Paycheck Protection Program application. Credit: G.Tbov/Shutterstock.com Mid Penn Bank Alleges Hotel Lied on PPP Application About Prior SBA Loan Default
This complaint was first surfaced by Law.com Radar.
June 15, 2023 at 05:08 PM
4 minute read
Mid Penn Bank filed breach of contract lawsuit against Prince Preferred Hotels Natchez's application for a Paycheck Protection Program (PPP) loan after the defendant allegedly failed to disclose that it defaulted on a Small Business Administration loan within the past seven years.
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