Piatkowski v. Ralph D. Kaiser Co.

*1016This appeal stems from an agreement to lend sums of money to individual borrowers for business purposes at a rate of interest greater than the legal rate. The question presented is whether the defense of usury was applicable to these business loans. We conclude that it was not and affirm.

Seeking statutory relief from usurious transactions, the borrowers, Louis K. Piatkowski and Lori J. Piatkowski, his wife, residential property owners in Fairfax County, filed a bill of complaint against the lender Ralph D. Kaiser Company, Inc., and Mark B. Sandground and James B. Lockwood, Jr., trustees in…