fbpx

< Back to Thought Leadership

PPP Loans & Change of Ownership Transactions

At Blue & Co. LLC, we continue to monitor and disseminate impactful information to our clients in connection with their PPP loans advanced through the SBA in connection with the CARES Act.

Some clients that have received PPP funds have raised concerns about entering into transactions (on either the sell or buy side) with parties that have also received PPP funds and how that will ultimately impact forgiveness on the loans. On Friday, October 2nd, the SBA released a SBA Procedural Notice detailing the impact concerning the required procedures for changes of ownership of an entity that has received PPP funds. Specifically the Procedural Notices addresses:

  • Cases in which SBA prior approval is not required.
  • Cases in which SBA prior approval is required.
  • All sales or other transfers of common stock or other ownership interest or mergers, whether or not the sale requires SBA’s prior approval.

Click here for a complete release of the Procedural Notice.

If you would like additional information or further discussion on how this impacts your organization, please contact your local Blue & Co. advisor. 

Contract Services: Impact on Wage Index

In the past several years, hospitals have continued to feel the impact of increased utilization of contract nursing and other contract services. Although these services have developed into a major expense line item, it is important for hospitals understand how expenses related to contracted services can impact the wage index factor for Medicare reimbursement. Contract […]

Learn More
shamrocks not-for-profit tips

3 Lucky Tips for Not-For-Profits to Avoid Bank Fraud

Trusted Insights from The National Bank of Indianapolis Nonprofit Services Team Not-for-profit organizations are increasingly falling victim to fraud, with a rising number of incidents and an ever-growing amount of money being lost. Fraudsters find it easy to target not-for-profits, as their publicly available 990s provide valuable information. Protecting your organization from such fraudulent activities […]

Learn More

Capital Efficiency Concepts: How to Evaluate Capital Purchases

Rising interest rates and historic inflation are impacting hospital purchasing decisions. Using capital efficiency concepts in making hospital purchasing plans is as important as ever. What is Capital Efficiency? Capital efficiency refers to how effectively a hospital deploys its resources to generate returns. In the context of fixed assets and software purchases, capital efficiency involves […]

Learn More