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
Non-essential construction is not presently permitted in Boston, but draft best practice guidelines ...
Read More >
A corporation may not deduct previously capitalized costs that facilitated an initial public offerin...
Read More >
In this presentation, a cross-disciplinary panel of lawyers from our debt capital markets, restructu...
Read More >
The COVID-19 pandemic has been a considerable source of discussion and, despite multiple publication...
Read More >
A takeover of a French company carrying on so-called ‘sensitive’ activity in France by a company u...
Read More >
T-Mobile USA, Inc. ("T-Mobile") in 2015 created T-Voice, a nationwide program through which customer...
Read More >