Quickly estimate the Loan Forgiveness amount with our Simulator.
How to Estimate Your Paycheck Protection Program Loan Forgiveness Amount :
Assemble the information indicated in the Simulator. Read the information for each category before gathering the information to ensure the accuracy of the data input. Then input the computed data in the Simulator. If you want to simulate your forgiveness amount before the end of the 8-week covered period, you can indicate estimated amount or a combination of actual and estimated amounts.
This estimator is not adequate to document your forgiveness claim with your bank or the SBA. You will need to provide an accurate and detailed calculation along with supporting documentation.
Total Reduction Calc8
Reduction in FTE Calc7
Reduction FTE % Calc6
Total Allow Calc5
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*All information provided during this process will only be used for the sole purpose of your loan forgiveness and will not be sold to any third party.
This loan forgiveness simulator is posted for informational purposes only by MyPPPForgiveness Inc. The amount of your Paycheck Protection Program ("PPP") loan that may be forgiven is an estimate only and based solely on interpretations of the CARES Act and guidance released through May 10th, 2020 ("the Act"). There are areas of the Act where additional clarification from the U.S. Department of the Treasury ("the Treasury") and the U.S. Small Business Administration ("the SBA") SBA is needed. Your judgement and interpretations of the Act may be necessary. These Materials do not determine the eligibility of the users to the PPP loan or its forgiveness.
MyPPPForgiveness Inc. is not responsible for the accuracy of this content. The information in These Materials should not be considered legal, tax, accounting, investment or fiduciary advice. If you require legal or investment advice, or need other professional assistance, you should always consult your attorney or other professional advisors to discuss your particular facts and circumstances for an accurate judgement and interpretation of the Act.