PPP2 FOR NEW ACQUISITIONS??
Since PPP2 eligibility requires applicants to show a 25% YoY quarterly revenue decline from 2019 to 2020, many of us with late[redacted]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?