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Is Selling a Viable Option with an Unresolved PPP on the Books? April 26, 2021 Brand Story - When the second round of PPP funding became available in January 2021, our firm saw a significant drop off in the number of clients seeking a second PPP loan. I view this is a positive indication that the first round did its job, and that we are in a different economic environment today than at this point last year. For the new lending round, businesses must demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. Logically, certifying that the loan is necessary is also going to be difficult for clients who have done fairly well. That said, a lot of businesses continue to struggle and the latest round of funding is going to really help them survive during this current phase. I’m seeing a notable split between businesses that are doing well, and those that are really hurting. For those in the latter category, M&A is a welcome and sound strategy

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