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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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Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.
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6 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Devin

    Hi, I have a question.. Can you reopen a PPP loan if you had returned the money because you didn’t think you needed it at the time, but are in need of it now?

      Jessica Dinsmore

      Hi Devin,

      Not that we are aware of, unfortunately.

        David

        How are PPP recipients returning money to the U.S Treasury when the issuing lender hasn’t received any money from the U.S Treasury since the PPP loan forgiveness process just opened up. Shouldn’t a return of PPP funds go back to the issuing lender?

          Jessica Dinsmore

          Hi David,

          The important part of this is to follow the guidance from your lender. Each lender may have their own process for how to resolve returning payments.

            Michelle Clark

            Chris, I’ve just received the PPP loan but have decided I’d like to return it so I can take advantage of PUA. How do I return the funds now?

              Jessica Dinsmore

              Hi Michelle,

              You can find Chris’ instructions on how to return PPP funds in this section of the post.

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