Judge: SBA Properly Denied Loan Forgiveness To PPP Borrower Not Initially Eligible

(February 28, 2024, 1:30 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, a Texas federal judge on Feb. 27 denied the dealer’s motion to alter or amend his opinion upholding the SBA’s decisions, ruling that the SBA’s loan review process “protects taxpayers from footing the bill for loans issued to ineligible parties” and that the SBA was authorized to enact that process....