If you've received Paycheck Protection Program (PPP) funding through the Small Business Administration (or are thinking about applying), you probably have questions about how the loan forgiveness part of the program works. While you’ll need to perform a payroll and expense audit to determine exactly how much of your loan is likely to be forgiven, our PPP loan forgiveness calculator can help give you a good estimation of what to expect.
These calculations are based on the information you provide and are for informational purposes only. The calculations are based on government guidance that is subject to change. As additional guidance from the SBA is released, this page will be updated.
To learn more about the PPP and how it works, check out our more detailed articles:
And if you want to apply for loan forgiveness, please fill out the SBA’s loan forgiveness application and file it with your lender.
This article is for informational purposes only and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal and accounting advisors for formal consultation.