Hall & Hall

Contracts; privity of contract. — Plaintiffs were engaged by Raymond Williams to build a meat packing plant, Williams having entered into a loan agreement with Small Business Administration for this purpose. After perform-*1108anee started, SBA cancelled remaining disbursements from the loan proceeds. Plaintiffs contend that cancellation of the loan gives them a cause of action against the United States for the costs they incurred on the project to the date of cancellation, that SBA guaranteed Williams’ performance of the .Contract, that plaintiffs are third-party beneficiaries of the loan…