Event Brief
East TN Company to Repay $2.5M Over PPP Loan
Filed: Apr 16, 2026 at 4:00 PM ET
Summary: Takahata Precision Tennessee, Inc. will pay $2.5M to settle a lawsuit over an ineligible COVID-era federal loan.
WHO: Takahata Precision Tennessee, Inc.
WHAT: Settlement of lawsuit regarding ineligible PPP loan
WHEN: Apr 16, 2026 at 3:33 PM ET
WHERE: Scott County, TN
WHY: The company allegedly obtained a COVID-era federal loan it was not eligible for.
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