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 ;· 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).outstanding EIDL loan of $10,000 Annual payroll: $1,500,000 Subtract compensation amounts in excess of an annual salary of $100,000: $1,200,000 Average monthly qualifying payroll: $100,000 Multiply by = $250,000 Add EIDL loan of $10,000 = $260,000 Maximum loan amount is $260,000 f. What qualifies as “payroll costs?”24/08/2021 · The regular EIDL loan calculation is based on a maximum loan amount of $2 million. In order to apply, your business must be affected by a declared disaster. The SBA keeps an updated database of disasters so you can see if your area qualifies. You may qualify for funds for each separate disaster that affects your ;· Okay once 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 EIDL loan amount that you already got okay. And then that number up to $500,000 we think that’s the amount of increase that you can request; the max that you can request from the SBA 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 revenue, 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 …04/05/2021 · How does SBA calculate the maximum EIDL loan amount? Specifically, SBA has expanded the loan amount to 24 months of economic injury, up to amaximum of $500, ;· Economic Injury: the eligible amount is calculated automatically by formula based on your inputs. Formula for Small Business: ( (Revenue - Cost of Goods Sold) 2) - EIDL advance. Formula for Non-Profit: 6 months Operating Expenses prior to 1/31/20. Formula for Businesses collecting Rental Property Income: Lost 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 received our loan amount through the loan portal of $83,000 and it doesn't seem to match what we are told is the calculation for the loan amount, can we please fix it? GROSS INCOME IS $461,746. COGS IS $223,569. If the calculation is Gross Income - COGS/2 = $119,088. Can we please have the increased loan amount?

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