UNITED STATES v. BOB STOFER OLDSMOBILE-CADILLAC

No. 84-2325.

766 F.2d 1147 (1985)

UNITED STATES of America, Plaintiff-Appellee, v. BOB STOFER OLDSMOBILE-CADILLAC, INC., Jack W. Graham, First National Bank of Effingham as Trustee of Trust No. 221, Sam P. Sgro, and Bernard O. Nelson, and Washington Savings & Loan Association, Defendants, Robert H. Stofer and Marcia I. Stofer, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided July 10, 1985.


Attorney(s) appearing for the Case

Bruce E. Reppert, Asst. U.S. Atty., East St. Louis, Ill., for plaintiff-appellee.

Guy E. McGaughey, Jr., McGaughey & McGaughey, Lawrenceville, Ill., for defendants.

Before BAUER and POSNER, Circuit Judges, and PECK, Senior Circuit Judge.


JOHN W. PECK, Senior Circuit Judge.

This case is before the court upon an appeal from the order of the district court granting summary judgment to the United States. For the reasons set forth below, we affirm.

Appellants Robert Stofer and Marcia Stofer ("the Stofers") were the sole shareholders of Bob Stofer Oldsmobile-Cadillac, Inc. in Effingham, Illinois, a General Motors Corporation ("GM") franchise. In October 1980, the Small Business Administration

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