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Considerations for Businesses with Outstanding PPP Loans in M&A Transactions | Lathrop GPM

To embed, copy and paste the code into your website or blog: On October 2, 2020, the U.S. Small Business Administration (the “SBA”) issued Procedural Notice (5000-20057), titled “ Paycheck Protection Program Loans and Changes of Ownership” (the “Notice”). The Notice sets forth the steps that must be taken when the recipient of a Paycheck Protection Program ("PPP") loan intends to engage in a transaction considered by the Notice to be a change of ownership. Although continuing to lea...
Us Small Business Administration Paycheck Protection Program Loan Servicing Center Business Transactions Practice Group Business Administration Procedural Notice

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