Description:

About the role:
We are seeking an experienced Senior Associate to represent and advocate for business owners facing SBA loan defaults and other distressed debt situations. The ideal candidate will have substantial experience helping businesses navigate loan defaults, collections, loan workouts, settlements, and related debt resolution matters.

This position may be filled at varying attorney levels based on experience, qualifications, and demonstrated expertise.

This role focuses on protecting client interests, negotiating favorable outcomes, and guiding borrowers through complex financial and legal challenges.

Key Responsibilities:

Represent borrowers and guarantors facing SBA loan defaults and collection actions.
Advise clients regarding commercial loan obligations.
Prepare and negotiate Offers in Compromise (OICs).
Develop customized debt resolution and settlement strategies.
Negotiate directly with lenders, loan servicers, collection agencies, the SBA, and the U.S. Treasury.
Assist clients with loan workout agreements, modifications, restructurings, and repayment plans.
Counsel clients regarding personal guaranties and liability exposure.
Collaborate with financial advisors, accountants, and consultants to support client resolutions.
Analyze financial records and prepare supporting documentation for settlement and hardship requests.
Stay current on collection procedures and borrower relief options.

Required Qualifications:

Juris Doctor (JD) from an accredited law school.
Active license to practice law in Michigan.
Experience in representing borrowers in default, commercial debt, bankruptcy, creditor-debtor, or loan workout matters.
Commercial debt settlements
Loan modifications and workouts
Collection defense
Personal guaranty liability matters
Strong negotiation and client advocacy skills.
Excellent written and verbal communication abilities.

Preferred Qualifications:

SBA-specific experience, particularly involving:
SBA 7(a) loans
EIDL loans
SBA 504 loans
Treasury collections
Wage garnishment and federal offset issues
Experience working with entrepreneurs, small business owners, and professional service firms.
Background in debt resolution, restructuring, or financial hardship matters.

Ideal Candidate:
The successful candidate will be compassionate, strategic, and solution-oriented, with a proven ability to help clients navigate highly stressful financial situations. They will have a strong track record of negotiating favorable settlements and helping borrowers achieve practical, cost-effective resolutions.