06Oct
SBA Guidance on Changes in Ownership of PPP Loan Borrowers
On Friday, October 2, 2020, the Small Business Administration (“SBA”) issued a Procedural Notice (the “Notice”) providing guidance on the notification and consent requirements for changes in ownership of borrowers of Paycheck Protection Program (“PPP”) loans. While the SBA’s Standard Operating Procedures for 7(a) loans requires lenders to obtain SBA consent before the lender approves a change in ownership of any PPP borrower, the details surrounding the SBA consent process and when it applies...
By:
Foley & Lardner LLP
Related
New USDOL Wage Hour Administrator Issues Opinion Letter Finding Paralegals Can Be Exempt: A New Day ...
Read More >
Employer Failed to Take Appropriate Action Despite Criminal Report of Assault, Federal Agency Charge...
Read More >
Leading Retailer Failed to Reasonably Accommodate Deaf Employees Federal Agency Charged - WASHINGT...
Read More >
A common feature of some contracts, including construction and design contracts, is a limitation of ...
Read More >
World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers mor...
Read More >
SEXUAL HARASSMENT IN THE WORKPLACE: WHAT US: MULTI-STATE COMPANIES NEED TO KNOW - We include the 20...
Read More >