Frillz, Inc. v. Lader
Court of Appeals for the First Circuit
1Opinion of the Court
SELYA, Circuit Judge.
Plaintiff-appellant Frillz, Inc., a Massachusetts corporation, seeks damages for breach of contract against Philip Lader, in his capacity as administrator of the federal Small Business Administration (SBA). The plaintiff bases its suit on the SBA’s alleged refusal to honor a loan guaranty commitment. The district court granted summary judgment for the SBA. We affirm. .
I
Background
In February 1993, Frillz asked the SBA to guaranty a proposed loan. Frillz contemplated that the loan would be made by Eastern Bank (the Lender) in the principal amount of $612,000. Of this amount…
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