United States Court of Appeals
                                 FOR THE EIGHTH CIRCUIT
                                       ___________

                                       No. 98-2283
                                       ___________

United States of America,                   *
                                            *
         Plaintiff - Appellee,              *
                                            * Appeal from the United States
         v.                                 * District Court for the
                                            * District of North Dakota.
Raymond F. Zent,                            *
                                            *
         Defendant - Appellant.             * [UNPUBLISHED]
                                            *
                                            *
                                       ___________

                                  Submitted: March 8, 1999
                                  Filed:      June 10, 1999
                                         ___________

Before BEAM and HEANEY, Circuit Judges, and GOLDBERG,1 Judge.
                            ___________

PER CURIAM.

       Raymond Zent appeals from a final order entered in the United States District
     2
Court for the District of North Dakota granting summary judgment to the United
States in an action to enforce a promissory note executed by appellant and delivered

         1
       The Honorable Richard W. Goldberg, Judge, United States Court of
International Trade, sitting by designation.
         2
        The Honorable Patrick A. Conmy, District Judge, United States District Court
for the District of North Dakota.
to the Small Business Administration (“SBA”). Appellant executed and delivered
the promissory note to the SBA in November, 1981, wherein he promised to pay the
agency $119,000 plus interest for outstanding loan obligations. Appellant contested
the government’s motion for summary judgment and filed his own cross-motion for
summary judgment, contending that in September, 1994, he and a non-supervisory
loan specialist from the SBA entered a compromise agreement that discharged
appellant’s obligations under the 1981 promissory note. In March, 1998, the district
court entered its order, granting summary judgment in favor of the government and
finding appellant liable for the outstanding balance of the $119,000 promissory note.
On appeal, appellant claims the district court erred when it granted summary
judgment because there is a genuine issue of material fact.

       Having carefully reviewed the record and the applicable legal principles, we
find no error in the district court’s disposition of this matter. In particular,
appellant’s assertion that a genuine issue of material fact exists boils down to mere
speculation. Appellant points to gaps in the record and postulates that perhaps
approval for the debt forgiveness was achieved through the proper channels. This
alleged factual dispute consists only of conjecture and is insufficient to avoid
summary judgment. See Colonial Ins. Co. of California v. Spirco Env. Inc., 

, 563 (8th Cir. 1998). Moreover, the non-supervisory loan specialist only
had general authority to service the debt, including the deferral and restructuring of
payment dates. See 13 C.F.R. § 101.3-2, Part IV, Section A(3) (1994). The loan
specialist had no actual authority to extinguish the debt. The SBA regulations make
clear that “[n]o authority has been delegated within SBA to take final action in
compromise settlement of any Agency claim except through the established [SBA]
Claims Review Committee.” 13 C.F.R. § 101.3-2, Part V (1994). Thus, only the
SBA Claims Review Committee had the authority to release appellant from his
obligation to repay the debt. The record is devoid of any evidence suggesting that a
request to write off the note was presented to the Committee or that the Committee


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took action to release appellant from his obligation to pay the note. Accordingly,
we affirm the judgment of the district court. See 8th Cir. R. 47(B).

A true copy.

  ATTEST:

               CLERK, U.S. COURT OF APPEALS, EIGHTH CIRCUIT.




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