Clara Media /Applying for PPP2 - How to Calculate your Loan Amount

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Applying for PPP2 - How to Calculate your Loan Amount

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This mini-workshop is focused on CALCULATING the correct amount to request for your PPP loan. We review the calculation for each tax entity types, and a calculator spreadsheet is included to make it easy for you.

Miscalculating payroll costs was a MAJOR problem the first time around, and many businesses left thousands  (even hundreds of thousands) on the table by misunderstanding the allowable payroll costs. 

Hannah Smolinski, CPA and founder of the Clara CFO Group will be sharing what you need to know to maximize your PPP loan amount. She will also be sharing the most important things you need to know about applying for and using PPP2. 

Contents

Worksheet Download

Includes calculation spreadsheets for each tax status showing how to calculate the PPP loan amounts. 
How to Calculate PPP2 Loan amounts_v5.xlsx

Workshop Replay

Replay of the January 6th, 2021 workshop. 
Jan 6th Workshop without QandA.mp4
Temporary link to workshop (full recording, no edits)

Q&A Replay

Q&A session of the January 6th, 2021 workshop. 
Apply for PPP - Question and Answer Session.mp4

Resources, Links, and Questions Document

Summarizing a few key resources and questions not covered in the Q&A video. 
Links to Resources and Q&A.docx
Application from SBA for Second Draw Loan
Application from SBA for First Draw Loan
Gross Receipts Eligibility Test for Second Draw Loans

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