SBA Loans

News & Articles
4 results:

Federal Oversight Officer Claims Adult Businesses 'Ineligible' for Relief Loans

The chief bureaucrat behind a new report from the U.S. Government Accountability Office (GAO), a federal oversight agency, has endorsed the controversial claim that “adult entertainment” businesses are “not allowed to be funded” under Small Business Administration (SBA) programs.

Strip Clubs Challenge 'Prurient' Loan Discrimination in Court

A group of strip club owners in Pennsylvania, California, New Jersey, South Carolina and Maryland are suing the federal Small Business Administration (SBA) in a Pennsylvania federal court over their discriminatory policy classifying sex-oriented businesses as “prurient” and preventing them from receiving COVID relief.

SBA Loans Expert Pens Op-Ed Against Arbitrary 'Prurient' Clause

Attorney Derek Adams, an expert on Small Business Administration (SBA) loans, has penned an op-ed arguing that the SBA “can and should refrain from applying its ineligibility rules" — including the so-called “prurient clause” that discriminates against sexually oriented businesses — at the time of loan forgiveness.

Judge: Wisconsin Strip Club Owners Eligible for SBA Loans

A U.S. District Judge issued her opinion that four Wisconsin strip clubs should be eligible to receive COVID-19 emergency loans through the Small Business Administration (SBA)’s Paycheck Protection Program.