07Oct
SBA Notice Paves the Way for Change of Ownership Transactions by PPP Borrowers
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
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