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SBA Guidance on PPP Borrowers: Transfers of Equity and Assets

On Friday, October 2, 2020, the Small Business Administration (“SBA”) issued a Procedural Notice setting out the required procedures for companies pursuing certain equity or asset purchases or sales, or other transfers, who...more

UPDATE -- SBA Adds Guidance Regarding Necessity Certification Under the Paycheck Protection Program

On April 23, 2020, the Small Business Administration (“SBA”) issued additional guidance regarding whether businesses owned by large companies qualify for a Paycheck Protection Program (“PPP”) loan under Section 1102 of the...more

Summary: SBA Financial Assistance Under the CARES Act

The recently federally enacted Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) greatly expanded the United States Small Business Administration’s (“SBA”) ability to serve small and mid-sized businesses by...more

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