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09Oct

SBA Issues Much-Anticipated Guidance Regarding Changes of Ownership in PPP Loans

Unforgiven Paycheck Protection Program (PPP) loans have created a great deal of consternation for PPP borrowers looking to engage in merger and acquisition (M&A) transactions, as well as other asset sale, equity and restructuring transactions that could trigger a "change in ownership" (including employee stock ownership plans (ESOPs), estate planning transfers and similar transactions in…...
By: Holland & Knight LLP
Source Url: https://www.jdsupra.com/legalnews/sba-issues-much-anticipated-guidance-12400/

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