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
Source Url: https://www.jdsupra.com/legalnews/sba-consent-requirements-for-m-a-35509/
Related
This installment of our National P3 Update focuses on transportation. While the transportation sect...
Read More >
Chicago’s Fair Workweek Ordinance imposes a sweeping, predictive scheduling obligation on employers...
Read More >
The Background: An insurgent won control of the board of directors of EQT Corporation in a proxy con...
Read More >
The cities of Austin, Dallas and San Antonio have passed ordinances that require employers to provid...
Read More >
On Tuesday, February 11, 2020, the Equal Employment Opportunity Commission filed a complaint against...
Read More >
On October 13, 2019, California Governor Gavin Newsom signed into law Assembly Bill 51 (“AB 51”). ...
Read More >