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What is Pittsburgh National Bank v. SBA Appeal about?

This document summarizes a court case between Pittsburgh National Bank (PNB) and the Small Business Administration (SBA). PNB entered into an agreement with SBA where SBA would guarantee loans made by PNB to small businesses. PNB made two loans to a company that later filed for bankruptcy. PNB received a check for one of the loans but delayed cashing it, which SBA alleged was a breach of their agreement. The district court found PNB was not prudent in its delay but still awarded judgment to PNB for a redu

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Scribd Government Docs

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