COVID-19: Buying and Selling PPP Borrowers
K&L Gates is hosting an update on recent developments related to PPP forgiveness and M&A transactions involving PPP borrowers, including recent unpublished guidance from SBA. Presenters will 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.
This publication/newsletter is for informational purposes and does not contain or convey legal advice. The information herein should not be used or relied upon in regard to any particular facts or circumstances without first consulting a lawyer. Any views expressed herein are those of the author(s) and not necessarily those of the law firm's clients.