15Oct
Buyers’ obligation to assume PPP debt hinges on need for SBA approval
The Small Business Administration recently published a procedural notice on changes of ownership for PPP borrowers. One specific area where we’ve seen confusion is whether the procedural notice requires a buyer to assume all of the PPP borrower’s obligations in an asset sale transaction....
By:
Bryan Cave Leighton Paisner
Source Url: https://www.jdsupra.com/legalnews/buyers-obligation-to-assume-ppp-debt-71085/
Related
In the midst of the COVID-19 pandemic and plummeting oil prices, oil and gas operators are living th...
Read More >
On March 25, 2020, Minnesota Governor Tim Walz issued Emergency Executive Order 20-20 in response to...
Read More >
New York recently became the second state, after California, to prohibit discrimination based on hai...
Read More >
The New York City Council has proposed additional legislation that would have a major impact on busi...
Read More >
Seyfarth Synopsis: Employers should prepare for the holiday shopping season and protect their employ...
Read More >
In a recent decision, the Armed Services Board of Contract Appeals (ASBCA) reaffirmed that, even whe...
Read More >