SURVEY REPORT Q4 2020
PPP Loans Stalling Some Transitions
The latest data from the Market Pulse survey of business brokers and M&A advisors suggests that PPP loans are proving to be an obstacle in roughly half of business transitions.
For businesses with PPP loans in the Main Street market, advisors say 41% have had closing delays due to uncertainty around their PPP status, 30% are having trouble getting to close due to risk allocation issues, and 10% are up against lenders who won’t fund a transaction with outstanding PPP loans.