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PPP loans could haunt advisors

Two executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.

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After a record year for mergers and acquisitions in 2019 and a strong start in 2020, the COVID-19 pandemic has created several challenges for advisory firms looking outside their organizations for growth.

For one, lenders and potential deal partners may look askance at advisors who took loans under the Paycheck Protection Program, two executives say.

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