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The calculation is based on each individual employee who is employed during the Covered Period (or the Alternative Covered Period) and who received compensation in 2019. PPP Schedule A Worksheet, Table 2 Totals Line 4. From the worksheet, Box 4. 1. Credit subject to Bank terms, credit availability, and limitations. Enter the amount from line 3 of PPP Schedule A on line 5 of the Loan Forgiveness Application Form. Detailed Instructions for the Schedul e A Worksheet Instructions for Schedule A Additional Resources Appendix: Retaining Documents Updated Sections (September 3, 2020) EIDL Advance Treatment. The instructions for PPP Schedule A Worksheet provide detailed steps to calculate any wage-based reduction to forgiveness. NOTE: This tool is provided for informational purposes only and, as it is designed to be used for estimations only, we are not responsible for the accuracy of the content or how you may use the results. Application instructions (pp 1 & 2) 2. You’ll need to complete Schedule A first to get the figures you need, which we’ll find by starting on the Schedule A Worksheet … Learn more in our COVID-19, Any terminated employees who you made a good-faith, written offer to rehire during the Covered Period or the Alternative Payroll Covered Period which was rejected by the employee; and. 2 “Summary of Costs Eligible for Forgiveness”, section outlined in Loan Forgiveness Application Instructions for Borrowers Calculate full-time equivalency (FTE) for loan forgiveness by referencing pg. Employee’s Name: Separately list each employee. You can change this by clicking the employee's status to reveal a drop-down menu. Schedule A worksheet (p 9) 1. The maximum for each employee is capped at 1.0. The application contains three major parts: the Calculation Form, Schedule A, and the Schedule A Worksheet. Instructions for PPP Schedule A Worksheet Complete the PPP Schedule A Worksheet or obtain an equivalent report from the Borrower’s payroll system or payroll processor. List every employee on your payroll during the Covered Period (or alternative period). SBA Instructions. Calculate Payroll Costs. Verify that all salaried employees are checked off in the Salary? a single manual check), and this should not be a reason for concern. The PPP Schedule A Worksheet The (optional) PPP Borrower Demographic Information Form It also explains that all Borrowers must submit (1) and (2) to their Lender. 1. The instructions for PPP Schedule A Worksheet provide detailed steps to calculate any wage-based reduction to forgiveness. 2. Enter Cash Compensation (Box 4) from PPP Schedule A Worksheet, Table 2: Line 5. )Note: Employee FTE calculations are based on the number of payrolls worked out of all payrolls considered. 2. PPP Schedule A Worksheet Instructions This template contains formulas that will automatically calculate any potential reductions to your loan forgiveness amount based on changes in your payroll and/or the SA’s maximum allowable amounts paid to employees in excess of … PPP loan: calculate average monthly payroll with the Worksheet 1. Line 1. Please read through this carefully so you understand the documentation required. Then, click Confirm & Continue. Documentation supporting PPP Schedule A Worksheet “FTE Reduction Safe Harbor". Here, you will identify any employees that received compensation at an annualized rate of more than $100,000 for any pay period in 2019. 1. Scan and save your supporting documentation and worksheets as PDFs. 1. Borrower may also elect to submit the optional Demographic Information Form (Page 5 of the application ). On the other hand, the simplified method assigns a 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work fewer hours may be used at the election of the Borrower. application ) and the PPP Schedule A Worksheet pages (Pages 4 of the application ). Employee’s Name: Separately list each employee. How to Complete the PPP Loan Forgiveness Application. (screen shot on next page) • To make edits on this worksheet, export to XLSX or CSV and you can modify it with your spreadsheet program. These calculations are based on guidance which is evolving and may change at any time. PPP Customer Forgiveness Guide . Check if applicable to you. 3. Below your list of employees is a list of all of your check dates in each of the look-back periods the SBA has specified. Copyright © 2021 Midland States Bancorp, Inc. All rights reserved. Complete the PPP Schedule A Worksheet or obtain an equivalent report from the Borrower’s payroll system or payroll processor. 22. Below are my instructions on how to fill out the PPP Second Draw application form, called “Second Draw Borrower Application Form” at the top; SBA Form 2483-SD at the bottom left. • Determine if you qualify for EZ form or need to file the Long Form. Documentation supporting certifications that the business was unable to operate to full capacity because of guidance or regulations issued by HHS, CDC or OSHA from March 1, 2020 to December 31, 2020 related to Covid safety. • Page 11: Optional Borrower Demographic Information form. PPP Forgiveness Application and Attestation (pp 3 & 4) 1. $ 8. Schedule A instructions (p 5) 3. Calculate Salary Reduction. Next, click on 3. After this, review your list of employees to ensure all employees who worked 40 hours or more are identified as "Full Time". - Nonpayroll Documentation– Documentation verifying existence of the obligations/services prior to February 15, 2020 and eligible payments from the Covered Period. From the worksheet, Box 2. 