Ayar Law Adds SBA Loan Default and Debt Resolution Services Led by Tax Attorney Venar Ayar
The firm now helps business owners resolve defaulted SBA 7(a), 504, and EIDL loans and manage the tax consequences that
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The firm now helps business owners resolve defaulted SBA 7(a), 504, and EIDL loans and manage the tax consequences that follow.
FARMINGTON HILLS, MI / ACCESS Newswire / October 8, 2026 / Ayar Law, a firm dedicated to resolving federal and state tax collection, audit, and criminal matters, has added SBA debt resolution to its services. Led by founder Venar Ayar, the practice represents business owners in default on SBA 7(a), 504, and Economic Injury Disaster Loans (EIDL), from early negotiations with the lender through collection by the U.S. Department of the Treasury.
When a business defaults on an SBA loan, the debt may be charged off and referred to the Treasury’s Bureau of the Fiscal Service for collection. Owners who signed personal guarantees can have their own assets exposed, and any balance that is forgiven may create taxable cancellation-of-debt income. Ayar Law’s SBA debt resolution services include:
SBA loan workout negotiations: modified terms, structured repayment, or settlement for 7(a), 504, and EIDL loans while the debt is still with the lender or in early collections, before Treasury referral.
SBA Offer in Compromise: settling the balance for less than the amount owed, including collateral liquidation and documentation of inability to pay.
Treasury Repayment Agreements: structured payment plans based on documented financial capacity after the debt is referred to Treasury.
Treasury Offer in Compromise: settlement for less than the full amount owed at the Treasury level.
Hardship status: suspension of active enforcement for borrowers with no realistic ability to repay.
Personal guarantee protection: limiting personal asset exposure and coordinating with any parallel IRS collection activity.
Tax consequence protection: managing cancellation-of-debt income, IRS filings, and payroll tax defense where applicable.
Each engagement follows three steps: a full review of the loan documents, collection status, personal guarantee terms, and IRS exposure; a resolution plan matched to the owner’s finances and tax position; and analysis of the tax consequences of whatever settlement is reached.
Business owners can learn more at https://ayarlaw.com/sba-loan-default-attorney or by calling the firm’s Farmington Hills office at (248) 262-3400 or its Grand Rapids office at (616) 244-2444.
About Ayar Law
Ayar Law is a tax law firm dedicated to resolving serious tax problems for individuals and businesses. The firm’s attorneys provide expert legal guidance and representation in cases involving audits, collections, criminal tax defense, tax court litigation, SBA loan default and debt resolution, and appeals before the IRS and Michigan Department of Treasury. For more information, visit https://ayarlaw.com.
Media Contact
Benjamin Albrecht (602) 235-0371 ba@bpagency.us
SOURCE: Ayar Law
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