09Oct
SBA Issues New Guidance Regarding Changes Of Ownership For PPP Borrowers
On October 2, 2020, the Small Business Administration published new guidance outlining the procedures that PPP borrowers and lenders must follow in the event that a PPP borrower undergoes a “change of ownership.” For parties to a merger, acquisition, or sale in which the target company or seller has received a PPP loan, the new guidance includes important requirements applicable to (i) the drafting and negotiation of the purchase agreement, and (ii) the timing for submission of the forgiveness...
By:
Tonkon Torp LLP
Related
On May 20, 2020, the German Federal government adopted the 15th amendment to the Foreign Trade and P...
Read More >
One Equity Partners has announced it acquired American Medical Technologies. American Medical Techn...
Read More >
Progression of all stages of a development are likely to be challenging for the foreseeable future, ...
Read More >
A seemingly routine Sixth Circuit appeal involving the interpretation of the federal Employee Retire...
Read More >
Yesterday the Senate confirmed, 53-to-44 , Eugene Scalia, son of late Supreme Court Justice Antonin ...
Read More >
El 16 de diciembre de 2019, la Comisión Nacional de Salarios Mínimos (CONASAMI), acordó aumentar el ...
Read More >