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

thumbnail

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 procedure, an absurdly excellent loan. If you return your PPP loan during the Safe Harbor window, you successfully never had the loan.

Less, but still some, of the loan might be forgiven if the organisation decreased payroll by method of staff or salary reductions. Making complex 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 unbiased measure, an absurdly good loan. If you return your PPP loan during the Safe Harbor window, you efficiently never ever had the loan. There are no prepayment penalties on PPP loans.

Leave a Reply

Your email address will not be published.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

Back To Top