When You Should (& Shouldn’t) Return PPP Money & How To Return PPP Funds If It’s Not The Right Fit After All

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Complicating matters further is some confusion in between the PPP and the SBA’s other significant coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any objective procedure, a ridiculously good loan. If you return your PPP loan throughout the Safe Harbor window, you effectively never had the loan.

Less, but still some, of the loan might be forgiven if the business reduced payroll by way of personnel or income decreases. Making complex matters further is some confusion between the PPP and the SBA’s other significant coronavirus intervention, Economic Injury Disaster Loans. A 1%interest loan with a six-month deferment is, by any objective procedure, a ridiculously excellent loan. If you return your PPP loan throughout the Safe Harbor window, you efficiently never had the loan. There are no prepayment charges on PPP loans.

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