How Much Can be Borrowed for Paycheck Protection Program?

Updated Apr 03, 2020

Are you a seasonal employer?

Are you a seasonal employer?

Were you operational in 2019?

Was your business operational in 2019?

Calculate Maximum amount

You'll take the  Average Total Monthly Payroll costs from 2019 and multiply that by 2.5.

The amount cannot exceed $10 million.

To get your Average Total Monthly Payroll costs, you'll need the sum of your included payroll costs minus the sum of your excluded payroll costs.

Average Total Monthly Payroll Costs During Year PRIOR to loan date Multiply 2.5 Maximum Loan
$____________________ x 2.5 $ ________________

Calculate Maximum amount

You'll take the  Average Total Monthly Payroll costs January and February of 2020 and multiply that by 2.5.

The amount cannot exceed $10 million.

To get your Average Total Monthly Payroll costs, you'll need the sum of your included payroll costs minus the sum of your excluded payroll costs.

Average Total Monthly Payroll Costs for January and February 2020 Multiply 2.5 Maximum Loan
$____________________ x 2.5 $ ________________

Calculate Maximum amount

You'll take the  Average Monthly Payroll costs from a start date of either February 15, 2019 or March 1, 2019––you get to decide which date you start with––and the Average Monthly Paryoll from that date to June 30, 2019, you will multiply by 2.5.

The amount cannot exceed $10 million.

To get your Average Monthly Payroll costs, you'll need the sum of your included payroll costs minus the sum of your excluded payroll costs.

Average Total Monthly Payroll Costs from February 15, 2019 or March 1, 2019 (decided by recipient) to June 30, 2019 Multiply 2.5 Maximum Loan
$____________________ x 2.5 $ ________________
Congratulations, you are done!
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