MARSHALL v. PRESTAMOS CDFI, LLC

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA __________________________________________ ALICIA MARSHALL, et al., : Plaintiffs, : : v. : Civil No. 5:21-cv-04337-JMG : PRESTAMOS CDFI, LLC, : Defendant. : __________________________________________ MEMORANDUM OPINION GALLAGHER, J. March 30, 2023 I. OVERVIEW Plaintiffs, sole proprietors, allege Defendant Prestamos, a private lender authorized to disburse Paycheck Protection Program (“PPP”) loans under the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), accepted and agreed to fund their SBA-approved…