410K early withdrawal with penalty, Cares act

[Peace Lily]

Hi BP investors and CPA professional, I have a question re. this topic. I currently have a loan of 30,000 against my 401K. Due to furlough status since 04/01/2020 and reduction of work force, my position was eliminated. Because of Cares Act, my loan was deferred till January 2021. My question is should I withdraw my 401K and pay off the loan 30,000 and then roll over the balance to my IRA account now or wait till January 2021 to do that? Would I have to pay 10% early withdraw penalty if I do it now or January 2021? My tax bracket is 24%.