06Oct
SBA Consent Requirements for M&A Transactions with PPP Loans
On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) which established, among other things, the Paycheck Protection Program (PPP). Under the PPP, the SBA guaranteed loans (PPP Loans) made by SBA Lenders (PPP Lenders) to small and medium-sized businesses (typically, those with 500 or fewer employees). Businesses that obtained PPP Loans (PPP Borrowers) were required to make numerous certifications regarding eligibility to participate in the program,...
By:
Katten Muchin Rosenman LLP
Related
The EAT upheld an Employment Tribunal (ET) decision that the dismissal of a Probation Service Office...
Read More >
On March 6, 2020, President Trump issued an Executive Order (“EO”) instructing the Chinese company...
Read More >
The Legislative Assembly approved a reform to several provisions of the General Law of Concession of...
Read More >
The Alabama Department of Environmental Management (“ADEM”) and Martin-Aycock Properties, LLC, (“...
Read More >
In welcome news to employers, the National Labor Relations Board (NLRB) issued a decision on Decembe...
Read More >
INTRODUCTION - This week, new regulations promulgated by the U.S. Department of the Treasury (the T...
Read More >