Payroll Protection Program

As we're moving into the next phase of the Payroll Protection Program most of you have probably already received your funds and are back working. As we move into the next phase of the Payroll Protection Program, we'll shift our focus to projecting our loan forgiveness and forecasting our liability. You can use the spreadsheet to forecast the amount of the loan that can be forgiven based on occupancy and utility expenses and payroll costs. It also shows you how the numbers change at different employee levels. Simply fill out the yellow cells and the spreadsheet will do the calculations for you. Please note we are not accountants, please use this for estimates and projections but consult your CPA and Banker for professional advice.