documentation of all income sources for the borrower and guarantor.
  • A copy of the business dissolution documents, if applicable.
  • UCC Lien searches of business assets held as security on the loan.
  • Valuation of collateral, if including the release of collateral in the OIC.
  • Current title report/ownership encumbrance report of the security.
  • A current payoff statement from the lien holder, if collateral is involved.

This exhaustive list underscores the complexity of the OIC process and the necessity for expert assistance. Navigating these requirements alone can be overwhelming. Our team at SBA Debt Problem Solvers is expert at managing these intricacies, ensuring your submission is thorough and compelling – and we will handle everything for you.

The TPS Advantage

Choosing to work with SBA Debt Problem Solvers means gaining a partner who brings:

  • Decades of Specialized Experience: With a focus on tax and bankruptcy law, particularly in SBA loan contexts, we're uniquely positioned to represent your interests effectively.
  • A Record of Success: Our history of resolving millions in SBA and Treasury debts has prevented bankruptcy and foreclosure for countless clients.
  • Comprehensive Support Across the U.S.: Our nationwide reach means we're equipped to assist you, regardless of your location, with the same level of expertise and dedication.

What To Do Next:

If you are ready now to discuss your EIDL situation and learn our approach, Click the button below to schedule a callback conversation. You’ll be glad you did!

We’ll have a brief conversation, typically about 15 minutes, where we’ll discuss your specific situation to determine your best solution.

And we’ll give you the next steps to move things forward so we can solve your EIDL loan challenge. Now you can relax, knowing everything will be taken care of.

Sleep Better at Night Again.

We assure you we'll get you the absolute best outcome.

No more waking up a 2 AM worrying. No more avoiding incoming calls. No more worrying if an SBA officer is tracking you. We have your back.

Taking the Next Step

Facing an EIDL loan challenge can feel overwhelming, but you're not alone. With SBA Debt Problem Solvers, you gain a partner dedicated to finding the best path forward for your business. If an OIC isn't suitable at this moment, we'll help devise a strategic plan that positions you for a better opportunity in the future.

Roni D. from Nevada
Business Consultant for Attorneys who handle Tax, SBA, EIDL, and ERC debt workouts

"As a business consultant specializing in supporting tax and SBA/EIDL attorneys and their resolution firms, I've had the privilege of working with numerous professionals in the field. However, Larry Heinkel, the mastermind behind the SBA Debt Problem Solvers stands out as a beacon of brilliance and innovation.

When I began working with Larry, I was immediately struck by his profound understanding of the complexity of debt resolution.

His approach to solving his clients' problems is nothing short of exceptional.

Larry possesses a unique ability to navigate the intricate maze of regulations, crafting strategies that are not only effective but ingeniously tailored to each client's specific situation.

What impresses me the most about Larry is his unwavering commitment to his clients.

He approaches each case with a level of dedication and passion that is rare in the industry.

Larry's solutions address the immediate issue and set a foundation for his client's long-term financial health.

His work ethic and creative problem-solving skills have consistently resulted in remarkable outcomes for his clients.

Moreover, Larry's empathetic nature and exceptional interpersonal skills make him a trusted advisor and ally to those facing daunting tax challenges.

He has a remarkable ability to make his clients feel understood and supported through what can often be a stressful and overwhelming process.

In my professional opinion, Larry Heinkel and the team at the SBA Debt Problem Solvers represent the pinnacle of excellence in tax resolution.

I am continuously impressed by Larry's depth of knowledge, innovative approach to problem-solving, and genuine care for his clients' well-being.

Anyone facing tax-related difficulties would be fortunate to have Larry and his firm on their side.”

Crafting Your Game Plan for Success

The shift in government policy towards loan recovery adds a layer of urgency to addressing your EIDL challenges. SBA Debt Problem Solvers is ready to craft a strategic plan that not only tackles your immediate concerns but also positions your business for stability and growth. Our goal is not just to navigate the present but to unlock a future where your business thrives.

Act Now to Secure Your Business's Future

In this moment of heightened government action, the need for expert guidance and strategic planning is unmistakable. Contact SBA Debt Problem Solvers today to start the conversation. Together, we'll assess your situation, explore your options, and embark on a path to resolve your EIDL loan challenges. Remember, proactive steps today are the foundation of your business's success tomorrow.


Rest Assured, We'll Resolve Your EIDL Matter with the Expertise that 41 Years of Experience Brings.

Larry Heinkel, J.D. LL.M.
Tax Attorney since 1983

"Talk to us about solving your EIDL default problem. I promise you, a 15-minute call will have you sleeping better tonight! We’ll create your perfect Game Plan!” —Larry Heinkel, J.D. LL.M.

Our Team of EIDL Loan Settlement Specialists are Highly-Experienced Offer in Compromise Negotiators. You'll Want Us on Your Team.


LARRY HEINKEL, J.D. LL.M.
SBA DEBT SETTLEMENT &
BANKRUPTCY ATTORNEY


APRIL SERRANO, E.A., CTRS
President & Partner


PETER R. LAZZARI, CPA
SENIOR TAX DIRECTOR


DEANN L. WOJCICKI, CPA
ASSOCIATE DIRECTOR,
CLIENT ACCOUNTING SERVICES

Why Choose TPS to Negotiate an EIDL Loan Settlement for You?

  • Expert team led by Tax Attorney Larry Heinkel, with 41 years of experience.
  • Comprehensive review by Offer in Compromise attorneys and CPAs.
  • Personalized attention and representation in all SBA matters.
  • Assistance with unfiled taxes and securing financial security.
  • Proven track record of settling for a fraction of the amount due.
  • Secure and confidential handling of your information.

Choose the SBA Debt Problem Solvers team for a compassionate, comprehensive approach to resolving your EIDL loan challenges. With decades of experience and a commitment to personalized service, we're here to guide you through every step of the process.

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