California law firm Tauler Smith LLP is representing small businesses that did not obtain funding through the Payment Protection Program (PPP). These PPP loans were intended to benefit small businesses impacted by COVID-19, but many small business owners did not receive the funds they were promised. If you were denied a PPP loan, our experienced business fraud attorneys can help you file a lawsuit.
Small Businesses Denied PPP Loans May Be Able to Sue
The U.S. Small Business Administration (SBA) was supposed to distribute PPP loans to small businesses who needed the funds to cover payroll and avoid layoffs during the coronavirus pandemic. These loans had favorable terms, and they were administered by the government and banking institutions under the CARES Act. On April 16, 2020, the government announced that the program ran out of funding. In some cases, this was due to fraud by the financial institutions that were processing the loans.
Contact the California Business Fraud Attorneys at Tauler Smith LLP
If you are a small business owner who applied for PPP funding through a lender and have been denied funding, you may have standing to file a lawsuit to obtain the funding that was promised. To learn more about potentially being a plaintiff in class action litigation, fill out the questionnaire below. A member of our team will then contact you. (The information you provide below is confidential and will not be shared with anyone outside Tauler Smith LLP without your prior consent.)