Copake Lake Development Corp. v. United States Government

MEMORANDUM AND ORDER

NEAHER, District Judge.

On August 16, 1973, plaintiff applied to the New York District Office of the Small Business Administration (“SBA”) for a disaster loan after severe storms had caused extensive flash floods in the area of Craryville, «New York, the location of plaintiff’s real property. Plaintiff applied for a loan in the amount of $784,000.00 pursuant to 15 U.S.C. Sec. 636 et seq. After an appraisal of the flood damage, the SBA approved a loan of $50,000.00 on January 31, 1974.

During the summer of 1974, plaintiff made a request to the SBA for an increase in the…