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.
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.
Thanks for watching my YouTube video!
~Rich Smith | Teaching Millionaires