X
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

Offshore wind projects: delays during construction

The offshore wind sector continues to grow at an unprecedented rate, particularly in Europe, and inc...

Read More >

Governor Justice to Reopen West Virginia - Guidance for the Construction Industry

Although the construction industry was generally exempted from Governor Jim Justice’s March 23, 202...

Read More >

United States Department of Labor Issues New FLSA Overtime Salary Threshold

Effective January 1, 2020, an estimated 1.3 million workers may be newly eligible for overtime pay u...

Read More >

WHD Issues Its First Opinion Letters of the. . . Decade

Seyfarth Synopsis: The U.S. Department of Labor’s Wage & Hour Division recently issued two opinion ...

Read More >

New York State Bans Discrimination Based on "Traits," Including Hairstyle

Adding to an already busy summer of New York state employment law developments, employers and human ...

Read More >

Construction Resumes on Pennsylvania in May 1

On April 22, Governor Wolf unveiled a plan to gradually reopen Pennsylvania’s economy after almost ...

Read More >