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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.
John Rafferty

Now You Know: Your Rights on Insurance Claims

By John Rafferty —  Nearly everyone who pays insurance premiums expects that when they submit a claim for a loss believed to be covered, the insurance company will, having been paid the premiums, cover the loss. Sometimes, when claims are denied,…

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New PPP Loan Forgiveness Applications Issued

By Gordon W. Prince, Esq. In light of the newly executed Paycheck Protection Program Flexibility Act (the “Act”), discussed fully here, the SBA (in consultation with the U.S. Department of Treasury) issued a revised PPP loan forgiveness application, as well…

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