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
Turkeys weren't the only things stuffed in November – there was a gut-busting amount of late-year l...
Read More >
The flurry of activity from National Labor Relations Board in late 2019 was a fairly consistent drum...
Read More >
U.S. employers are gearing up for H-1B cap season, which has traditionally commenced on April 1 each...
Read More >
On February 13, 2020, in Frlekin v. Apple, Inc., No. S243805 (Cal. 2/13/2020), the California Suprem...
Read More >
In an effort to reduce the complexity and compliance costs of financial disclosures for significant ...
Read More >
Key Points - The off-payroll rules (IR35) aim to stop individuals from avoiding employee status for...
Read More >