Real Estate Developer Claims It Was Improperly Denied PPP Loan Forgiveness

Mealey's (November 21, 2022, 9:14 AM EST) -- HOUSTON — A real estate developer sued the Small Business Administration (SBA) and various federal government entities contending that the agency applied rules to deny the developer forgiveness for a Payroll Protection Program (PPP) loan that were in conflict with the stated intent of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide widespread loan eligibility and thus invalid under the Administrative Procedure Act (APA)....

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