16/04/2020 · In general, the SBA has applied a multi-phase approach in determining EIDL amounts that have been historically based on the following terms (subject to change by further guidance issued by the SBA): Phase I – Based on a 4x multiple of historical Monthly Average Gross Profits (limited to $300,000).22/04/2021 · And you also need to know the amount of EIDL loan that you have already received either in 2020 or in 2021 okay. So, this is the formula that we think the SBA is going to use is going to be you take your 2019 gross receipts, you subtract your 2019 cost of goods sold, you divide by 12, you multiply by 24 and you subtract the amount of Idle that you have already received all right; Idle loan note Idle ;· EIDL loans are open for applications; The deadline has been extended to 12/31/2021; Loan Amount. The loan amount is meant to cover two years of “working capital” (sales), with a maximum loan amount of $500k. The standard calculation seems to be: “Gross Revenues” (12 months of gross income: Feb 2019 through Jan 2020) times your original amount is generally the TOTAL max EIDL you can currently get (capped at $500k). The new amount you can expect to get deposited is 3x your original amount - as another comment said - they subtract out any funds you originally got from that total you sign , if any, and operating expenses. The maximum loan amount under Phase II processing is $2,000,000. This is your gross profit. Divide by 2 = maximum Phase I EIDL amount …How Much EIDL Loan Increase Can I Get 2021 | Amount of SBA SBA Economic Injury Disaster Loan Amount Calculations | P&NThe SBA’s underwriting criteria for EIDL loans | FAQs The SBA’s underwriting criteria for EIDL loans | FAQs Eidl grant and eidl loan recipients may apply for and take out a ppp loan as long as there is no the consolidated appropriations act, 2021, establishes a specific loan calculation for the first. Eidl loan amount calculationposted by ricky1962 on 4/10/20 at 8:34 pm to gridirontigerbaw.
