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
On June 18, 2019, in a decision authored by Chief Justice Leo E. Strine Jr., the Delaware Supreme Co...
Read More >
On April 27, Texas Governor Greg Abbott announced his plan for beginning to reopen businesses in Tex...
Read More >
Misclassification of employees as independent contractors "does not violate the [National Labor Rela...
Read More >
On June 29, 2020, the Japan Fair Trade Commission (“JFTC”) issued a draft of amendments to relevan...
Read More >
On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act...
Read More >
As 2019 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do”...
Read More >