PPP Loan Calculator: Estimate Your Loan Amount & Forgiveness

Simple PPP Loan Calculator — See Eligibility & Repayment Options

What it does

• Estimates your potential Paycheck Protection Program (PPP) loan amount based on inputs like payroll costs, self‑employment income, and covered period.
• Projects how much of the loan may be eligible for forgiveness by calculating payroll and allowable nonpayroll costs.
• Shows repayment terms for any nonforgiven portion (interest rate, maturity, payment schedule).
• Provides eligibility checks (small business size, self‑employed rules, affiliation rules, and covered period requirements) based on typical PPP guidelines.

Typical inputs required

• Business type (LLC, sole proprietor, S‑corp, C‑corp)
• Number of employees
• Average monthly payroll or 2019/2020/2021 payroll totals
• Owner compensation or self‑employment net profit
• Payroll taxes and benefits included (health insurance, retirement)
• Covered period length (8 or 24 weeks) and chosen forgiveness period
• Nonpayroll covered expenses (rent, mortgage interest, utilities)
• Date of loan origination

Common outputs shown

• Estimated maximum loan amount (e.g., 2.5× monthly payroll or 3.5× for certain NAICS codes)
• Breakdown of payroll vs nonpayroll expense allocation
• Estimated forgivable amount and remaining balance
• Estimated monthly payment, interest rate, and term for unforgiven portion
• Suggested documentation checklist for forgiveness application

User benefits

• Quick, scenario-based estimates to aid borrowing decisions
• Helps prioritize spending to maximize forgiveness
• Produces a printable summary and documentation checklist for lenders and accountants

Limitations to note

• Rules and multipliers have changed over time; results are an estimate and depend on current program rules and lender interpretation.
• Exact forgiveness requires lender review and submission of supporting documents.
• Calculators differ in handling owner compensation caps, seasonal employees, and safe‑harbor rules—use conservative assumptions or consult a professional.

Next steps (recommended)

1. Gather payroll records, tax forms (Form 941, 1040 Schedule C, W‑2s), and proof of nonpayroll expenses.
2. Run several scenarios (8‑week vs 24‑week covered periods; include/exclude owner comp).
3. Save or print the summary to share with your lender or accountant.
4. Confirm final eligibility and forgiveness rules with your lender or a tax advisor.