07Oct
SBA Issues Guidance For Ownership Changes Under PPP
Businesses contemplating mergers and/or acquisitions (M&A) during this worldwide pandemic have wrestled with the question of how to treat a target company that reveals an outstanding Paycheck Protection Program (PPP) loan on its books. The promissory note with the PPP lender may have a provision deeming the borrower to be in default if it changes ownership or business structure, or sells its assets, without the lender’s prior written consent......
By:
Husch Blackwell LLP
Source Url: https://www.jdsupra.com/legalnews/sba-issues-guidance-for-ownership-95861/
Related
In the United States, despite requesting additional time to review pending mergers, the US antitrust...
Read More >
McDermott was delighted to partner with the BVCA (British Venture Capital Association) on its recent...
Read More >
Already a tough place for employers, New Jersey may be about to get even tougher. The Garden State i...
Read More >
On March 31, 2020, Governor Baker issued an order extending his March 23rd emergency order temporari...
Read More >
The National Labor Relations Board recently held that a group of employees who were advocating on be...
Read More >
Citing shortcomings in Federal anti-discrimination law, a growing number of state and local legislat...
Read More >