Fifth Third Bank v. Schoessler's Supply Room, L.L.C.

Powell, Judge.

{¶ 1} Defendant-appellant, Schoessler’s Supply Room, L.L.C. (“SSR”), appeals the Warren County Court of Common Pleas decision denying SSR relief from both a cognovit judgment and a default judgment in favor of plaintiff-appellee, Fifth Third Bank.

{¶ 2} On January 13, 2006, SSR executed two Small Business Administration notes and a security agreement in favor of Fifth Third. The first note (Note 42) represented a $125,000 revolving line of credit. Note 42 was due and payable on January 13, 2007, although it contained a discretional annual renewal provision. The second note (Note…