Less, but still some, of the loan might be forgiven if the company decreased payroll by way of staff or wage decreases. 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, an absurdly good loan. If you return your PPP loan throughout the Safe Harbor window, you efficiently never ever had the loan. There are no prepayment penalties on PPP loans.
Complicating matters further 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 measure, a ridiculously great loan. If you return your PPP loan during the Safe Harbor window, you effectively never ever had the loan.
