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A Time for Gratitude

"I awoke this morning with devout thanksgiving for my friends, the old and the new." -Ralph Waldo Emerson- During this year of perpetual change, we find ourselves especially thankful for long-time clients and friends, as well as new clients and…

Gordon W. Prince

Change-In-Ownership Guidance for PPP Borrowers and Lenders

The latest information from the SBA, issued in Procedural Notice No. 5000-20057, has important implications for PPP recipients who have, are in the midst of, or are contemplating effecting a change in ownership of their entity. Of importance, certain changes of ownership will require the approval of the SBA, or, at the very least notice to the SBA.
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