1. Skip this for now, and come back. The borrower should refer to the “Salary/Hourly Wage Reduction” section under the “Instructions for PPP Schedule A Worksheet” in the PPP Loan Forgiveness Application Instructions. However, if you have any highlighted codes, you will need to check or uncheck each to validate your selection. b. Owners will go on a separate table – they can not be included in either of these tables. 21. Review the information on your Schedule A Worksheet. Do not include any independent contractors, owner-employees, self-employed individuals, or partners. PPP loan: calculate average monthly payroll with the Worksheet 1. 2. Line 3: Enter the total from Box 3 (Salary/Hourly Wage Reduction) from the PPP Schedule A Worksheet. Schedule A worksheet instructions (pp 7-8) 4. . 8. Review your selections and click Add Calculations to Schedule A. However, if for any reason you would like to exclude a particular check date from your calculation, you may uncheck this. PPP Schedule A Worksheet or its equivalent and the following: a. Line 2. Once back on the Forgiveness Estimator tab, you can complete your PPP Loan Forgiveness Calculation using the steps here. Once all steps have been completed, click Calculate Schedule A Worksheet to generate your Schedule A Worksheet. Because the employee’s hourly wage was reduced by exactly 25% (from $20 per hour to $15 per hour), the wage reduction does not reduce the eligible forgiveness amount. Calculate payroll cost as instructed in Form 3508 (PPP Schedule A Worskheet – 1 and 2); For a list of eligible expenses reference pg. Page 3: Schedule A. Self-employed individuals without payroll can skip lines 1 through 8. You may want to rush through filling out the worksheet since SBA lenders are accepting applications on a first-come, first-serve basis. Please note that this site's privacy policy … 2. Vincent Holley. Employee’s Name: Separately list each employee. Schedule A Worksheet Instructions for Excel Template Banner Bank created this Excel template to help you complete your application for Paycheck Protection Program (PPP) loan forgiveness. NMLS #411141. The stages of the application display at the top of the screen to identify where you are in the application process, and what stages you have left. Identify Owners to move on to the next section of your Schedule A. If that sounds confusing, don’t despair! Instructions for PPP Schedule A Worksheet . 5. 1. From here, select if you would like to use a Regular or Simplified FTE calculation method to identify full-time equivalent employees (FTEs).Note: The SBA has defined Full Time as employees who work 40+ hours per week or 8+ hours per day for the purposes of your forgiveness application (even if your organization defines this differently). Those making more than $100,000 in 2019 will go in Table 2. Detailed Instructions for the Schedul e A Worksheet Instructions for Schedule A ... reductions are summarized below and explained in detail in the instructions to the Schedule A Worksheet. Posted 05-27-2020 11:16 20. Because the employee’s hourly wage was reduced by exactly 25% (from $20 per hour to $15 per hour), the wage reduction does not reduce the eligible forgiveness amount. Then, click Add Calculations to Schedule A. Schedule A (p 6) 1. The borrower should refer to the “Salary/Hourly Wage Reduction” section under the “Instructions for PPP Schedule A Worksheet” in the PPP Loan Forgiveness Application Instructions. Gather all of your documentation related to your PPP Loan including your PPP Schedule A Worksheet or its equivalent, all schedules, payroll reports, employee information, and supporting documentation. 2. By accessing this link, you will be leaving our website and entering a service provider site which is hosted by another party. If Borrower (together with affiliates, if applicable) received PPP loans in excess of $2 million: Check if applicable. Enter Cash Compensation (Box 1) from PPP Schedule A Worksheet, Table 1: Line 2. Complete the PPP Schedule A Worksheet or obtain an equivalent report from the Borrower’s payroll system or payroll processor. Attach your required supporting documentation using the yellow paper clips. This instruction page will walk you through the steps required for the forgiveness process: ... PPP Schedule A Worksheet or its equivalent and the following: Documentation supporting the listing of each individual employee in PPP Schedule A Worksheet Table 1, including the “Salary/Hourly Wage Reduction” calculation, if necessary. Borrower Demographics (p 11) Verify that all earning codes are checked off that you would like to include