14Oct
SBA Clarifies Rules Regarding PPP Loans And Changes Of Ownership
In a recently issued procedural notice, the Small Business Association (“SBA”) addressed a lingering question of borrowers and lenders related to the Paycheck Protection Program (“PPP”) process: What procedures are required for changes of ownership of an entity that has received PPP funds? The notice, issued on October 2, describes when change of ownership is considered to have occurred and what impact such change has on a PPP borrower’s responsibilities under the program......
By:
Fraser Trebilcock
Related
In Shareholder Representative Services LLC v. RSI Holdco, LLC, C.A. No. 2018-0517-KSJM (Del. Ch. May...
Read More >
In the aftermath of the killing of George Floyd and the resulting Black Lives Matters protests, many...
Read More >
There has been a drumbeat of news reports about Wuhan, China, a city more populous than any in the U...
Read More >
March 31, 2020 is the deadline for retroactively correcting most 403(b) plan document defects that o...
Read More >
For an entity that has historically placed an emphasis on maintaining the secrecy of its proceedings...
Read More >
On November 5, USDOL’s Wage and Hour Division issued a press release with the enticing title, “U.S...
Read More >