Under new guidance from the Small Business Administration (SBA) issued through a Procedural Notice (Notice) on Oct. 2, 2020, certain PPP borrowers may be required to seek prior consent from
Continue Reading Paycheck Protection Program: PPP Borrowers May Need Prior SBA Approval for Change in Ownership Transactions
Lee Ann Anderson
Lee Ann Anderson focuses her practice on capital markets, structured finance and corporate transactions, with broad experience in U.S. and cross-border securities offerings. In the current global crisis, Lee Ann serves as a member of our COVID-19 Economic Stimulus Response Team and has counseled scores of companies about relief under Titles I and IV of the CARES Act and relief programs established by the Federal Reserve.
Lee Ann counsels issuers and investment banks on certificates of deposits, including rates-, commodities-, equity-, and proprietary index-linked products. She has wide-ranging experience in debt and equity capital markets, securitizations, and other structured finance transactions. Her practice has included scores of domestic and international debt and equity offerings, as well as securitizations of receivables and other collateral, complex tax-based structures utilizing swaps and other derivatives. Lee Ann also has advised a number of foreign and domestic public companies with respect to a wide range of corporate and securities matters, including reporting obligations.
Additionally, Lee Ann has deep experience counseling clients on corporate transactions, including mergers, stock purchases, asset sales, joint ventures, and other reorganization transactions. She also provides a range of general corporate and governance advice. Lee Ann has a strong commitment to pro bono work and served as a pro bono coordinator at her previous firm.
PPP Loan Forgiveness: What the Latest Guidance Means for You
Recently, the Small Business Administration and the Treasury Department released its latest guidance in the form of two interim final rules on loan forgiveness: “Business Loan Program Temporary Changes; …
Continue Reading PPP Loan Forgiveness: What the Latest Guidance Means for You
SBA Releases PPP Loan Forgiveness Application
Late on May 15, the SBA released its PPP Loan Forgiveness Application. View the application form and instructions here.
The U.S. Treasury also published some initial, limited commentary. Find …
Continue Reading SBA Releases PPP Loan Forgiveness Application
Now That I Have My Paycheck Protection Program Money, What Can I Do with It?
Q. Assuming I properly received PPP funds, what can I spend it on?
A. The allowable uses of PPP loan funds are as follows:
- 75% of the PPP loan funds
…
Continue Reading Now That I Have My Paycheck Protection Program Money, What Can I Do with It?
New Guidance on PPP Loan Eligibility: Hedge Funds, PE Funds, and Businesses with Access to Liquidity
Many Israeli companies have operations set up in the US, thus have been adversely affected by COVID-19 on both the Israeli and American fronts.
The US government recently announced adding…
Continue Reading New Guidance on PPP Loan Eligibility: Hedge Funds, PE Funds, and Businesses with Access to Liquidity
COVID-19 Federal Legislative and Regulatory Economic Stabilization Programs – What Your Business Needs to Know
As the Coronavirus Disease 2019 (COVID-19) pandemic continues in the United States, the U.S. Congress and the U.S. federal financial regulatory agencies – the Federal Reserve, U.S. Department of the…
Continue Reading COVID-19 Federal Legislative and Regulatory Economic Stabilization Programs – What Your Business Needs to Know