Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.With Economic Disaster loan what happens as it matures at 5 years? Is there a pre-payment penalty? 2. PPP loan- want to take out 4700

1.With Economic Disaster loan what happens as it matures at 5 years? Is there a pre-payment penalty?

2. PPP loan- want to take out 4700 dollars and don't have to pay back 2000 of it. Don't want to wait 30 years to pay back.... I want to pay back in 2 years...what should I do?I want to establish credit with the small business association at the same time.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Top Accounting And Auditing Issues For 2023

Authors: CCH Tax Law Editors

1st Edition

0808059335, 978-0808059332

More Books

Students also viewed these Accounting questions