14Oct
SBA Issues Guidance on Navigating Paycheck Protection Program Loans in M&A Transactions
After several months of uncertainty, businesses are carefully resuming merger and acquisition transactions. Many (if not most) small businesses took advantage of the Paycheck Protection Program (PPP), but, as forgiveness is still pending, they are forced to navigate the treatment of these loans in the sale or acquisition process. The SBA issued a procedural notice regarding its requirements effective October 2, 2020....
By:
Ruder Ware
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