Harsh Arora, with Kelley Kronenberg. SBA Guidance on PPP Loans—Key Takeaways for Mergers and Acquisitions
This procedural notice provides guidelines and requirements for SBA approval for changes of ownerships for business entities that have received Paycheck Protection Program (PPP) funds (borrower) under The Coronavirus Aid, Relief, and Economic Security Act.
October 29, 2020 at 09:27 AM
7 minute read
On Oct. 7, the Small Business Administration issued Procedural Notice 5000-20057 with an effective date of Oct. 2. This procedural notice provides guidelines and requirements for SBA approval for changes of ownerships for business entities that have received Paycheck Protection Program funds under the Coronavirus Aid, Relief and Economic Security Act.
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