Paycheck Protection Program Loan Calculator

The CARES Act is allocating $349 billion to the Small Business Administration (SBA) to guarantee loans to small businesses to encourage lenders to make new loans and give borrowers some relief. One of the provisions of the CARES Act is the Paycheck Protection Program (PPP).

PPP Loan Information:

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The SBA will forgive loans if all employees are kept on the payroll for 8 weeks and the money is used for payroll, rent, mortgage interest, or utilities (may be subject to other conditions). Loan payments will be deferred for 6 months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

PPP Loans Offer:

  • Forgiveness of up to 8 weeks of payroll based on the employer maintaining or quickly rehiring employees and maintaining salary levels
  • No SBA fees
  • Loan payments will be deferred for 6 months
  • The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll)
  • This loan has a maturity of 2 years and an interest rate of 1%

The Paycheck Protection Program will be available through June 30, 2020 (Subject to funds availability and other restrictions).


Employee Info



Payroll Expenses/Costs – Last 12 Months



Other Payroll Expenses











For more information on the Paycheck Protection Program, visit the SBA’s Paycheck Protection Program website here. For affiliation rules applicable for the Paycheck Protection Program, click here.

To begin the application for the Paycheck Protection Program, download a copy of the PPP borrower application form to see the information that will be requested from you when you apply with a lender.

* Neither Henry Schein, Inc. nor Henry Schein Financial Services provides financial advice. Please consult your financial advisor. Information and calculations are for illustration purposes only, and subject to change at any time.

©2020 Henry Schein, Inc. Neither Henry Schein, Inc. nor Henry Schein Financial Services is a bank and neither represents itself as such, nor conducts banking activities.