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Four Things You May Have Missed about the PPP Change of Ownership Notice

USA - October 13 2020 As previously discussed, on October 2, 2020, the SBA published Procedural Notice 5000-20057 addressing Paycheck Protection Program Loans and Changes…

SBA Confirms Impact of PPP Flexibility Act on Outstanding Promissory Notes

USA - October 8 2020 On October 7, 2020, the Small Business Administration and Treasury Department updated their Frequently Asked Questions on the Paycheck Protection…

PPP & Asset Sales: Is the Buyer Required to Assume the PPP Note?

USA - October 8 2020 On October 2, the Small Business Administration published a procedural notice on changes of ownership for PPP borrowers. One specific area where…

SBA Provides Guidance on Changes of Ownership of PPP Borrowers

USA - October 4 2020 On October 2, 2020, the SBA Office of Capital Access published Procedural Notice 5000-20057, which provides a framework to address whether SBA…

GAO Report Highlights Need for Additional PPP Forgiveness Guidance

USA - September 21 2020 On September 21st (do you remember?), the U.S. Government Accountability Office released a report on the Federal Government’s COVID-19 response…