( July 18, 2025, 11:20 AM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel affirmed the judgment of a Louisiana federal court, which granted summary judgment in favor of the Small Business Administration (SBA) in a case challenging the SBA’s refusal to forgive a portion of a Paycheck Protection Program (PPP) loan amount that had been based on money the loan recipient paid to its independent contractors the year before the COVID-19 pandemic....