PPP escrow accounts

searcher profile

January 06, 2021

by a searcher from Dartmouth College - Tuck School of Business at Dartmouth in Boston, MA, USA

Has anybody else escrowed PPP funds because they sold their business before forgiveness was granted? If so, what interest rate was applied to your escrowed funds?


Thanks!

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commentor profile
Reply by a professional
from Marquette University in Kirkland, WA, USA
I had a couple client deals with escrow accounts for PPP loans. They were standard savings accounts and not much more is needed as it's to be very short term.
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