Loan Estimator for Paycheck Protection Program
A swift way for small business owners to quote their loan eligibility under the paycheck protection program
Disclaimer: Zoho has taken great care and has made every attempt to ensure that the information obtained from
the tool is accurate. However, Zoho is not responsible for any errors or omissions and provides no guarantee or warranty
on the correctness of the results obtained from the tool. By using this tool you agree not to hold Zoho liable
for any issues that arise from incorrect results obtained.
Frequently Asked Questions
What is Paycheck Protection Program (PPP) ?
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Who can apply for this Program?
The following entities affected by Coronavirus (COVID-19) may be eligible:
i) Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
ii) Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
a) 500 employees, or
b) That meets the SBA industry size standard if more than 500
iii) Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
iv) Sole proprietors, independent contractors, and self-employed persons
i) Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
ii) Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
a) 500 employees, or
b) That meets the SBA industry size standard if more than 500
iii) Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
iv) Sole proprietors, independent contractors, and self-employed persons
Where can I find more information about the program?
Head over to our blog where we've covered the program in detail. https://www.zoho.com/general/blog/paycheck-protection-program-for-small-businesses.html