07Oct
Alert "SBA Issues Guidance On PPP Borrower Changes Of Ownership"
On October 2, 2020, the Small Business Administration (SBA) published guidance on when SBA consent must be obtained before a PPP borrower undergoes a change of ownership. It not only covers changes in controlling ownership interests and certain asset sales but also could apply to redemptions of existing minority owners by PPP borrowers, and to buyouts of minority owners by other existing owners. There is potential for significant delay and disruption of deal structures. The new guidance could...
By:
Porter Hedges LLP
Related
This e-Book provides guidance for the I-9 process, covering topics including: -Procedures -Employee...
Read More >
An inspection from the Occupational Safety and Health Administration (OSHA) can affect a constructio...
Read More >
In recent years, some investors have grown increasingly vocal about pay equity issues, with a few in...
Read More >
As the UK gradually navigates its way out of lockdown, here is an updated snapshot summarising in on...
Read More >
Go PRO. As the Buzz has been predicting for quite a while, on February 6, 2020, the U.S. House of Re...
Read More >
Overview of mergers and acquisitions (M&A) market in Singapore - Singapore was one of the first cou...
Read More >