PPP2 for new acquisitions??

by a searcher from Harvard University - Harvard Business School

3 years ago

Since PPP2 eligibility requires applicants to show a 25% YoY quarterly revenue decline from 2019 to 2020, many of us with late###-###-#### acquisitions may not have prior year operations for our own entity to establish the baseline (unless it was a stock sale).  My thought would be to use my seller's prior year quarterly revenue for comparison, but that's not technically my entity, as my entity was formed as of the acquisition.  Any experts who can advise, please?

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searcher from University of Pennsylvania - The Wharton School

^Searchfunder member‌ Thanks for the links above! The language in the PPP 2nd Draw document, on page 23 section B, refers to acquisitions in 2020 being eligible relative to this posts prompt. I acquired my company in Q2###-###-#### does the same apply for 2019 acquisitions and then comparing Q1###-###-#### old company) to Q1###-###-#### NewCo) quarters to show the revenue decline? I couldnt find anything that specifically addressed that scenario.

3 years ago | like reply | 0 likes

searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business

^Searchfunder member‌ You are awesome! Thank you.

3 years ago | like reply | 0 likes

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