SBA Issues Guidance on Change of Ownership Transactions in Which SBA Consent Is Not Required
By EsqSocial Corporation 27/10/20
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 with loans issued under the Paycheck Protection Program (the “PPP”). The new guidance was effective October 2, 2020, by the publication of a new Procedural Notice (the “Notice”)....
By: Blank Rome LLP