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REGAN v. U.S. SMALL BUSINESS ADMIN.

No. 90-8332.

926 F.2d 1078 (1991)

John P. REGAN, Jr., Lois P. Regan, Plaintiffs-Appellants, v. U.S. SMALL BUSINESS ADMINISTRATION, Trust Company Bank of Augusta f/k/a The First National Bank of Thomson, Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

Rehearing Denied April 19, 1991.

Attorney(s) appearing for the Case

Mark Thomas Salee, Atlanta, Ga., for plaintiffs-appellants.

Henry L. Whisenhunt, Jr., Asst. U.S. Atty., Augusta, Ga., for defendants-appellees.

Before FAY and JOHNSON, Circuit Judges, and PECK, Senior Circuit Judge.

JOHNSON, Circuit Judge:

This case arises on appeal from the district court's summary judgment in favor of defendant United States Small Business Administration ("SBA") against plaintiffs Lois B. Regan and John P. Regan.

I. STATEMENT OF THE CASE

A. Background Facts

On November 3, 1983, Trust Company Bank of Augusta ("the Bank")1 issued a loan for $80,000 ("the SBA loan") to Bishop Tile Company, Inc. (...

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