CHARLOTTE, N.C. (WBTV) – A Charlotte accounting firm filed a class-action lawsuit against some of the country’s biggest banks, including Bank of America.
They claim, that after helping small businesses apply for PPP loans, the banks are refusing to pay their fees.
More than 4 million PPP loans have been administered nationwide and many of them to Charlotte businesses.
But many of those small businesses could never have applied for these PPP successfully without the help of an accounting firm acting as an agent.
“They’re the only way these businesses were going to get these loans,” attorney Michael Adler told WBTV.
Attorneys Michael Adler and Ryan Langley have filed lawsuits on behalf of these accounting firms, including one in Charlotte, against some of the biggest banks in the country, including Bank of America.