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
Northrop Grumman has agreed to pay $12,375,000 to settle a class action brought under the Employee R...
Read More >
The U.S. Women’s National Team is on track to defend its 2015 World Cup title after defeating Spain...
Read More >
The Illinois legislature recently passed a law modifying the Contractor Prompt Payment Act, impactin...
Read More >
Background - On January 13, 2020, the U.S. Department of Treasury, on behalf of the Committee on Fo...
Read More >
The plaintiff sued his former employer for discrimination, retaliation, hostile work environment, an...
Read More >
Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with t...
Read More >