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20Oct

Are you selling your business or merging? … Not so fast, if you are a PPP borrower.

Although the U.S. Small Business Administration (“SBA”) has started its program to forgive loans made to businesses under the Paycheck Protection Program (“PPP”), PPP borrowers and their lenders are cautioned to comply with a recently issued procedural notice relating to a change of ownership of a PPP borrower....
By: Farrell Fritz, P.C.
Source Url: https://www.jdsupra.com/legalnews/are-you-selling-your-business-or-55118/

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