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 June 17th the Department of Labor finalized a set of proposed regulations requiring that all “to...
Read More >
Every generation tackles old problems anew. Abject homelessness, “radicalized” socialists, tyrant...
Read More >
I’m not a fan of reporting legislation, but this piqued my interest. Sen. Pat Toomey (R-PA), a mem...
Read More >
Our "2020 securities, shareholder, and M&A litigation outlook" provides our point of view on 2020, i...
Read More >
Specialty Apparel Chain Fired Manager After Learning She Was Pregnant, Agency Charged - NEW ORLEANS...
Read More >
On June 13, 2019, the Internal Revenue Service (IRS), Department of Labor and Department of Health a...
Read More >