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Capital Plus Financial Funding of PPP Loans Complaint

December 29, 2021

Many businesses were put under severe financial strain due to the Covid-19 pandemic. To help alleviate the situation, Congress passed the CARES Act, which, among other things, provided emergency help to small businesses, sole proprietorships, and nonprofits through the Paycheck Protection Program (PPP). But the complaint for this class action alleges that Capital Plus Financial, LLC (CPF) and its corporate parent, Crossroads Systems, Inc., took PPP applications and accepted PPP fees but did not dispense the actual PPP loans.

Case Event File: Capital Plus Financial Funding of PPP Loans Complaint

Related to: Capital Plus Financial Funding of PPP Loans Class Action