PPP Loan Recipient: No Factual Issue That Loan Forgiveness Denied Improperly

(October 19, 2023, 8:15 AM EDT) -- CHICAGO — A Paycheck Protection Program (PPP) loan recipient that was denied eligibility for loan forgiveness because of the nature of its business moved for summary judgment in its lawsuit against the Small Business Administration (SBA), contending that there was no question of material fact that the SBA applied an interim final rule to deny forgiveness that was in contravention of the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, under which the PPP was created....