Less, however still some, of the loan might be forgiven if the company decreased payroll by method of personnel or wage reductions. Complicating matters even more 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 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.
Complicating 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 objective procedure, an absurdly good loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never ever had the loan.
