Accounting Alternatives for COVID-19 and Their Impact on EBITDA – CEOs, CFOs, Board Members, and Lenders Take Note

As spring ebbed into summer this past year, the economic impact of the pandemic inflicted severe stress across all economies and geographies. The U.S. government responded with stimulus through various means, including the CARES Act and its now renowned Paycheck Protection Program (PPP) loans. Many state, county, and municipal governments also responded with aid to businesses, including eviction moratoria, grants, and other fiscal aid.

These efforts were well placed, and they have often provided businesses the help needed to pay their teams and to keep their business afloat. The programs have also demanded significant time from business owners, operations leaders, and financial executives.

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