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
Source Url: https://www.jdsupra.com/legalnews/sba-guidance-issued-on-change-of-42263/
Related
On June 19th, the New York State Senate and Assembly voted to pass omnibus legislation greatly stren...
Read More >
In its recent decision in R (on the application of Friends of the Earth Ltd and others) v Heathrow A...
Read More >
The U.S. is one of the easiest jurisdictions in the world in which to do business1 . 1 Regulatory b...
Read More >
As scheduled, EEOC and NORC have now provided employers with a way batch upload their EEO-1 Componen...
Read More >
Public tender offers under the German Securities Acquisition and Takeover Act: Offers, results and a...
Read More >
A California state appellate court has ruled that the correct rate for paying meal and rest period p...
Read More >