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Paycheck Protection Program Loan Calculator

Paycheck Protection Program (PPP) Loans through SBA

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27. One of the provisions of the Act is the Paycheck Protection Program. The PPP program provides cash-flow assistance to small business owners through 100 percent federally guaranteed SBA loans to employers who maintain their payroll during this COVID-19 emergency. If employers maintain their payroll or rehire immediately those that were recently furloughed due to the epidemic, the loans will be forgiven. PPP loans offer forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year. Small businesses and other eligible entities will be able to apply through their bank if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program is retroactive to February 15, 2020. Loans are available through June 30, 2020. Use this calculator to see how much you might qualify for. The government application form can be found here.

2019 PAYROLL COSTS (PURSUANT TO PPP POLICIES)

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This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.