Rehab Centers Appeal PPP Loan Forgiveness Denial Based On Corporate Group Limit

( March 3, 2025, 9:17 AM EST) -- CHICAGO — Three rehabilitation centers filed a joint appeal to the Seventh Circuit U.S. Court of Appeals seeking review of grants of summary judgment in favor of the Small Business Administration (SBA) by an Illinois federal court that in three separate but related cases ruled that the SBA was statutorily authorized to create eligibility limits for Paycheck Protection Program (PPP) loans and thus was entitled to deny PPP loan forgiveness because the centers’ corporate group had borrowed the maximum available to a single group....