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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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 throughout the Safe Harbor window, you successfully never had the loan.

Less, but still some, of the loan could be forgiven if the organisation reduced payroll by method of staff or wage decreases. Complicating 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 great loan. If you return your PPP loan throughout the Safe Harbor window, you effectively never ever had the loan. There are no prepayment penalties on PPP loans.

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