Ppp Loan Forgiveness Worksheet Sample

Ppp loan forgiveness example calculations.

Ppp loan forgiveness worksheet sample. Ppp loan forgiveness calculation form. If a section doesn t apply to an employer it won t display in the report. Small business administration sba on august 11 2020 we will periodically update this information so please check back often and consider bookmarking this page. Either you are in the midst of applying playing the waiting game or you recently received your ppp loan funds.

Borrowers seeking loan forgiveness for ppp loans can apply for forgiveness through their lenders. This will be the full loan amount that you received. Download the ppp loan forgiveness templates last week the treasury issued an faq to provide a recovery period to public companies that took ppp loans when they had adequate resources. If you just received your funds you are undoubtedly struggling to calculate your potential loan.

Please read the instructions in the worksheet which indicate how to use the resources as intended. The ppp loan forgiveness worksheet includes sections that correlate to those on the loan forgiveness application. Ppp estimated maximum loan forgiveness amount worksheet. They ll need to verify the number of employees on the payroll and their pay rates during the loan forgiveness covered period after their loan was disbursed.

If funds were sent in. The information in this page is based on laws rules regulations and related guidance with respect to the paycheck protection program ppp including guidance issued by the u s. Sba may direct a lender to disapprove the borrower s loan forgiveness application if sba determines that the borrower was ineligible for the ppp loan. Business address business tin ein ssn business phone primary contact e mail address.

Creating a payroll report may help verify these numbers and expedite the auditing process. Ppp loan forgiveness calculation form business legal name borrower dba or tradename if applicable enter the same business name used on your ppp application which should be identical to the name you use on your tax returns. We know many of you are in varying stages of ppp loan land right now. The loan forgiveness calculators use available guidance from the small business administration sba and treasury along with interpretations of that guidance see notes throughout to estimate the amount of a ppp loan that may be eligible for.

The day that the funds arrived into your bank account. Employee compensation of less than or equal to n nnn for the nn week period. Not sure where to start. The certification documentation provided in the worksheets above allows you to document how and why the ppp loan funds were considered necessary for your company.

Your lender should not have charged fees or taken any amount away. The borrower s eligibility for loan forgiveness will be evaluated in accordance with the ppp regulations and guidance issued by sba through the date of this application.