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
We are living in volatile times. As a consequence of the COVID-19 virus, our equity and high-yield m...
Read More >
The Relationship Between Sickness and Paid Holiday Leave to Suspend the Period of Retention of Emplo...
Read More >
On June 12, 2019, the New York State Department of Environmental Conservation (NYSDEC) announced tha...
Read More >
I recently wrote about the outcomes of our most recent 30 law firm merger & acquisition projects wit...
Read More >
Since first issuing declarations of emergency in early March, the Governors of New York, New Jersey ...
Read More >
Seyfarth Synopsis: In acquiring a company in bankruptcy, there is often a tendency to think this gua...
Read More >