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

What Employers Need to Know About Advance Wage Payment Products

A hot topic of discussion in payroll offices around the country is the prospect of new services that...

Read More >

Financial Daily Dose 10.15.2019 | Top Story: Uber lays off 350 more corporate workers in effort to control costs

Ride-hailing giant Uber laid off 350 workers on Monday as part of an ongoing effort to pare costs th...

Read More >

Best Practices for Municipal Retirement Plans

- Create a Plan Document... - Do not rely solely on special acts, ordinances, or collective bargain...

Read More >

Philips Acquires BioTelemetry for $2.8B

Royal Philips NV acquired BioTelemetry, Inc. for $2.8 billion US dollars. Headquartered in Malvern, ...

Read More >

[Video] Compliance and Coronavirus-Brandon Daniels on Data Management & Data Security Moving out of Covid-19

Welcome to Exiger Week on Compliance and Coronavirus. As the Voice of Compliance, I wanted to start ...

Read More >

Employers Must Remain Immigration Compliant or Face Stiff Penalties, Negative Publicity, and Criminal Penalties

With the Trump Administration’s increase in employer immigration enforcement, businesses of all siz...

Read More >