Making complex matters further is some confusion 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, a ridiculously excellent loan. If you return your PPP loan during the Safe Harbor window, you efficiently never had the loan.
Less, but still some, of the loan could be forgiven if the business reduced payroll by method of personnel or income 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 procedure, a ridiculously good loan. If you return your PPP loan during the Safe Harbor window, you efficiently never had the loan. There are no prepayment charges on PPP loans.
