- The maximum loan amount under the program is the lesser of:
- the average total monthly payments by the applicant for payroll costs incurred during the 1-year period before the date on which the loan is made multiplied by 2.5*;
- plus the outstanding amounts of any Emergency Injury Disaster Loan (EIDL) obtained on or after January 31, 2020 which is to be refinanced under this loan; OR
- $10,000,000
*Special rules exist for seasonal employers and businesses not in existence beginning 2/15/2019 and ending on 6/30/2019.
To better assist our businesses, we have developed a simple form that you can use to estimate your maximum loan amount based on these eligibility requirements.