07Oct
PPP: SBA Provides Process for a Change of Ownership
On October 2, 2020, the SBA provided notice to PPP lenders regarding the process by which PPP borrowers may undertake a “change of ownership” while a loan is outstanding. Previously there was little guidance provided to lenders, resulting in inconsistent treatment of borrowers that were targets in M&A transactions, with some borrowers informed that they…...
By:
Nutter McClennen & Fish LLP
Source Url: https://www.jdsupra.com/legalnews/ppp-sba-provides-process-for-a-change-28305/
Related
In this episode of the Innovation in Compliance Podcast, I have a discussion about data security for...
Read More >
At home, I have Verizon FIOS for TV and the Internet and that was after having my cable provider, Op...
Read More >
In Jacob Hasher Hindlin v. Lukasz Gottwald et al., C.A. No. 2019-0586-JRS (Del. Ch. July 22, 2020), ...
Read More >
On May 3, 2019, the Securities and Exchange Commission (“SEC”) proposed amendments to the financia...
Read More >
With the passage of the Cannabis Regulation and Tax Act in June, Illinois became the 11th state in t...
Read More >
Today, the U.S. Department of Labor issued a Final Rule to go into effect on January 1, 2020 that wi...
Read More >