This loan has been disbursed by the lender and has not yet been fully repaid or forgiven.
The exact status of ongoing loans is not released by the SBA. The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2. However, specific calculation methods vary based on entity type and have numerous qualifications.
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. 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.
Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only. Based 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.
HUBZone: Y. All information displayed on this is publicly available information under PPP loan guidelines, in compliance with 5 U. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.
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Calculation methods vary based on entity type. Toggle Federal Pay. Federal Pay. 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 payroll expenses and other variables described above.
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