Payroll Protection Program

Debt Forgiveness Calculator

Use this spreadsheet to help you figure out what debt forgiveness you can expect from the Payroll Protection Program loans.
Get the PPP Debt Forgiveness Calculator in Microsoft Excel Format

What is the Payroll Protection Program (PPP)?

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.


You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

FAQ for Lenders & Borrowers
How to Calculate Loan Amounts
Applicable Affiliate Rules
Interim Final Rule for Applicable Affiliation Rules