EIDL Maximum Loan Amount Calculator

The EIDL Maximum Loan Amount Calculator is a tool to help you assess the maximum amount your organization is eligible to access under the EIDL loan rules.

For more help with loan applications, business planning, or deciding which type of funding support is best for you, contact the SBDC for FREE one-on-one advising from our team of experts!

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EIDL Maximum Loan Amount Calculator

Use the form below to calculate the maximum loan amount for your organization

What kind of organization is the loan for?(Required)

For-profit business

Non-profit organization

FOR-PROFIT BUSINESS

When did the business start operating?(Required)

Opened prior to 2019

Opened during 2019

Opened between 1 Jan. 2020 and 31 Jan. 2020

Opened Prior to 2019

Enter the amount for 2019 Gross Receipts(Required)

Enter the amount for 2019 Cost of Goods Sold(Required)

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS:

Opened During 2019

Enter the amount for 2019 Average Monthly Gross Receipts(Required)

How to calculate 2019 Average Monthly Gross Receipts:
1) Sum the monthly gross receipts from all months the business was operational in 2019
2) Divide by the number of months the business was operational in 2019

Example: started operating in Jun. 2019:
1) Sum monthly gross receipts from Jun. to Dec. 2019
2) Divide by 7 (number of months the business operated in 2019)

Enter the amount for 2019 Average Monthly Cost of Goods Sold(Required)

How to calculate 2019 Average Monthly Cost of Goods Sold:
1) Sum the monthly cost of goods sold from all months the business was operational in 2019
2) Divide by the number of months the business was operational in 2019

Example: started operating in Jun. 2019:
1) Sum monthly cost of goods sold from Jun. to Dec. 2019
2) Divide by 7 (number of months the business operated in 2019)

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS:

Opened Between 1 Jan. 2020 and 31 Jan. 2020

Enter the amount for 2020 Average Monthly Gross Receipts(Required)

How to calculate 2020 Average Monthly Gross Receipts:
1) Sum the monthly gross receipts from all months in 2020
2) Divide the resulting number by 12

Enter the amount for 2020 Average Monthly Cost of Goods Sold(Required)

How to calculate 2020 Average Monthly Cost of Goods Sold:
1) Sum the monthly cost of goods sold from all months in 2020
2) Divide the resulting number by 12

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS:

NON-PROFIT ORGANIZATION

When did the non-profit start operating?(Required)

Opened prior to 2019

Opened during 2019

Opened between 1 Jan. 2020 and 31 Jan. 2020

Opened Prior to 2019

Enter the amount for 2019 Total Revenue(Required)

Enter the amount for 2019 Total Expenses(Required)

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS:

Opened During 2019

Enter the amount for 2019 Average Monthly Expense(Required)

How to calculate 2019 Average Monthly Expense:
1) Sum the monthly expense from all months the organization was operational in 2019
2) Divide by the number of months the organization was operational in 2019

Example: started operating in Jun. 2019:
1) Sum monthly expenses from Jun. to Dec. 2019
2) Divide by 7 (number of months the organization operated in 2019)

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS:

Opened Between 1 Jan. 2020 and 31 Jan. 2020

Enter the amount for 2020 Average Monthly Expense(Required)

How to calculate 2020 Average Monthly Expense:
1) Sum the monthly expenses from all months in 2020
2) Divide the resulting number by 12

YOUR MAXIMUM ELIGIBLE LOAN AMOUNT IS: