07Oct
The October 2, 2020 SBA Procedural Notice: Change of Ownership Transactions Involving PPP Borrowers
On October 2, 2020, the U.S. Small Business Administration (SBA) released a Procedural Notice providing guidance addressed to Paycheck Protection Program (PPP) lenders and SBA employees as to the circumstances under which prior SBA approval is required before a borrower of a PPP loan undergoes a change of ownership......
By:
Sheppard Mullin Richter & Hampton LLP
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