Less, but still some, of the loan might be forgiven if the service decreased payroll by way of personnel or wage reductions. 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 unbiased step, a ridiculously good loan. If you return your PPP loan throughout the Safe Harbor window, you efficiently never ever 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 unbiased procedure, a ridiculously excellent loan. If you return your PPP loan during the Safe Harbor window, you effectively never had the loan.
