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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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 unbiased step, a ridiculously good loan. If you return your PPP loan during the Safe Harbor window, you effectively never ever had the loan.

Less, but still some, of the loan might be forgiven if the organisation decreased payroll by method of personnel or salary decreases. Making complex 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 objective procedure, an absurdly great 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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