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Home / Opinion Digests / Bank didn’t properly process PPP loan application (access required)

Bank didn’t properly process PPP loan application (access required)

Where a company alleged a bank failed to properly process its application for a second-round loan pursuant to the government’s paycheck protection program, or PPP, resulting in the company not receiving “nearly $1 million in PPP money that would have been forgiven,” its breach of contract claim survived the bank’s motion to dismiss. Background The allegations of ...