PPP Recipient Says SBA Exceeded Statutory Authority In Denying Loan Forgiveness

(June 20, 2023, 10:56 AM EDT) -- AMARILLO, Texas — In an action brought by a truck dealer against the federal government seeking forgiveness for a Paycheck Protection Program (PPP) loan, the dealer moved for summary judgment, contending that the Small Business Administration’s (SBA) decision that the dealer was not initially eligible for a PPP loan and thus ineligible for loan forgiveness exceeded and was contrary to its statutory authority....