SBA Issues Guidance on PPP Loans and Changes of Ownership

October 2020 COVID-19 has changed many aspects of conducting business today, including areas related to merger and acquisition (M&A) activities. As many buyers and sellers work to structure satisfactory M&A transactions, they are finding that one or both parties have received Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief & Economic Security (CARES) Act which remain outstanding at the time of the proposed transaction. View the full article here.