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
Source Url: https://www.jdsupra.com/legalnews/sba-clarifies-treatment-of-ppp-loans-in-22443/
Related
Amid the exponential increase of COVID-19 cases in the State of New York and, more specifically in N...
Read More >
A Trending News interview from Employment Law This Week®, featuring attorney Steve Swirsky, Member o...
Read More >
As a result of the “stop work order” on construction in New York State, many projects are now bein...
Read More >
Scalia Officially Nominated. Although the Buzz mentioned the nomination of Eugene Scalia to be sec...
Read More >
The panels were moderated by partners Sally Yates from the firm’s Atlanta office and Michael Ursche...
Read More >
Does a seller’s breach of representations and warranties in a merger and acquisition (M&A) transact...
Read More >