Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 22

PPP LOAN AND SBA EIDL LOAN EXAMPLE
EIDL Loan - $500,000.
PPP Loan - 2.5 X monthly average payroll
calculation yields Maximum PPPL amount =
$100,000.
Law states that the maximum PPPL also
includes the balance of any outstanding EIDL
made between January 31 and June 30,
2020.
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