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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Less, however still some, of the loan could be forgiven if the company 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 unbiased step, an absurdly excellent loan. If you return your PPP loan during the Safe Harbor window, you effectively never had the loan. There are no prepayment penalties on PPP loans.

Making complex matters further 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 measure, an absurdly excellent loan. If you return your PPP loan during the Safe Harbor window, you effectively never had the loan.

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