12Oct
PPP Update: SBA Procedural Notice - Paycheck Protection Program Loans and Changes of Ownership
On October 2, 2020, the U.S. Small Business Administration (SBA) released a Procedural Notice (the Procedural Notice) that provides a framework to determine whether SBA consent is required for various changes of ownership of an entity that has received Paycheck Protection Program (PPP) funds (each, a PPP Borrower). Although the Procedural Notice was addressed to all SBA employees and PPP lenders, the guidance will ultimately impact any PPP Borrower considering a potential change in control, as...
By:
Robinson & Cole LLP
Related
COVID-19 has undoubtedly upended the world, including the way we do business and the future of our e...
Read More >
In a straightforward case, but one with widespread applicability today, the 9th Circuit Court of App...
Read More >
On June 19, 2019, the New York State Assembly and Senate passed an omnibus bill (A08421/S06577) prop...
Read More >
Wilson Sonsini Goodrich & Rosati’s 2019 Mid-Year Technology and Life Sciences IPO Report presents a...
Read More >
On September 5, 2019, the Washington Supreme Court confirmed that non-agricultural employers may use...
Read More >
In 2018, the Supreme Court of California turned much of the established law regarding worker classif...
Read More >