The Loan Forgiveness Calculator uses available guidance from the Small Business Administration and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness.
The calculator is based on SBA form 3508, which contains steps for borrowers to adjust their PPP loan forgiveness, if certain full time equivalent (FTE) or salary/wage requirements are not met. There is also an SBA form 3508EZ, for borrowers that qualify for full forgiveness and do not need to apply FTE or salary/wage reductions.
This calculator can be used by borrowers using either application. Please note, the calculator will show “0” for fields which will not be needed for the 3508EZ form.
Please access the calculator via this link: AICPA ppp-forgiveness-calculator-1