X
06Oct

Paycheck Protection Program Update: New SBA Guidance Impacting M&A Activity

The Small Business Administration’s latest guidance tells PPP lenders under what conditions they may approve changes of ownership involving PPP borrowers. Standard PPP loan paperwork has required PPP borrowers to seek consent from their lenders prior to effecting a “change of ownership.” PPP lenders require this consent because they, in turn, are required to report such events to SBA....
By: Pillsbury Winthrop Shaw Pittman LLP
Source Url: https://www.jdsupra.com/legalnews/paycheck-protection-program-update-new-65946/

Related

SEC Adopts Amendments to Improve Financial Disclosures About Acquisitions and Dispositions of Businesses

On May 21, 2020, the Securities and Exchange Commission announced rule and form amendments that will...

Read More >

Paid Family Medical Leave Amendments and Draft Rules Highlight Supplemental Benefit Options for Employers

In April 2019, Governor Jay Inslee signed SHB 1399, which amended the Washington Paid Family Medical...

Read More >

2019 Case Law Update: Denial of Compensability of Short-Term Respiratory Exposure Claim

On October 17, 2019, the Florida First District Court of Appeal addressed whether the Judge of Compe...

Read More >

Delaware Court of Chancery Strictly Construes Shareholder Representative Provision, Complicating Discovery from Shareholders

Following a recent Delaware case, buyers in M&A deals should ensure that their purchase agreements a...

Read More >

What Dealerships Need To Know About Website Accessibility Lawsuits

In a recent web alert, we discussed the compliance challenges that many dealerships face when dealin...

Read More >

That 401(k) National Conference, March 10-11, 2020, Agenda Items

Here is a list of the planned agenda items for That 401(k) National Conference on March 10-11, 2020....

Read More >