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 even more 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 objective measure, an absurdly excellent loan. If you return your PPP loan throughout the Safe Harbor window, you efficiently never had the loan.

Less, but still some, of the loan might be forgiven if the company reduced payroll by way of staff or income decreases. Complicating 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 step, an absurdly great loan. If you return your PPP loan throughout the Safe Harbor window, you successfully never had the loan. There are no prepayment charges on PPP loans.

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