09Oct
SBA Guidance for PPP Loans in M&A
Businesses contemplating a merger, acquisition, or sale of assets have been working with lenders to determine what, if any, consents may be required regarding a Paycheck Protection Program (PPP) Loan. In the absence of U.S. Small Business Administration (SBA) guidance, M&A attorneys have been structuring deals in a variety of ways to maximize their client’s comfort. Finally, on October 2, 2020, the SBA issued guidance to lenders regarding what involvement, if any, by either the SBA or the PPP...
By:
Kaufman & Canoles
Source Url: https://www.jdsupra.com/legalnews/sba-guidance-for-ppp-loans-in-m-a-42963/
Related
A significant amount of legal activity has taken place recently in the area of joint employment. Joi...
Read More >
The September 19, 2019 edition of the Federal Register includes the updated minimum wage rates that ...
Read More >
Amidst the ongoing Covid-19 pandemic, daily and sometimes hourly changes in federal, state, and loca...
Read More >
Where does creativity fit into compliance? In more places than you think. Problem-solving, accountab...
Read More >
During the final months of 2019, the Mine Safety and Health Administration (“MSHA”) advised the mi...
Read More >
On September 24, 2019, the U.S. Department of Labor (DOL) announced a final rule to make an estimate...
Read More >