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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
Source Url: https://www.jdsupra.com/legalnews/ppp-asset-sales-is-the-buyer-required-20445/

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