28Oct
SBA Clarifies Treatment Of PPP Loans In M&A Deals
Earlier this month, the U.S. Small Business Administration (the “SBA”) issued Procedural Notice Control No. 5000-20057 (the “Guidelines”), providing guidance with respect to M&A transactions involving entities with outstanding Paycheck Protection Program (“PPP”) facilities. This Alert summarizes the Guidelines as they relate to change of control and M&A transactions, specifically with respect to diligence review, transaction timing and SBA consent requirements......
By:
Cole Schotz
Related
The proper trigger of coverage in construction defect disputes has been addressed on several occasio...
Read More >
On July 22, 2019, DOL’s Wage and Hour Division issued an opinion letter (FLSA2019-10) on whether an...
Read More >
On July 31, 2019, Illinois Governor J.B. Pritzker signed House Bill 834 into law, strengthening and ...
Read More >
As the year is quickly coming to an end, it is especially prudent to review compensation arrangement...
Read More >
“This isn’t what I expected.” I hear that comment frequently from people that do not often partic...
Read More >
Further to our recent blog post “COVID-19: UK Public Sector Construction - cash flow relief for sup...
Read More >