CHARLESTON — A company is suing a borrower, alleging a commercial microloan has not been paid back.
Kanawha Institute for Social Research and Action Inc. filed a complaint in Kanawha Circuit Court against CT. Arnold Enterprises Inc., dba AAMCO Transmissions & Total Car Care, Clinton Arnold and Trina Arnold.
The suit states the plaintiff and defendant entered into a microloan agreement on Sept. 16, 2016 for the amount of $50,000. The defendant has allegedly failed to pay back the loan completely and now owes the plaintiff $37,524.89 plus interest.
The defendant is accused of breach of contract and sums due.
The plaintiff is seeking all reasonable sums due, attorney fees and court costs. The plaintiff is represented by Sandra Henson Kinney of Henson Kinney Law in Charleston.
The case has been assigned to Judge Tod Kaufman.
Kanawha Circuit Court case number 19-C-121