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, Strongbox Data Solutions, Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Strongbox Data Solutions, Inc in Portland, ORġ. In order to qualify for the PPP loan amount received, Strongbox Data Solutions, Inc's 2019 payroll expenses are estimated to be at least $2.09M (not accounting for salary amounts > $100k).īecause the 19 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). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.(NOTE: The PPP loan amount received by this entity indicates that it may have employees with compensation > $100k) 2 Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. Payroll Estimates Based On SBA PPP Loan Eligibility Formulaįor Strongbox Data Solutions, Inc, the calculation used to estimate payroll costs is shown below: This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap. The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 21. ![]() This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors. ![]() The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 19 jobs reported as retained on the PPP application 3. The loan's status was last updated by the SBA in July, 2021. This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. Strongbox Data Solutions, Inc in Portland, OR received a Paycheck Protection Loan of $435,200 through BMO Harris Bank National Association, which was approved in April, 2020. SES - Senior Executive Service Pay Calculator.FWS - Federal Wage System Pay Calculator.
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