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WRIGHT CARRIAGE CO. v. BUSINESS DEVELOP. CORP.

No. A95A2350.

471 S.E.2d 218 (1996)

221 Ga. App. 49

WRIGHT CARRIAGE COMPANY et al. v. BUSINESS DEVELOPMENT CORPORATION OF GEORGIA, INC.

Court of Appeals of Georgia.

Reconsideration Denied March 29, 1996.

Certiorari Denied June 24, 1996.

Attorney(s) appearing for the Case

Lamar, Archer & Cofrin, Robert C. Lamar, David W. Davenport, Atlanta, for appellants.

Alston & Bird, Ben F. Johnson III, Rebecca M. Lamberth, Atlanta, for appellee.

BEASLEY, Chief Judge.

The Wright Carriage Company began its business operations in 1983, producing conversion vans and other customized vehicles. Over the course of four years beginning in 1985, it obtained three loans from The Business Development Corporation of Georgia ("BDC"), and its president obtained a fourth loan, the proceeds of which were applied to the business. The president and her husband, who was the general manager and corporate secretary of the company...

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