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How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide - By Business Type

How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide - By Business Type

Published: January 19, 2021

The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this updated guidance to assist businesses in calculating their payroll costs (and the relevant documentation that is required to support each set of calculations) for purposes of determining the maximum amount of a First Draw Paycheck Protection Program (PPP) loan for each type of business. 

Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act, the Economic Aid Act, and of the Paycheck Protection Program Interim Final Rules [How to Calculate Max Loan Amounts for First Draw PPP Loans by Business Type].

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