Florida business in bankruptcy can’t get PPP loan, appeal court rules

A three-judge panel of the 11th U.S. Circuit Court of Appeals on Tuesday overturned a decision by U.S. Bankruptcy Judge Michael Williamson, who sided with Gateway Radiology Consultants, a Pinellas County medical practice that filed for Chapter 11 bankruptcy in 2019 and sought a $527,710 loan under PPP, part of the CARES Act approved by Congress in response to the coronavirus pandemic.