Business liquidations due to SBA loan defaults.
We work with the SBA when business liquidations are needed.
The Small Business Administration (SBA) plays an important role in supporting small businesses across the United States however when a borrower defaults on an SBA loan, the agency may be forced to initiate a liquidation process to recover the remaining debt.
That's when we're called in.
Select the right business liquidation firm.
When a business defaults on a Small Business Administration (SBA) loan it often leads to the liquidation of the company’s assets. This process can be complex and emotionally challenging, but having the right liquidation firm, like us, can help both the business owners and the lender navigate the situation most effectively. We hope you will ask us for references over our 35 years of service in the Los Angeles and Southern California area. For businesses outside the LA area, we have branches across the USA to provide liquidation services.
The liquidation.
When a business is unable to meet its financial obligations, the SBA may step in to recover the outstanding debt, which can result in the liquidation of the company’s assets.
The liquidation process typically begins with the appointment of a professional liquidation company like us who will be responsible for overseeing the sale of the business’s assets. This can include everything from inventory and equipment to intellectual property. The goal of the liquidation is to maximize the recovery of the outstanding loan balance, which is then distributed to the SBA and any other creditors.
We understand the situation is stressful.
We understand the liquidation of any business is stressful which is why we are often the choice of lenders. We are compassionate, professional, and always respectful of all parties. We understand that employees may lose their jobs, suppliers may be left unpaid, the local community may suffer, and of course the stress to the business owner can be intense.
The good news is that we have experience in liquidating a very wide range of businesses such as restaurants, bars, breweries, interior design firms, clothing shops, bathing suit shops, big box stores, gyms and fitness centers, banks, machine shops of all types, and even art galleries and museums, so all parties can have confidence that their assets will be marketed to bring qualified buyers to the table.
Come out stronger on the other side.
Ultimately, the goal of liquidating a business when the SBA loan goes into default is to minimize the impact on all parties involved and to maximize the value of the company’s assets. With careful planning and execution, it’s possible for the borrower to navigate this challenging situation and emerge from the experience strong and resilient. This is always our goal.
