Less, however still some, of the loan could be forgiven if the organisation reduced payroll by method of personnel or income decreases. 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 unbiased procedure, an absurdly good loan. If you return your PPP loan during the Safe Harbor window, you effectively never had the loan. There are no prepayment charges on PPP loans.
Complicating 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 unbiased procedure, a ridiculously good loan. If you return your PPP loan during the Safe Harbor window, you effectively never ever had the loan.
