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 #MeToo Movement, now in its third year, continued its evolution from grassroots activism to legi...
Read More >
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the...
Read More >
Pursuant to its update issued March 31, 2020, the Commonwealth has revised the “COVID-19 Essential ...
Read More >
Employers recently received a favorable ruling when a federal district court in Wisconsin held that ...
Read More >
Effective January 1, 2020, employers may put aside pre-tax funds into a health reimbursement arrange...
Read More >
On September 18, 2019, California Governor Newsom signed Assembly Bill 5 (AB-5), a landmark piece of...
Read More >