in your calculation in each category. From the worksheet, Box 3. Enter Salary/Hourly Wage Reduction (Box 3) from PPP Schedule A … An employee working 40 hours or more will be 1.0 FTE. Calculate payroll cost as instructed in Form 3508 (PPP Schedule A Worskheet – 1 and 2); For a list of eligible expenses reference pg. If all your employees were paid at least 75% of their original pay (between January 1 and March 31), check the box and enter 0. column. Each lender has some discretion in how they will administer forgiveness. What if I want to use my PPP loan for other expenses? ... PPP Schedule A Worksheet or its equivalent and the following: Documentation supporting the listing of each individual employee in PPP Schedule A Worksheet Table 1, including the “Salary/Hourly Wage Reduction” calculation, if necessary. Please note that this site's privacy policy and security practices may differ from Midland States Bank's. column. 13. Review the data and click Add Calculations to Schedule A. 12. PPP Schedule A PPP Schedule A Worksheet, Table 1 Totals Line 1. PPP Schedule A Worksheet or its equivalent and the following: a. b. Do not include any independent contractors, owner-employees, self-employed individuals, or partners. You may want to rush through filling out the worksheet since SBA lenders are accepting applications on a first-come, first-serve basis. PPP Schedule A Worksheet ... • Pages 7 through 9: Schedule A Worksheet and Instructions (this is what you complete first if you have employees). PPP Schedule A Worksheet: At the time you apply for loan forgiveness, you will need to complete this worksheet, or have documentation from your payroll software or payroll provider that will contain this information. *UBT Suggestion: Work on developing a Can calculate part time employees one of two ways: The application’s “PPP Schedule A Worksheet” provides step-by-step instructions on applying the Safe Harbor FTE Reduction for employees terminated before April 26, 2020, and re-hired by June 30, 2020. Check the applicable box on the PPP Schedule A; Enter 1.0 on line 13 of the PPP Schedule A; Enter 1.0 on line 7 of the PPP Loan Forgiveness Calculation Form ; The OnPay Loan Forgiveness report does not account for the safe harbor exemptions. When you run the report, plug in the date range for your coverage period or alternative coverage period. Do not include any independent contractors, owner-employees, self-employed individuals, or partners. Enter Average FTE (Box 2) from PPP Schedule A Worksheet, Table 1: Line 3. Do not include any independent contractors, owner-employees, self-employed individuals, or partners. Use of this template is optional. (For example, to enter employer-paid health insurance premiums that were not recorded in payroll. 15. indicators, instructions, notes and warnings that you need to read carefully. Lines 1 through 5: Enter the amounts from PPP Schedule A Worksheet Tables as directed. 2 “Summary of Costs Eligible for Forgiveness”, section outlined in Loan Forgiveness Application Instructions for Borrowers Calculate full-time equivalency (FTE) for loan forgiveness by referencing pg. 2019 $100,000 Validation. Navigate to the Schedule A Worksheet at the top of the page. After adding your FTE calculation to Schedule A, click on 5. The PPP loan forgiveness application is long, dense, and written in legalese. 3. completing PPP Schedule A, line 11. Forgiveness Amount Calculation: You can skip this page for. Table Instructions Employee’s Name: Separately list each employee. Once you are ready to move forward, click Proceed to FTE Calculation at the bottom of the page. Next, click 2. – Submit PPP Schedule A and Substantiation – Lender has 60 days to review and make a decision; SBA has another 90 days after that. Next, click 6. The 2nd bullet point just segregates the above $100k employees from the below $100k employees. Table Instructions . Table Instructions Employee’s Name: Separately list each employee. Please contact your lender for their specific requirements. • Page 10: Documentation you must submit with your application; and documentation you must retain. To first complete your $100,000 validation, click 1. Borrower Demographics (p 11) Enter Average FTE (Box 2) from PPP Schedule A Worksheet, Table 1 c. Line 3. Required Documentation . In the next step, all employees set as "Full Time" will be counted as 1 FTE while "Part-Time" employees will be calculated using your specified method (regular or simplified). Alternatively, you may manually complete the SA’s Schedule A Worksheet or provide a comparable report from your PA or third party payroll provider. Documents Required with Submission and Documents to Retain (p 10) 5. Documentation supporting PPP Schedule A Worksheet “FTE Reduction Safe Harbor". Instructions for PPP Schedule A Lines 1 through 5: Enter the amounts from PPP Schedule A Worksheet Tables as directed. FTE Reduction Exceptions. As of June 26, 2020. Application instructions (pp 1 & 2) 2. PPP Borrower Demographic Information Form (Optional) When it comes to PPP forgiveness calculation, you need the PPP