MN Senator Nienow Faces Lawsuit Over Federal Loan

Sunday, January 19th, 2014 at 12:12 pm

Minnesota Republican Sen. Sean Nienow and his wife, Cynthia, are facing a federal lawsuit which claims the couple failed to make payments over the last three years on a business loan from the SBA.

Nienow, a Cambridge native representing District 32, allegedly owes over $747,937 on a 2009 business loan the couple took out with the Small Business Administration (SBA), originally worth $613,000.

The allegations were made Friday afternoon by the U.S. Attorney’s Office in Minneapolis.

The suit reads “The defendants ceased making payments on or about July 28, 2010, and the Note has not been repaid. Defendants have defaulted under the terms and conditions of the Note by failing to repay said Note”.

The Nienows allegedly borrowed $613,000 money for their business organization, the National Camp Association, Inc. Nienow was described as CEO of the association, which was founded in 2008 and dissolved in 2012.

The Star Tribune says the association is listed on the Minnesota secretary of state’s website at the ­Nienows’ home address in ­Cambridge. The association was also technically sued.

The Star Tribune adds the Nienows did not respond to any phone calls, texts or e-mail on Friday.

1 Comment

  1. Jull 01/29/14 at 4:28pm

    I wonder what have they counted for, did they really believe dissolving of the company will help avoid covering the debt? They should have realized that business loan is rather a serious obligation and will not disappear, even short term help, offered by companies like PersonalMoneyService, entail fees and charges when failed to be paid back.

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