09Oct
PPP & Asset Sales: Is the Buyer Required to Assume the PPP Note?
No. On October 2, the Small Business Administration published a procedural notice on changes of ownership for PPP borrowers. One specific area where we’ve seen confusion is whether the procedural notice requires a Buyer to assume all of the PPP Borrower’s obligations in an asset sale transaction....
By:
Bryan Cave Leighton Paisner
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