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
Following passage and signature into law of California Assembly Bill 5 (“AB-5”), retailers should ...
Read More >
A federal jury in Iowa has rejected Equal Pay Act claims by a female physician alleging she was paid...
Read More >
On Wednesday, February 26th, the CDC reported the first case of COVID-19 where the source of the cha...
Read More >
No Good News, but No Bad News Either - On 16 October 2019 the European Commission (EC) adopted a de...
Read More >
Under the National Labor Relations Act (NLRA), employees have a right of collective action, and empl...
Read More >
Recently, the Occupational Safety and Health Commission (OSHRC or Commission) issued a decision in S...
Read More >