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28Oct

SBA Clarifies Treatment Of PPP Loans In M&A Deals

Cole Schotz | | Return|
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
Source Url: https://www.jdsupra.com/legalnews/sba-clarifies-treatment-of-ppp-loans-in-22443/

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