SBA Within Statutory Authority To Set Corporate Limits On PPP Loan Disbursements

( January 21, 2025, 9:58 AM EST) -- CHICAGO — Ruling that the Small Business Administration (SBA) was statutorily authorized to create eligibility limits for Paycheck Protection Program (PPP) loans, an Illinois federal judge granted the SBA’s motion for summary judgment in a lawsuit by a rehabilitation center seeking PPP loan forgiveness and denied the center’s motion for summary judgment and its motion for an interlocutory order compelling reimbursement of loan funds that were recouped by the government....