06Oct
New PPP Rules Governing M&A Transactions
The Small Business Administration issued long-awaited rules governing lender and borrower obligations when there is a change in ownership of an entity that has received a Paycheck Protection Program (“PPP”) loan. The new guidance, issued on October 2, 2020, eliminates the need for SBA approval for many merger or sale transactions, but injects a host of additional procedural and compliance requirements—including that the outstanding balance of the PPP loan be placed in escrow—that could create...
By:
Bracewell LLP
Related
Introduction - Owners and contractors involved in large-scale energy and manufacturing projects fac...
Read More >
It's no secret – protected conversation potentially admissible - The EAT decided in Harrison v Ary...
Read More >
As Oregon’s 2019 legislative session drew to a close, the legislature added new requirements for em...
Read More >
More and more buyers are using representation and warranty insurance (RWI) to supplement or replace ...
Read More >
On September 24, 2019, the U.S. Department of Labor published final regulations under the Fair Labor...
Read More >
A corporation may not deduct previously capitalized costs that facilitated an initial public offerin...
Read More >