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
As the summer begins to wind down, the first whispers of fall rippling through cool evening breezes ...
Read More >
In 2016, Pennsylvania enacted its “Medical Marijuana Act” (MMA), which permits individuals sufferi...
Read More >
On September 24, 2019, the U.S. Department of the Treasury (“Treasury”) proposed regulations to ex...
Read More >
December 19, 2019, Congress finally passed the Setting Every Community Up for Retirement Enhancement...
Read More >
The recent case of PBS Energo A.S v Bester Generacion UK Ltd [2020] EWHC 223 (TCC) provides a remind...
Read More >
The rapid expansion of data security and privacy laws and regulations — both in the United States a...
Read More >