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Borrowers of PPP Loans of $2M or More Must Justify Necessity

For-profit and non-profit borrowers of PPP loans of $2MM or more are now required to submit additional forms. On October 26, 2020, the SBA published a notice seeking Office of Management and Budget (OMB) approval of new...more

PPP Loans and Change of Ownership

SBA Procedural Notice Regarding PPP Loans and Changes of Ownership - On Friday, October 2, the SBA issued a procedural notice regarding PPP Loans and Changes of Ownership. The Notice provides some level of clarity for SBA...more

Coronavirus (COVID-19) Legal Resources for Business (Updated)

RECENT DEVELOPMENTS - October, 2, 2020: On Friday, October 2, the SBA issued a procedural notice regarding PPP Loans and Changes of Ownership. The Notice provides some level of clarity for SBA Employees and PPP lenders as...more

Interim Final Rule Regarding Appeal of SBA PPP Loan Review Decisions

On August 11, the SBA issued an Interim Final Rule regarding the appeal of SBA loan review decisions made under the Paycheck Protection Program (“PPP”). The Interim Final Rule is immediately effective, and while many lenders...more

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