PPP Loan Forgiveness Calculator

Calculate your Paycheck Protection Program loan forgiveness amount and track SBA compliance

💰 Loan Information

PPP Loan Amount ($)

Total Payroll Costs ($)

Wages, health insurance, retirement, state payroll taxes

Rent/Lease Payments ($)

Utilities ($)

Electric, gas, water, phone, internet

Mortgage Interest ($)

Interest only, not principal

Other Eligible Costs ($)

PPE, software, supplier costs, etc.

Reference Period FTE

Average FTE in reference period

Covered Period FTE

Average FTE during covered period

Wage Reduction Penalty ($)

Penalty for salary cuts >25%

$90,000

90.0% of loan forgiven

Amount Not Forgiven

$10,000

Must be repaid at 1% interest

Payroll Costs$70,000

77.8% of total

Non-Payroll Costs$20,000

Total Eligible$90,000

60% Payroll Test✅ Pass

FTE Ratio100.0%

10 ÷ 10 FTE