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SBA Issues Guidance on Change of Ownership Transactions in Which SBA Consent Is Not Required

The U.S. Small Business Administration (the “SBA”) recently provided important and long anticipated guidance on requirements and exceptions for SBA consent in certain “change of ownership” transactions involving companies...more

Congress Passes PPP Flexibility Act Extending Certain Terms of the Paycheck Protection Program and Adding New Provisions

On June 3, 2020, the U.S. Senate passed a bill (the “PPP Flexibility Act”) that was also passed by the House of Representatives on May 28, 2020. It is expected that the President will sign the PPP Flexibility Act later this...more

Analysis of the Paycheck Protection Program Loan Forgiveness Application

On May 15, 2020, the Small Business Administration (the “SBA”) published a Loan Forgiveness Application (the “Forgiveness Application”),1 which provides long awaited information regarding loan forgiveness under the Paycheck...more

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