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...more
10/16/2020
/ Acquisitions ,
Administrative Procedure ,
Certifications ,
Change in Control ,
Change of Ownership ,
Coronavirus/COVID-19 ,
False Claims Act (FCA) ,
Mergers ,
Paycheck Protection Program (PPP) ,
SBA ,
SBA Lending Programs ,
Small Business
The Small Business Administration (SBA) released on June 16 two revised loan forgiveness applications (each, along with separate instructions, available here). Borrowers of a Paycheck Protection Program (PPP) loan must use...more
On June 3, Congress passed the Paycheck Protection Program Flexibility Act (PPPFA). The PPPFA aims to address some issues that borrowers and industry groups had raised regarding the PPP as originally passed on March 27,...more
One of the most significant provisions in the recently passed federal CARES Act is the Paycheck Protection Program (PPP). It makes available $349 billion to qualifying small businesses for low-interest loans to cover up to...more