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Ignite Series: How New Guidance From The SBA Could Impact Mergers and Acquisitions
November 11, 2020 @ 12:00 pm - 12:45 pm
Hear from Robert N. Rubin, Senior Managing Director, Boustead Securities on New Guidance From The SBA regarding PPP loans.
PPP loans have been a lifeline for many businesses during the current economic downturn caused by the Covid-19 pandemic.
A lot of PPP loan recipients are still experiencing financial distress and are grappling with what the future may hold. We are seeing a marked pick up in owners of businesses with revenues of $10-50 million across a wide array of industry segments, who are now seriously considering a sale as the best path to maximize and realize enterprise value.
New guidance from the SBA regarding PPP loan recipients could potentially add time and complexity to the M&A process. These requirements need to be understood early in the transaction process by both buyers and sellers to avoid the potential for undermining the goals of both parties.