PPP Loan Recipient Claims It Was Wrongly Denied Forgiveness Because Of Owner’s DUI

(October 5, 2022, 10:50 AM EDT) -- FORT WORTH, Texas — A Paycheck Protection Program (PPP) loan recipient says in a complaint filed in a Texas federal court that the effective interim final rule of the Small Business Administration (SBA) governing whether PPP loans were eligible for forgiveness should not have disqualified the recipient from loan forgiveness because its owner was on probation for a DUI that occurred 10 years ago, arguing that the probationary status restriction had been modified by later rules that were intended to be retroactive....

Attached Documents

Related Sections