09Oct
SBA Provides Guidance on Rules for M&A Transactions Involving PPP Loans
In a previous client alert, we had advised you of issues facing a purchaser of a business which had received a Paycheck Protection Plan (PPP) loan. PPP loans are Small Business Administration (SBA) Section 7(a) loans. Consequently, they are subject to the same regulatory guidelines.. These guidelines include provisions directing lenders to obtain the consent of the SBA before allowing a borrower to perform certain activities.......
By:
Hinshaw & Culbertson LLP
Related
Since the COVID epidemic took hold there has been a significant reduction in the number of law firm ...
Read More >
As we reported in our Tax Talks blog of 8 January, the Government has carried out a review of the im...
Read More >
In 2018, the U.S. Supreme Court issued its landmark decision in Epic Systems Corp. v. Lewis—a decis...
Read More >
Retirement plan sponsors that implemented hardship distribution changes and other disaster relief in...
Read More >
Three recent antitrust merger reviews involving nascent competition demonstrate enforcers are paying...
Read More >
On Friday, May 1, 2020, the Trump administration issued an executive order prohibiting the acquisiti...
Read More >