Complicating 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 objective procedure, a ridiculously excellent loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never had the loan.
Less, however still some, of the loan might be forgiven if the organisation reduced payroll by method of personnel or wage decreases. Complicating matters even more 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 unbiased procedure, a ridiculously great loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never ever had the loan. There are no prepayment penalties on PPP loans.
