7th Circuit Won’t Rehear Ruling Affirming CARES Act PPP Loan Forgiveness Denial

( September 30, 2026, 8:06 AM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals denied a petition for rehearing en banc of its ruling affirming a lower court’s grants of summary judgment in favor of the Small Business Administration (SBA) in three related cases; the Seventh Circuit previously held that the SBA’s Corporate Group Rule limiting the aggregate amount of Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act within a single corporate group was not improperly applied retroactively because loan forgiveness remained a future benefit....