Answer: In this case, your maximum PPP loan amount is generally equal to times your average monthly payroll costs incurred in January and February 2020, plus the outstanding amount of any EIDL loan received between January 31, 2020, and April 3, 2020, that will be refinanced by the PPP ;· The SBA plans to announce changes to the Economic Injury and Disaster Loan (EIDL) program this coming week. These changes are said to include raising the EIDL limit to $2 million (up from the current $500K limit).16/04/2020 · In general, the SBA has applied a multi-phase approach in determining EIDL amounts that have been historically based on the following terms (subject to change by further guidance issued by the SBA): Phase I – Based on a 4x multiple of historical Monthly Average Gross Profits (limited to $300,000).• Step 4: Add the outstanding amount of any Economic Injury Disaster Loan (EIDL) made between January 31, 2020 and April 3, 2020 that you seek to refinance. Do not include the amount of any advance under an EIDL COVID-19 loan (because it does not have to be repaid). Your 2019 IRS Form 1040 Schedule C must be provided to substantiate the applied-for24/03/2021 · Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500, Much EIDL Loan Increase Can I Get 2021 | Amount of SBA SBA to Increase Lending Limit for COVID-19 Economic Injury SBA Economic Injury Disaster Loan Amount Calculations | P&NSBA to Increase Lending Limit for COVID-19 Economic Injury 22/04/2021 · Okay once you take your 2019 gross receipts you subtract your 2019 cost of goods sold, you divide by 12, you multiply by 24 and you subtract the EIDL loan amount that you already got okay. And then that number up to $500,000 we think that’s the amount of increase that you can request; the max that you can request from the SBA , if any, and operating expenses. The maximum loan amount under Phase II processing is $2,000,000. This is your gross profit. Divide by 2 = maximum Phase I EIDL amount …

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