Less, but still some, of the loan could be forgiven if the company reduced payroll by method of personnel or wage reductions. Complicating 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 objective step, a ridiculously great loan. If you return your PPP loan during the Safe Harbor window, you successfully never had the loan. There are no prepayment charges 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 step, an absurdly good loan. If you return your PPP loan during the Safe Harbor window, you efficiently never ever had the loan.
