PPP Borrower Denied Loan Forgiveness Claims Error By Court, Seeks Reconsideration

(January 11, 2024, 2:59 PM EST) -- AMARILLO, Texas — In a lawsuit 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 dealer moved a Texas federal court to alter or amend its opinion and resulting judgment granting the SBA’s cross-motion for summary judgment, contending that the court misapplied established principles of administrative law and statutory interpretation....