20/08/2020 · Calculate Your PPP Loan Amount. The maximum amount of money you can borrow through the PPP is equal to times your average monthly payroll costs or $10 million, whichever is third round of Paycheck Protection Program (PPP) loans was authorized by the passage of 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. First-Draw PPP loans Draw PPP Loan amount (up to $10 million)? (Note that PPP loan forgiveness amounts will depend, in part, on the total amount spent by the borrower during the covered period following disbursement of the PPP loan.) Answer: The following methodology should be used to calculate the maximum amount22/04/2021 · The maximum amount for a PPP loan is times your average monthly payroll costs. Income listed on a Schedule C in your personal tax return is the only payroll that can be used to calculate your PPP loan amount. If you’ve hired 1099 workers, they cannot be included in your PPP loan calculation and may apply for their own PPP ;· Step 3: Multiply the average monthly net profit or gross income amount from Step 2 by This amount cannot exceed $20,833. This is the amount most self employed borrowers with no employees will use to qualify for a first-time PPP loan. How …PPP Loans for the Self-Employed: Everything You Need to KnowHow To Apply For A PPP Loan if You're Self-Employed | NavNew PPP Loan Funds Now Available | Skip your Bank and PPP Calculator: How Much Can Your Business Get? - SmartAsset

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