New SBA Guidance on Change in Ownership by PPP Borrowers

On October 2, 2020, the U.S. Small Business Administration (“SBA”) released new guidance on when SBA consent is required in connection with a change in ownership of an entity that has received Paycheck Protection Program ("PPP") funds under the CARES Act (a “PPP Borrower”)......
By: Foley Hoag LLP

Array