Webinar
COVID-19: Buying and Selling PPP Borrowers
We provide an update on recent developments related to PPP forgiveness and M&A transactions involving PPP borrowers, including recent unpublished guidance from SBA. We discuss purchase price, valuation and structuring considerations, lender and SBA consent requirements, and the impacts of leaving in place a target’s PPP on the buyer’s operations, taxes and its other lenders, as well as other key legal, reputational and practical risks that should be addressed in these transactions.