Mary Ann Domuracki, managing director at MMG Advisors, said that many companies are trying to hold on, especially as business has picked up. “In all likelihood, they’ll hang on a little bit longer. But lenders aren’t as kind as they were last year, when there was government support,” she said, adding that her firm is hearing that larger lenders are looking to prune their portfolios, and are even “persuading borderline companies to find alternative lenders.”
