HAS ANYONE COMPLETED A STOCK ACQUISITION AND KEPT AN EIDL LOAN IN PLACE?
We're in discussions to acquire a pandemic-impacted company that has an EIDL loan of ~$175k in place. Instead of doing an asset purchase, we're considering a stock acquisition in the hopes of being able to keep the EIDL loan given its favorable terms. Reading through the EIDL paperwork, any merger, consolidation, etc. has to be pre-approved by the SBA in order to keep the loan in good standing. Has anyone gone through this process?