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07Oct

SBA Notice Paves the Way for Change of Ownership Transactions by PPP Borrowers

Arent Fox | | Return|
For several weeks, parties to pending merger and sale transactions involving Paycheck Protection Program (PPP) loans have been asking what will happen to PPP loan forgiveness applications if a borrower sells its business prior to receiving confirmation of forgiveness; a process that has barely started for most borrowers and that can last up to 150 days....
By: Arent Fox
Source Url: https://www.jdsupra.com/legalnews/sba-notice-paves-the-way-for-change-of-84391/

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