On October 7, 2020 the Small Business Administration (“SBA”) added the following general FAQ #52 to the Paycheck Protection Program Loans (“PPP”) FAQ for Lenders and Borrowers. Question: The Paycheck ...
On October 2, 2020 the Small Business Administration (“SBA”) issued a Procedural Notice outlining what constitutes “Changes of Ownership” with respect to Paycheck Protection Program (“PPP”) borrowers, and the conditions ...