Paycheck Protection Program Loan Calculator

Estimated Maximum PPP Loan Amount

Your maximum PPP loan amount will be 2.5 times your average monthly payroll costs, up to $10 million. You can only receive one PPP loan, so if you apply for a PPP loan you may consider applying for the maximum amount you are eligible for.


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Your maximum PPP loan amount can be no more than $10 million.

Note: Please keep the backup calculations ready


Forgiveness Calculator

Estimated PPP Loan Forgiveness

The amount of loan forgiveness can be up to the full principal amount of the loan and any accrued interest. The actual amount of loan forgiveness will depend, in part, on the total amount of payroll and other eligible costs over the eight-week period following the date of the loan. Due to high demand for PPP loans, a maximum of 25% of the loan amount used for eligible non-payroll costs is expected to be forgivable.

Assuming employee and compensation levels are maintained, the below is an estimate of your forgivable and non-forgivable loan amounts.




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Converts to 2 year term loan with 1% interest

Application Instructions

For more information, please refer to the documentation provided by U.S. Department Of The Treasury here

Required Documents

Below you start the application, please have the below list of documentation:

All Applicants

  • Business start date
  • Government issued ID (front and back)
  • Bank account and routing number
  • Monthly Payroll Report
  • Medical Insurance payment verification (If applicable)
  • Documentation confirming retirement benefits (If applicable)
  • Economic Injury Disaster Loan (EIDL) statement (If applicable)

Sole Proprietors and Self Employed

  • 2019 IRS Form 1099-MISC if you are an independent contractor
  • 2019 IRS Form 1040 Schedule C if your business is a sole proprietorship
  • Bank account and routing number
  • Monthly Payroll Report
  • Medical Insurance payment verification (If applicable)
  • Documentation confirming retirement benefits (If applicable)
  • Economic Injury Disaster Loan (EIDL) statement (If applicable)

If you are a non-profit or if you have employees

  • If your business is seasonal, 2019 IRS Form 941 for Q1 & Q2
  • If your business is not seasonal, 2019 IRS Form 940
  • 2019 IRS Form W-3
  • Articles of organization
  • Monthly payroll statements that outline these costs by month
  • Salary, wages, commissions, or tips (not exceeding $100,000 annually for each employee)
  • If you have employees making over $100,000, provide their W-2s
  • If you have employees outside the US, provide W-2s for those living abroad
  • Costs for vacation, parental, family, medical or sick leave
  • Costs for separation or dismissal of employees
  • State & local taxes assessed on employee compensation
  • If you’re a seasonal business but were not operating in Q1 or Q2 of 2019, provide IRS for 941 since your business start date

Payroll providers like ADP and Paychex can give you a tailored report for PPP loan purposes.

This calculator is provided by MST Solutions and does not constitute legal or tax advice. Information continues to evolve rapidly, and this calculator should be viewed as an estimate only. You agree to accept full responsibility for any losses or damages that result from your use of this tool. Please discuss your specific situation with an appropriate tax, legal, or other appropriate professional.