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
Have you ever wondered when Massachusetts’ 6-year statute of repose for defective design, planning ...
Read More >
As we have previously discussed, the Puerto Rico Department of Labor (PR DOL) recently published the...
Read More >
Following its review of a series of global deals in the digital markets space, the U.K.’s Competiti...
Read More >
Many governmental 457(b) deferred compensation and 401(a) defined contribution plan sponsors do not ...
Read More >
October in Maryland is a time of ripening pumpkins and falling leaves. October 1 is also the date wh...
Read More >
On August 9, the National Labor Relations Board released three proposed new rules designed to ease e...
Read More >