15Oct
SBA Guidance Issued on Change of Ownership for PPP Borrowers
On Oct. 2, 2020, the U.S. Small Business Administration (SBA) issued Procedural Notice Control No. 5000-20057 (the SBA Guidance), which clarifies approval requirements for Paycheck Protection Program (PPP) borrowers upon a change of ownership. Previous guidance and communications with both PPP lenders and local SBA offices resulted in some confusion around whether the PPP lender, the SBA or both needed to approve the change of ownership....
By:
BakerHostetler
Related
There are days when the workplace can feel a lot like a third-grade playground with kids running bac...
Read More >
On June 11, 2019, Gov. Gretchen Whitmer enacted a significant new Michigan mini tort law change when...
Read More >
The socioeconomic fallout of COVID-19 represents an enormous challenge for the construction sector, ...
Read More >
Many employers loathe the prospect of unionization due to the potential of a union hampering such em...
Read More >
On November 12, 2019, the staff of the securities commissions of Ontario, British Columbia, Québec, ...
Read More >
The Internal Revenue Service issued a Private Letter Ruling (PLR) stating that certain genetic testi...
Read More >