Small Business Paycheck Protection Program Loan Calculator


Use this simple PPP Loan Calculator to compute - Maximum Loan you are eligible for; loan forgiveness amount (by headcount) and loan forgiveness amount (by wage reduction). Modify for your own practice.

Enter Practice Information


Number of Employees/month
From Feb 15, 2019 to June 30, 2019,
OR from Jan 1, 2020 to Feb 29, 2020

Number of employees earning > $100K/year
Number of employees earning < $100K/year


Maximum Loan Amount


Employee # Gross salary *** including healthcare and other benefits (last 12 months) Gross salary *** including healthcare and other benefits (capped at $100K)
Add employee
TOTAL PAYROLLLess Federal Payroll taxes, Railroad retirement taxes, Inc. taxes
TOTAL AFTER DEDUCTIONS
AVERAGE MONTHLY PAYROLL
MAXIMUM LOAN AMOUNT

*If your ave. monthly payroll is much lower than what it was in 2019, then a different formula applies as below.

Payroll costs for 8 weeks
(note: if your payroll is less today than last year, you are REQUIRED to either re-hire workers or use the lower payroll number you have today)
Rent payments for the next 8 weeks
Interest portion of mortgage payments (8 wks)
Utility payments for the next 8 weeks

**Eligible payroll expenses for calculating PPP loan amounts include:

  • Compensation (salary, wages, commission, oe similar compensetion, cash tips etc.)
  • Payment for vacation, family, medical, sick leave
  • Allowance for employee dismissal or seperation
  • Payment for group health-care benefits, including insurance premiums
  • Payment of employee retirements benefits
  • Payment of state and local taxes imposed on the compensation of employees. Rent payments for the next 8 weeks
  • Interest portion of mortgage payments (8 wks)
  • Utility payments for the next 8 weeks

Loan Forgiveness Amount (by headcount)


Coverage period (days)
Loan origination date
Loan end date
Loan approved and received
# of FTEs before covered period
# of FTEs during covered period (Weeks 1 to 4)
# of FTEs during covered period (Weeks 5 to 8)
Ave. # of FTEs during covered period
Forgiveness amount (after headcount reduction)
Payable loan (or Forgiveness penalty)

Loan Forgiveness Amount (by wage reduction)


Employee # Previous salary (last full quarter) Previous salary per month (Quarter divided by 3) Eligible salaries (remove employees with salaries > $100K) % of salary reduction New monthly salary after reduction Monthly salary amount that was reduced Maximum salary reduction to avoid Forgiveness Penalty (25%) Forgiveness penalty amount
TOTAL
Loan received
Forgiveness amount after wage reduction

Summary


Number of employees/monthFrom Feb 15, 2019 to June 30, 2019,
OR from Jan 1, 2020 to Feb 29, 2020
Number of employees earning > $100K/year
Number of employees earning < $100K/year
Maximum Loan Possible
Start date of Loan
End of covered period (8 weeks later)
Actual Loan received
Less Forgiveness Penalty (by headcount)
Less Forgiveness Penalty (by wage reduction)
Total Forgiveness Amount
Forgiveness Penalty