Asset Management

The SBA expects lenders to be just as diligent in liquidation and litigation for defaulted SBA loans as they would be for loans without a governmental guarantee. Some loans require prior approval from the SBA before they can be placed in liquidation status. We work with you to determine if that is required. If so, we can help you complete the necessary liquidation plan to submit to SBA beginning with the request to SBA to place the loan in liquidation status.

If SBA oversight is required, there are necessary steps that must be followed. We go through the required steps of preparing demand letters, attempting workout plans, analyzing whether an offer in compromise is appropriate and all details related to liquidation.

If liquidation is not the answer, we also assist with litigation. Depending on the nature of the litigation and expected cost, a litigation plan may need to be submitted to SBA for approval.

We have experience in liquidating loans and seizing assets from companies who have defaulted on loans ranging from commercial real estate companies to light industrial manufacturing.

  • Acting on behalf of lenders as workout specialists for debt restructuring.
  • Establishing a receivership and acting as both federal and state receivers.