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 could be forgiven if the organisation reduced payroll by way of staff or salary reductions. 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 unbiased step, an absurdly good loan. If you return your PPP loan during the Safe Harbor window, you efficiently never had the loan. There are no prepayment penalties on PPP loans.

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