X
17Oct

Strategies to Reduce the Impact of the New SBA Procedural Notice on the Rights of a Secured Lender

Miller Canfield | | Return|
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 Feel-Good Story About Social Media!

DOL official gets his job back. It's not often that I'm able to use the U.S. Department of Labor as...

Read More >

Emerging Technologies Washington Update - October 2019 #4

This Week: House Energy and Commerce Subcommittee holds hearing on reauthorizing the US SAFE WEB Act...

Read More >

Update on Foreign Direct Investments in Germany - The next tightening of the Foreign Direct Investment Rules is within reach on the horizon

Third reform within less than 3 years - On 30 January 2020, the German Federal Ministry for Econom...

Read More >

Seeking Certainty in Uncertain Times: Employing Cost-Plus Construction Contracts in 2020

With the uncertainty of COVID-19 impacting construction projects in new and unfamiliar ways, choosin...

Read More >

Soft Tissue Massage Considered First-Aid For OSHA Recordkeeping Purposes

Most employers with more than 10 employees are required to keep a record of serious work-related inj...

Read More >

Following A National Trend, Illinois’ Equal Pay Act Now Bars Employers From Asking Job Applicants About Their Salary History

With much fanfare, Illinois Governor J.B. Pritzker signed into law major amendments to the Illinois ...

Read More >