Answer: In this case, your maximum PPP loan amount is generally equal to times your average monthly payroll costs incurred in January and February 2020, plus the outstanding amount of any EIDL loan received between January 31, 2020, and April 3, 2020, that will be refinanced by the PPP ;· For loans approved starting the week of April 6, 2021: 24-months of economic injury with a maximum loan amount of $500,000. For loans approved prior to the week of April 6, 2021, see loan increases. Example: continuation of health care benefits, rent, utilities, fixed debt interest rate for EIDL loans is ( for nonprofits) and the loan term can be for as long as 30 years. The COVID-19 EIDL includes an automatic one-year deferral on repayment, ;· Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500, ;· As before, this cash advance is included in the total loan amount you receive. For example, say you are awarded an EIDL loan of $100,000, and you also qualify for the $10,000 advance. After you’ve received the advance, you will get the remaining $90,000 if your loan …29/03/2021 · Step 3: Multiply the amount from Step 2 by Step 4: Add the outstanding amount of an Economic Injury Disaster Loan (EIDL) made between January 31, 2020 and April 3, 2020, less the amount of any “advance” under an EIDL COVID-19 loan (because it does not have to be repaid).05/05/2020 · The maximum loan amount a farm could possibly qualify for through the EIDL program is $2,000,000. UPDATE May 2020: Due to the demand for EIDLs related to COVID-19, it appears SBA is currently limiting EIDLs to no greater than $150,000, an amount significantly lower than the $2,000,000 max written in ;· re: EIDL loan amount calculation Posted by VABuckeye on 4/10/20 at 9:00 pm to GridIronTigerBaw Are you looking for an EIDL loan or a PPP loan? PPP loan is X monthly payroll plus health insurance premium averaged and retirement benefits monthly averaged.

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