If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.ģ. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.Ģ. Calculation methods vary based on entity type. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Estimations for informational purposes only. On the PPP application, Bakken Transload, LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Bakken Transload, LLC in Ross, NDġ. Located in Cheyenne, WY, Cheyenne Logistics Hub is the premiere industrial park and transportation hub in the Rocky Mountain Region. In order to qualify for the PPP loan amount received, Bakken Transload, LLC's 2019 payroll expenses are estimated to be at least $2.6M (not accounting for salary amounts > $100k).īecause the 25 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated. On the PPP application, Bakken Transload LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Bakken Transload LLC in Ross, NDįor Bakken Transload, LLC, the calculation used to estimate payroll costs is shown below:īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Bakken Transload LLC's 2019 payroll expenses are estimated to be at least $2.6M (not accounting for salary amounts > $100k).īecause the 26 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated. Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above).
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