17Oct
Strategies to Reduce the Impact of the New SBA Procedural Notice on the Rights of a Secured Lender
In the SBA Procedural Notice dated October 2, 2020 (the “Approval Notice”), the Small Business Administration (“SBA”) has issued mandates that may impact the ability of a recipient of a Paycheck Protection Program (“PPP”) loan to raise capital, to transfer ownership, to sell assets, or to liquidate. While the Approval Notice is strikingly broad in scope, there are ways of reducing, if not eliminating, its effect on these types of transactions....
By:
Miller Canfield
Source Url: https://www.jdsupra.com/legalnews/strategies-to-reduce-the-impact-of-the-98295/
Related
A frequent topic of dispute in litigation involving construction projects is whether a subcontractor...
Read More >
Section 548 of the Bankruptcy Code enables trustees to avoid certain pre-bankruptcy transfers of “a...
Read More >
On January 13, 2020, the U.S. Department of Treasury issued final regulations (the "Final Rules") th...
Read More >
The Canadian federal election is just around the corner—Monday, October 21, 2019 (Election Day). Th...
Read More >
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) has been signed into law ...
Read More >
16,000 nationwide complaints to OSHA agencies since April prompt sector-specific guidance - OSHA co...
Read More >