M&A Deals and PPP Loans: Unexpected Parties in Your Deal | Farella Braun + Martel LLP
To embed, copy and paste the code into your website or blog: The Payroll Protection Program has been a lifesaver to many businesses this year, but its quick roll out, and many generous features (including potential forgiveness) could tempt a borrower to treat the PPP as something less than a “real loan”. This, potentially, is a big mistake, as in the context of M&A transactions PPP restrictions, and the practical difficulties in working with those restrictions, have the potential to greatly slow or complicate a deal. This problem is acute for struggling businesses, who are likely to have ...
Source: jdsupra.com