Stay Granted In Lawsuit Seeking Final Determination On PPP Loan Forgiveness

( May 2, 2025, 12:47 PM EDT) -- FORT WORTH, Texas — In a lawsuit by a Paycheck Protection Program (PPP) recipient alleging wrongdoing on the part of the lender in arranging the loan and partly denying loan forgiveness and seeking a final determination on forgiveness from the Small Business Administration (SBA), a Texas federal court on May 1 granted the government’s motion for a 60-day stay to allow it to arrive at a final determination on the loan....