New Guidance on PPP Loans Provided to Businesses Changing Ownership

Last week, the U.S. Small Business Administration released a procedural notice related to Paycheck Protection Program (PPP) loans and changes of ownership. OMA Connections Partner GBQ Partners has published this analysis of the SBA’s new guidance and the steps a buyer and seller must take in order to obtain approval or affect a change in ownership for a company with a PPP loan. 10/8/2020