16Oct
SBA Releases Long-Awaited Guidance on M&A Rules for Paycheck Protection Program Borrowers
The Small Business Administration (SBA) recently released a procedural notice concerning when a borrower of a Paycheck Protection Program (PPP) loan may forgo SBA approval in connection with a merger or acquisition. The notice clarifies previous uncertainty regarding when a PPP borrower may be required to obtain SBA approval....
By:
Parker Poe Adams & Bernstein LLP
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