Court Rejects RRF Priorities

A panel of the U.S. Sixth Circuit Court of Appeals has ruled that the 21-day exclusive priority for businesses owned by a “woman, veteran and/or socially or economically disadvantaged individual” to apply for and access funds from the Restaurant Revitalization Fund (RRF) is unconstitutional. The Small Business Administration (SBA) officially opened the $29 billion RRF…

Read More »

SBA Exhausting PPP Funds

Although the Small Business Administration (SBA) is slated to continue taking applications for the popular Paycheck Protection Program until the end of this month, it appears the agency has exhausted its funds for most lenders.  The SBA acknowledged earlier this week that it was not accepting applications for new loans from most lenders – but…

Read More »