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Harsh Arora, with Kelley Kronenberg. Harsh Arora, with Kelley Kronenberg.

On Oct. 7, the Small Business Administration issued Procedural Notice 5000-20057 with an effective date of Oct. 2. This procedural notice provides guidelines and requirements for SBA approval for changes of ownerships for business entities that have received Paycheck Protection Program funds  under the Coronavirus Aid, Relief and Economic Security Act.

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