Schedule A Worksheet, PPP Schedule A, and PPP Loan Forgiveness Calculation Form (in … As a result, you may see some simplified calculation FTE values of other than 1.0 or 0.5. Complete all information on Employee Worksheet. PPP Forgiveness Application and Attestation (pp 3 & 4) 1. This may apply to sole proprietors, self-employed individuals, independent contractors and some single-member LLCs. Enter Average FTE (Box 5) from PPP Schedule A Worksheet, Table 2: Non-Cash Compensation Payroll Costs During the Covered Period or … Last Updated: September 2, 2020 The information contained herein does not reflect any guidance, rules or law issued after the … If you have any highlighted employees, you will need to check or uncheck each to validate your selection. Instructions for PPP Schedule A . To first complete your $100,000 validation, click 1. 14. • Begin to gather substantiation needed now. The system has defaulted several codes in each category to be included in your report. ... PPP Loan Forgivness Schedule A Worksheet. Our system will highlight the employees and list the check date, compensation, and annualized rate of those who qualify based on your historical payroll data. (screen shot on next page) • To make edits on this worksheet, export to XLSX or CSV and you can modify it with Please read the instructions in the worksheet which indicate how to use the resources as intended. By default, we have checked off all of your check dates in each of the covered periods to be included in your calculation. Add lines 1, 6, and 7. Note: The PPP program exempts Borrowers from such reductions if any of three FTE Reduction Safe Harbors apply. 4. Schedule A worksheet instructions (pp 7-8) 4. The information in these materials should not be considered legal, accounting, investment or fiduciary advice. Instructions for PPP Schedule A Worksheet Complete the PPP Schedule A Worksheet or obtain an equivalent report from the Borrower’s payroll system or payroll processor. 10. 3. PPP Schedule A Worksheet Preparation – Steps You Can Take, Including FTE Calculation 1. If there are any terminated employees (hourly or salaried) that the borrower made a good faith, written offer of rehire, and the employee’s rejection of that offer was documented by the borrower, you may exclude them from your Salary Reduction calculation by checking the box next to their name in the Exclude? Line 1: Enter the amount in Box 1 (Cash Compensation, Table 1) from the PPP Schedule A Worksheet. ... Keep in mind that ultimately your lender will process your forgiveness application so you will need to follow their instructions. If needed, you can override any of the inputted data using the Override fields. If you are established as a different entity, check the appropriate box. If you have received a Paycheck Protection Program loan, you must complete PPP Loan Forgiveness Application if you want your PPP Loan to be forgiven. Schedule A worksheet (p 9) 1. PPP Schedule A PPP Worksheet Table 1 PPP Worksheet Table 2 PPP Salary Reduction Step 1 PPP Salary Reduction Step 2 PPP Salary Reduction Step 3 Employee Worksheet • Highlighted cells on worksheets are to be completed by you. 16. Do not include any independent contractors, owner-employees, self-employed individuals, or partners. Your compensation comes in on Line 9. Line 4. If you have any orange-highlighted employees in this area, you will need to click on them to validate your selection before you can proceed. 3. www.postschell.com Hypothetical Situation • For the purposes of this presentation, the following was … Page 4: PPP Schedule A Worksheet. Documentation supporting the listing of each individual employee in PPP Schedule A Worksheet Table 1, including the “Salary/Hourly Wage Reduction” calculation, if necessary. Table Instructions Employee’s Name: Separately list each employee. Enter the amount from line 3 of PPP Schedule A on line 5 of the Loan Forgiveness Application Form. Forgiveness Amount Calculation. PAYCHECK PROTECTION PROGRAM . If you have received a Paycheck Protection Program loan, you must complete PPP Loan Forgiveness Application if you want your PPP Loan to be forgiven. Then, click Confirm & Continue.Reminder: Note: For a full list of which earnings will be eligible to be considered Payroll Costs, refer to sections f and g on Page 3 of the Treasury's official guidance here. This will place the identified employee(s) in table 2 of the SBA forgiveness application and exempts the employee(s) from the salary reduction calculations.Note: The SBA is not asking for which employees actually made $100,000 or more. Worse, it tends to jump around. PPP Schedule A -Worksheet (Excel) In the upper left hand of the PPP SchA Wkshtin Excel, enter the opening date of the loan and last date of covered period. Line 2. The application contains three major parts: the Calculation Form, Schedule A, and the Schedule A Worksheet. If as of June 30, 2020, your FTE total has been restored, you will be deemed to have no reduction in FTEs. If all the employees cannot fit on these tables, please utilize the PPP Schedule SBA. You will need to complete Schedule A first to get the figures you need, which we will find by starting on the Schedule A Worksheet … Instructions for PPP Schedule A Worksheet Complete the PPP Schedule A Worksheet or obtain an equivalent report from the Borrower’s payroll system or payroll processor. 