Less, however still some, of the loan might be forgiven if the organisation reduced payroll by way of personnel or wage decreases. 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 objective measure, an absurdly 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.
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, an absurdly excellent loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never had the loan.
