News & Analysis as of August 18, 2025

Small Business Administration › Corporate Governance

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Managing Litigation Risk During the Business Lifecycle, Part 6: Minority Stakeholder Interests and Oppression

PilieroMazza PLLC on 8/1/2025

There is a common misconception that ownership equals control. But in many businesses—especially those participating in the Small Business Administration’s (SBA) 8(a), Women-Owned Small Business (WOSB), or Service-Disabled...more

What SBA Borrowers Need to Know: Lender Expectations for Corporate and Purchase Documentation

Morris, Manning & Martin, LLP on 2/6/2025

Every loan application requires borrowers to provide a substantial amount of information about the business and its owners. When applying for a loan that is guaranteed by the U.S. Small Business Administration (SBA), you can...more

Bermuda corporate and finance update Q2 2024

Carey Olsen on 10/22/2024

Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda’s Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements...more

Buy-Sell Agreements: They May Be a Business Partner’s Best Friend

Bradley Arant Boult Cummings LLP on 11/9/2022

Most private businesses have bylaws, company agreements or partnership agreements that govern their operations, but these agreements are often silent, or not well thought out, regarding issues that may become critically...more

Federal Circuit Clarifies the Scope of Incorporation by Reference

PilieroMazza PLLC on 5/10/2022

A recent Federal Circuit decision supplies helpful direction to contractors wishing to incorporate their standard commercial terms and conditions into their government contracts. The federal government often claims that it...more

SBA Issues Much-Anticipated Guidance Regarding Changes of Ownership in PPP Loans

Holland & Knight LLP on 10/8/2020

Unforgiven Paycheck Protection Program (PPP) loans have created a great deal of consternation for PPP borrowers looking to engage in merger and acquisition (M&A) transactions, as well as other asset sale, equity and...more

PPP: SBA Provides Process for a Change of Ownership

Nutter McClennen & Fish LLP on 10/7/2020

On October 2, 2020, the SBA provided notice to PPP lenders regarding the process by which PPP borrowers may undertake a “change of ownership” while a loan is outstanding. Previously there was little guidance provided to...more

PPP Loans and M&A Transactions: New Guidance from the SBA

Dorsey & Whitney LLP on 10/6/2020

The Paycheck Protection Program (the “PPP”) created under the CARES Act has provided much needed assistance to millions of businesses and other organizations operating in the United States that have been impacted by the...more

SBA Guidance on PPP Loans in the Context of a Sale of a Business

Benesch on 10/6/2020

On October 2, 2020, the SBA released a guidance relating to whether the SBA will be required to consent to a “change in ownership” of a business. A “change in ownership” is deemed to be any of the following...more

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Small Business Administration › Corporate Governance

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