Lunch & Learn Webinar Series: Acquiring Companies with Outstanding PPP Loans

Presented by McGuireWoods

Acquiring Companies with Outstanding PPP Loans

Tuesday, October 20, 2020
12:00pm ET

The enactment of the Paycheck Protection Program under the CARES Act provided relief to many U.S. small businesses. However, the regulations, guidance and administration of the PPP have often times created confusion and uncertainty. With M&A activity accelerating in the second half of the year, businesses with PPP loans face complications when considering whether to acquire or be acquired. In this timely session, we will explore the key M&A issues to be considered when acquiring a business with a PPP Loan, which include due diligence best practices, indemnification provisions, recommended covenants, and the impact the most recent SBA guidance on this topic has on the evolving M&A landscape. Please join us to learn about this issues and more.

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Speakers:

Bryan Bylica, Partner

Bryan focuses on private equity and venture capital transactions, mergers and acquisitions, and securities and corporate finance. He routinely works with independent sponsors and capital providers, including family offices, in all levels of the capital stack to put together lower middle market deals across a breadth of industries.

He also advises emerging-growth and early-stage companies, particularly in the technology space, as they work to advance their business objectives and goals. Bryan works to provide value beyond just legal services by opening doors for clients through thoughtful introductions and networking opportunities.

He has significant experience representing Small Business Investment Companies (SBIC Funds) and Rural Business Investment Companies (RBIC Funds). He also regularly represents institutional investors, pension plans, and endowments making private equity, venture capital, and hedge fund investments.

Mark Kromkowski, Partner

Mark has represented investment funds and portfolio companies in all types of private equity and corporate MA transactions. He also has extensive experience counseling fund managers in all aspects of fund formation and administration.

He has developed a substantial practice in the areas of complex financings, mergers and acquisitions, and general corporate representation for private and public companies. He also represents regional and national banks in connection with private equity subscription lines of credit and related credit facilities.

He is among a small group of lawyers in the United States who have significant transactional and regulatory experience with Small Business Investment Companies (SBIC Funds) and Rural Business Investment Companies (RBIC Funds). Mark is the chairman of the firm’s fund formation, SBIC practice and the community and regional banking industry team.

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