08Oct
SBA Issues Guidance on Change of Ownership for PPP Borrowers
On Friday, October 2, 2020, the Small Business Administration (SBA) issued a Procedural Notice (the "Notice") explaining required procedures when an entity that has received a Paycheck Protection Program loan (a "PPP Borrower") experiences a change in ownership. In particular, the Notice sets forth the circumstances in which SBA consent is required prior to a change in ownership and the steps PPP Borrowers and lenders must take to avoid defaulting on PPP loans as a result of a change in...
By:
Varnum LLP
Related
This edition provides an overview of key regulatory developments in the past three months relevant t...
Read More >
On August 12, Baker Donelson’s Clinton Sanko sat down with Hal Brooks, CEO of HaystackID, and Andre...
Read More >
This week, the U.S. Department of Labor (DOL) published its highly anticipated Final Rule, which all...
Read More >
The California Occupational Safety and Health Standards Board continues to have a multitude of draft...
Read More >
The US Department of Justice’s (DOJ’s) Criminal Division published an update on June 1 to its Eval...
Read More >
Colorado employees are pushing back against the recent decision allowing use-it-or-lose vacation pol...
Read More >