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 during the Safe Harbor window, you efficiently never ever had the loan.

Less, but still some, of the loan might be forgiven if the organisation decreased payroll by method of personnel or salary reductions. Complicating 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 measure, a ridiculously excellent 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.

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