Less, however still some, of the loan might be forgiven if the service reduced payroll by method of personnel or wage decreases. Making complex matters further is some confusion between the PPP and the SBA’s other major coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any unbiased procedure, a ridiculously good loan. If you return your PPP loan during the Safe Harbor window, you efficiently never had the loan. There are no prepayment charges on PPP loans.
Making complex matters further is some confusion in between the PPP and the SBA’s other major coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any objective measure, an absurdly great loan. If you return your PPP loan during the Safe Harbor window, you successfully never had the loan.
