Lieff Cabraser is actively investigating emerging complaints from small businesses concerning allegations of lender unfairness in the processing and extension of Paycheck Protection loans in the wake of the nationwide Coronavirus lockdown and other COVID-19 response measures affecting American businesses and workers nationwide.
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under the Paycheck Protection Program of the CARES Act, the Small Business Administration will guaranty 75% to 85% of unsecured loans to qualifying businesses made by private banks. So far, the Paycheck Protection program will provide for $349 billion to support loans to a broad swath of small businesses across the U.S.
Contact a Lawyer at Lieff Cabraser Today
If you believe your business is experiencing unfair or inequitable treatment relating to a Paycheck Protection loan, we urge you to contact us today about your potential recovery via the legal process. There is no charge or obligation for our review of your case, and any information you provide will be held with paramount confidentiality. Call us today at 1 800 541-7358 or use the form below.