The SBA is going to allow your bank to give you 2.5 times your average monthly payroll. Therefore, we need to calculate your average monthly payroll - even though you don’t have payroll technically - for the purpose of your PPP loan.

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This spreadsheet is completely free, so sign up for one, then make a copy you can share when you apply later on with the bank.

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Thanks for watching my YouTube video!

~Rich Smith | Teaching Millionaires

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