United States of America and Small Business Administration v. Capital Assistance Corporation

ORDER OF AFFIRMANCE

This appeal was taken from a judgment and order of the district court in an action by the appellee Small Business Administration to foreclose on an overdue note of appellant Capital Assistance Corporation and to be appointed receiver. The district court granted summarily the relief sought and dismissed the counterclaim.

We affirm.

The district court found and it is admitted by the appellant Capital Assistance Corporation that the loan was overdue and unpaid, but it is argued that refusal to renew the loan was arbitrary and that the government is estopped from claiming that…