SBA Argues It Can Deny PPP Loan Forgiveness If Borrower Was Never Eligible For Loan

(October 12, 2023, 1:17 PM EDT) -- AMARILLO, Texas — In an action brought by a truck dealer against the federal government challenging the Small Business Administration’s (SBA) determination that the dealer was not initially eligible for a Paycheck Protection Program (PPP) loan and thus ineligible for loan forgiveness, the federal government defendants cross-moved for summary judgment while at the same filing their response to the dealer’s prior motion for summary judgment....