Paycheck Protection Program Lawsuit
Post date
March 29, 2021
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AGC and the U.S. Small Business Administration (SBA) have agreed to formal discussions of a potential settlement of the lawsuit that AGC has brought against the Loan Necessity Questionnaire still burdening all applicants for forgiveness Paycheck Protection Program (PPP) loans of over $2 million. AGC has not, however, relinquished any of its rights to litigate the matter if negotiations do not bear fruit.
In the meantime, AGC recently learned that a construction contractor among the association’s members has won forgiveness of a PPP a loan over $2 million.