New Procedures for PPP Loans for Changes in Ownership

On October 2, 2020, the SBA released a Procedural Notice (the “Notice”) regarding Paycheck Protection Program Loans and Changes of Ownership.  The notice clarifies what constitutes a change in ownership and the steps a Paycheck Protection Program (“PPP”) loan borrower must take. Change in ownership defined: The Notice defined that, for purposes of the PPP,…

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Weighing the Risks of a Technology M&A Transaction During the Pandemic

Technology companies and startups have historically thrived off M&A transactions, but the pandemic has added a new layer of uncertainty to an already complex process. Businesses in the software and technology industries right now are facing pivotal questions, like: Is an M&A transaction still possible? What are the new risks related to COVID-19? How can…

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