PPP Borrower Appeals SBA Denial Of Loan Forgiveness Based On Initial Ineligibility

(April 25, 2024, 2:04 PM EDT) -- 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 truck dealer on April 24 filed a notice of appeal to the Fifth Circuit U.S. Court of Appeals of a Texas federal judge’s rulings upholding the SBA’s decision and denying the dealer’s motion to alter or amend the opinion....