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Gawthrop’s COVID-19 Resource Portal

Gawthrop Greenwood will continue to update this news feed with new developments and resources during the COVID-19 crisis. Please be sure to refresh the page between visits. You can also sign up for our newsletter by emailing kristen@nousoma.com March 9,…

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Gordon 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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