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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Less, but still some, of the loan might be forgiven if the service decreased payroll by way of personnel or income reductions. Complicating matters even more 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 objective procedure, an absurdly 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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