13Oct
The PPP Meets M&A: Pitfalls For The Unwary Borrower and Lender
The Small Business Administration (SBA) issued a Procedural Notice on October 2, 2020, detailing required procedures impacting Paycheck Protection Program (PPP) borrowers and lenders if: (i) twenty percent or more of the common stock or other ownership interest of the PPP borrower (an Equity Interest), including a publicly-traded entity, is sold or otherwise transferred, whether in one or more transactions since the date that the PPP loan was approved......
By:
Gray Reed
Related
On December 20, 2019, the Further Consolidated Appropriations Act, 2020 (the “FCAA”) was signed by...
Read More >
The Internal Revenue Service has announced the 2020 cost of living adjustments to various limits. Th...
Read More >
On August 7, 2019, U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigation...
Read More >
In some situations, employers call us to ask about an employee’s request for job modifications that...
Read More >
Outlook for This Week in the Nation’s Capital - Congress. Both the House and Senate are in this we...
Read More >
In the midst of nationwide efforts to reform the use of non-compete restrictions, a recent decision ...
Read More >