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Bankrupt Dioceses Sue SBA for Loan Access

Two Catholic dioceses have filed suit against the Small Business Administration (SBA), claiming they were wrongfully denied access to emergency loans during the pandemic because of their bankruptcy status.

The New York dioceses of Rochester and Buffalo said they “will suffer immediate and irreparable harm” from being disqualified from emergency loans under the Paycheck Protection Program (PPP), in a lawsuit filed in federal court on April 15.

The $349 billion in emergency loans were part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by President Trump on March 27.

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