PPP Loan Calculator
Calculate PPP loan eligibility and forgiveness. Formula: Loan = Monthly Payroll × 2.5 (or 3.5 seasonal). Educational reference for 2020 program.
Formula
Loan = Min(Monthly Payroll × Multiplier, $2M)
$50k payroll, 2.5x
Inputs
- Monthly Payroll ($): 50000
- Multiplier (2.5 or 3.5): 2.5
Loan = $125,000
Frequently asked questions
Forgiveness?
75% payroll costs, 25% other eligible expenses