When You Should (& Shouldn’t) Return PPP Money & How To Return PPP Funds If It’s Not The Right Fit After All

thumbnail

Less, however still some, of the loan could be forgiven if the service decreased payroll by method of staff or income reductions. Complicating matters even more 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 objective procedure, 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.

Making complex matters even more 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 excellent loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never had the loan.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top