Elizabeth Myers

Elizabeth Myers

Nutter McClennen & Fish LLP

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PPP: SBA Provides Process for a Change of Ownership

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

10/7/2020  /  CARES Act , Change in Control , Change of Ownership , Coronavirus/COVID-19 , Corporate Governance , New Guidance , Paycheck Protection Program (PPP) , SBA , SBA Lending Programs
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