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CALIFORNIA PACIFIC BANK v. SMALL BUSINESS ADMIN.

No. 75-2246.

557 F.2d 218 (1977)

CALIFORNIA PACIFIC BANK, a California Banking Corporation, Appellant, v. SMALL BUSINESS ADMINISTRATION, an agency of the United States government, Appellee.

United States Court of Appeals, Ninth Circuit.

July 13, 1977.

Attorney(s) appearing for the Case

John P. Moffitt, argued, Jackson & Goodstein, Los Angeles, Cal., for appellant.

Matthew A. Schumacher, argued, Asst. U. S. Atty., Los Angeles, Cal., for appellee.

Before HUFSTEDLER, GOODWIN and ANDERSON, Circuit Judges.

GOODWIN, Circuit Judge:

The California Pacific Bank (hereinafter "the Bank") appeals from summary judgment for the Small Business Administration (SBA) in a dispute arising out of loans to four small businesses made by the Bank and guaranteed by the SBA.

The SBA is empowered to make business loans either directly or through selected lending institutions. 15 U.S.C. § 636(a) (1970). The latter type of loan is made on either an "immediate" or "deferred" participation...

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