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09Oct

M&A Transactions Involving PPP Loans: Important Guidance From The SBA

On October 2, 2020, the Small Business Administration (SBA) issued Procedural Notice No. 5000-20057 addressing procedures applicable to a “change of ownership” of a borrower who has received a loan under the Paycheck Protection Program (PPP). This procedural notice sets forth important guidance as to whether or not the SBA’s prior approval is required in connection with a change of ownership......
By: SmithAmundsen LLC
Source Url: https://www.jdsupra.com/legalnews/m-a-transactions-involving-ppp-loans-20133/

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