Matas v. Binghamton Savings Bank

Peters, J. Appeal from an order of the Supreme Court (Relihan, Jr., J.), entered November 9, 1995 *546in Tompkins County, which denied defendant’s motion for summary judgment.

In September 1993, Sight & Sound, Inc. (hereinafter Sight & Sound), a newly formed domestic corporation specializing in the retail sale of audio/visual equipment, applied for a $90,000 start up loan from defendant. Defendant sought to have this loan processed through a loan guarantee program of the United States Small Business Administration (hereinafter SBA). Upon the issuance of the loan commitment by defendant to Sight &…