Covid-19: PPP Considerations for Business Valuation
The ongoing Covid-19 pandemic has made fundamental changes in how people interact with the world around them. Businesses immediately felt the impact. Small businesses of all kinds were forced to shut their doors in order to protect the public and their employees. The Paycheck Protection Program (PPP), among other emergency relief funds, was offered as a remedy. It was designed to provide needed cash flow in order to continue paying some of the necessities in running a business, such as employee payroll, mortgages/leases, and utilities. It has been almost ten months since the beginning of the pandemic. In this time, life carried on. Unhappy spouses still sought divorce. And as part of those divorces, businesses still required valuations, including businesses that utilized the PPP. But how can the PPP affect the value of a business? Continue reading →