United States: SBA Issues Guidance To Paycheck Protection Program Lenders With Procedures For Changes Of Entity Ownership Transactions Involving PPP Borrowers - Ice Miller LLP

United States: SBA Issues Guidance To Paycheck Protection Program Lenders With Procedures For Changes Of Entity Ownership Transactions Involving PPP Borrowers - Ice Miller LLP

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On October 2, 2020, the Small Business Administration ("SBA") released a Procedural Notice to Paycheck Protection Program ("PPP") lenders providing guidance regarding what steps are necessary if a PPP borrower wants to complete a change of ownership transaction.

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