Paycheck Protection Program Loan Estimator

Disclaimer: This tool is only intended to give you an estimate of the possible loan amount for the Paycheck Protection Program (PPP). Your SBA approved bank will help you determine more accurate calculation.

Explanation on How to Calculate Estimates — Please Read

  • Enter the average total amount (in dollars) for monthly payroll, wages, commissions and payments made to US employees or US contractors making less than $100,000 per year. Your loan amount will cover any qualified individual who receives less than $100,000 per year. Therefore, take your payroll roster and eliminate the totals belonging to any individuals or contractors who make over $100,000 annually. Insert that dollar amount in field #1.
  • Enter the number of employees making over $100,000. This is not a dollar amount, this is a quantity. Your business is eligible for $8,333 per employee who makes over $100,000. Insert the employee count in field #2.
  • Enter your average monthly health insurance premiums and average monthly retirement benefits (if any). Enter those amounts in fields #3 and #4.


Are we eligible and how much can I get?


Payroll costs: $-

× 2.5

Estimated Loan Range: $-

Please know this is just an estimate. This does not include payroll taxes.

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Keep in mind this is an estimate. Actual loan amounts may fluctuate based on provided documentation to your SBA approved lender. Your forgivable amount will be calculated on proof the loan was used to pay for payroll, rent / mortgage interest, and utilities for business purposes.

For more specific calucations, use the following calculations: 

Total the following amounts for the last 12 months and add them together.

  • Salary, wage, commission or similar compensation
  • Payment of state or local tax assessed on the compensation of the employee 
  • Payment of cash tip or equivalent
  • Payment for vacation, parental, medical or sick leave
  • Allowance for dismissal or separation

Total the following amounts and then subtract it from the above total amount.

  • Compensation of an individual employee in excess of an annual salary of $100,000, as prorated for the period of February 15, 2020 to June 30, 2020
  • Payroll taxes, income taxes, and railroad retirements taxes
  • Any compensation of an employee whose principal place of residence is outside the U.S
  • Qualified sick leave wages, or qualified family leave for which a credit is allowed under the Families First Coronavirus Response Act

Average the combined numbers for 12 months to get your monthly average. Enter that amount in step 1 and leave step 2 blank.