Transaction Activity Slowed by COVID-19
After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activi
BSM Continues to Assist Dealers Navigate the Ever-Changing PPP Loan Rules
BSM Shareholder, Richard Sox, has presented seven (7) seminars on the Paycheck Protection Program loan eligibility and forgiveness thus far for various dealer organizations. The co
BSM and Hagens Berman File Appeal on behalf of VW Dealer Class
BSM and its co-counsel, Hagens Berman, recently filed an appellate brief seeking to overturn the trial court’s dismissal of the VW dealers’ claims against Robert Bosch GmbH and
KMA Remains Extremely Active in Pursuing Franchise Terminations
We continue to see Kia Motors America issue Notices of Termination to dealers across the United States. In the last three months alone, BSM has been retained by Kia dealerships in
Interim Final Rule on Loan Review Procedures and Related Borrower Responsibilities
The U.S. Small Business Administration has posted an Interim Final Rule on Loan Review Procedures and Related Borrower Responsibilities which outlines the forgiveness application,
Final Rule on Loan Forgiveness
The U.S. Small Business Administration has posted an Interim Final Rule on Loan Forgiveness which serves to codify guidance in the forgiveness application package. Link here.  
Paycheck Protection Program Loans FAQs 4 – Reposted from the SBA
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions
BSM Presentation
BSM Presentation – PPP Loan Eligibility, Use and Forgiveness: BSM Webinar PPP Loan Eligibilty Use and Forgiveness 05-06-20
Paycheck Protection Program FAQs 3 – Reposted from the SBA
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions
Paycheck Protection Program Loan Eligibility and Forgiveness Considerations – Reposted from the SBA
Now that many motor vehicle dealerships have successfully received their PPP loan proceeds, there are a number of considerations which should be weighed before spending loan procee