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TO CREATE AN EDITABLE COPY OF THIS CALCULATOR, CLICK 'FILE' > 'MAKE A COPY'
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KEYMAX LOAN AMOUNT
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Enter DataAverage Applicable Payroll Costs $ - - Average for the 12 month preceding periods
- If a business was not in existence during the 2019 period you can use payroll between 01/01/2020 - 02/29/2020
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CalculationMultiple 2.5
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Estimated Max Loan Amount $ -
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SIZE STANDARDSCompany Determined Loan Amount $ - - Caclulates based on estimated payroll costs; may override up to Max Loan Amount
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NAICS Code
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NAICS Code Employee Max*
COSTS DURING 8 WEEKS AFTER LOAN
TotalsEligibility Notes
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Alternative Employee Count500Net Applicable Payroll Costs $ - Assumes May/June 2020
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Interest on Real/Personal Property MortgageObligations in existence before 02/15/20
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Employee Size Standards To Be Used500Rent under a Lease AgreementIn force before 02/15/20
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Number of Employees at Company** - Utility PaymentsIncluding electricity, gas, water, transportation, telephone or internet
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Does the borrower qualify for the program?Qualifies
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FORGIVENESS CALCULATOR
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* 500 Employee Max per Location for Employers in NAICS Code Subsector 722—Food Services and Drinking PlacesAvg FT-Employees Look-back -
Lesser of 02/15/19 - 06/30/19 or 01/20 - 02/20; Calculation includes all of 02/19
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Avg FT-Employees for 8 Week Coverage Period
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Ratio of Forgiveness -
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This calculator has been provided by Forgiveness Reduction -
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Wage and Headcount Restoration
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Estimated Forgiven Amount -
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Payroll Costs 75% of Loan?
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Additional Payroll Costs to Qualify for Forgiveness
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