X
09Oct

SBA Issues New Guidance Regarding Changes Of Ownership For PPP Borrowers

Tonkon Torp LLP | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/sba-issues-new-guidance-regarding-61138/

Related

The Rising Tide of Global Whistleblower Regulations

The whistleblowing landscape has changed substantially over the past few years. High profile cases h...

Read More >

2019 Mergers and Acquisitions Helpful Checklists

Please see full Checklist below for more information....By: Orrick - Accrued Knowledge

Read More >

FTC Uses “Study Authority” To Review Prior Non-HSR Reportable Tech Transactions

On February 11, the Federal Trade Commission (FTC) announced that it issued Special Orders to five l...

Read More >

D.C. Paid Leave is Coming: Are you Ready?

On February 17, 2017, D.C. passed the Universal Paid Leave Amendment Act of 2016. Beginning July 1, ...

Read More >

ESG and the construction industry

The continuing rise of Environmental, Social and Governance (ESG) issues up public and corporate age...

Read More >

EEOC Sues Conduent for Refusing to Hire Deaf Applicant

Job Interview Denied After Applicant Requested Sign Language Interpreter, Federal Agency Charges - ...

Read More >