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MISSION TRACE INVESTMENTS, LTD. v. SMALL BUSINESS ADMIN.

Civ. A. No. 83-C-1982.

622 F.Supp. 687 (1985)

MISSION TRACE INVESTMENTS, LTD., a Colorado limited partnership, Plaintiff, v. The SMALL BUSINESS ADMINISTRATION, an agency of the United States Government; and James C. Sanders, Administrator, Defendants.

United States District Court, D. Colorado.

November 12, 1985.

Attorney(s) appearing for the Case

Brian Magoon, Steven Lass, Englewood, Colo., for plaintiff.

Colleen Conlin, Asst. U.S. Atty., for defendants.

MEMORANDUM OPINION AND ORDER

CARRIGAN, District Judge.

Plaintiff Mission Trace Investments, Ltd., (Mission) filed a complaint for damages and declaratory relief against the defendants Small Business Administration (SBA) and James C. Sanders, SBA Administrator. The complaint alleged that the SBA wrongfully had denied Mission's application for a loan guarantee, and asserted two primary grounds for relief: (1) that promissory estoppel precluded the SBA from...

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