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
Congress recently extended the application deadline for the Paycheck Protection Program by five weeks, moving the deadline from June 30 to August 8. As of July 6, approximately $528 billion of PPP loan funds have been...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