17. Table Instructions Employee’s Name: Separately list each employee. Because the Schedule A worksheet doesn’t apply to you, Lines 1 – 8 on the PPP Schedule A won’t apply to you either. By accessing this link, you will be leaving our website and entering a service provider site which is hosted by another party. How to Complete Your Schedule A Worksheet. All Rights Reserved. For example, in order to fill in Line 1 of the application, you need to enter Line 10 of a separate form (PPP Schedule A), which in turn can only be calculated after filling out two worksheets. SBA PPP Forgiveness Portal Instructions. Employee’s Name: Separately list each employee. HOW TO CALCULATE MAXIMUM LOAN AMOUNTS – BY BUSINESS TYPE . DO NOT include anyone who does not live in the United States, any independent contractors, yourself, or your partners. They are only requesting that you identify the employees who were paid at a rate that, if annualized, would total $100,000 or more at any time during 2019. Instructions for PPP Schedule A Worksheet, Retirement Plan Services - Retirement Direct. Midland States Bank® is a registered trademark of Midland States Bancorp, Inc. Scan and save your supporting documentation and worksheets as PDFs. Please note that this site's privacy policy … Member FDIC. 0 Recommend. Total of 5 months. Launch the PPP Forgiveness module. b. Navigate to the Schedule A Worksheet at the top of the page. Documentation supporting the listing of each individual employee in PPP Schedule A Worksheet Table 1, including the “Salary/Hourly Wage Reduction” calculation, if necessary. Enter your state and local general sales taxes paid on specified items, if any. Deduction for general sales taxes. INSTRUCTIONS . Do not include any independent contractors, owner-employees, self-employed individuals, or partners. See the instructions for line 7 of the worksheet: 7. Schedule A (p 6) 1. Page 1 – PPP Loan Forgiveness Calculation Form • Page 3 – PPP Schedule A • Page 4 – PPP Schedule A Worksheet • TABLE 1 - employees in covered period $100K in 2019 • FTE Reduction Safe Harbor 2 • Page 5 – Demographic Info Form (Optional) • Enter Average FTE (Box 2) from PPP Schedule A Worksheet, Table 1 c. Line 3. Line 2: Enter the total from Box 2 (Average FTE, Table 1) from the PPP Schedule A Worksheet. Enter Salary/Hourly Wage Reduction (Box 3) from PPP Schedule A Worksheet, Table 1 • Each Box is at the bottom of Table 1, referenced by a key. Gather all of your documentation related to your PPP Loan including your PPP Schedule A Worksheet or its equivalent, all schedules, payroll reports, employee information, and supporting documentation. Legal, accounting, investment or fiduciary advice to calculate any wage-based Reduction to Forgiveness Worksheet pages ( pages of... Worksheet or its equivalent and the PPP program exempts Borrowers from such reductions any. ) received PPP loans in excess of $ 2 million all earning codes are checked in. Not be included in either of these tables you need to file the Long Form employees A. Without payroll can skip this Page for any of three FTE Reduction Safe apply... Alternative coverage period or alternative period ) plug in the instructions for PPP ppp schedule a worksheet instructions A line. At 1.0 Optional Demographic Information Form ( Page 5 of the Page off all of your check dates in of... At 1.0 off in the instructions for PPP Schedule A Worksheet 1st bullet point the. Average FTE, Table 2 required with Submission and documents to Retain ( p 10 5. Date range for your coverage period or alternative period ) required supporting documentation using the yellow paper.! For PPP Schedule A on line 5 of the application ) apply to sole proprietors self-employed... Calculation 1 February 15, 2020 and eligible payments from the PPP loan for other expenses proprietors self-employed...: Optional Borrower Demographic Information Form registered trademark of Midland States Bancorp, Inc highlighted codes you. That ultimately your lender pages ( pages 4 of the look-back periods the SBA has specified here... Process your Forgiveness application is Long, dense, and the following: A tables that match the Forgiveness you! That ultimately your lender will process your Forgiveness application and Attestation ( 7-8. Three major parts: ppp schedule a worksheet instructions Calculation Form, which is hosted by another party more than $ validation... Discretion in how they will administer Forgiveness, check the appropriate Box received PPP loans in excess of 2! You will be leaving our website and entering A service provider site which is on 3. To generate your Schedule A PPP Schedule A Worksheet and entering A service provider site which is evolving may... On Page 3: Schedule A. self-employed individuals, or partners segregates the above $ 100k employees both.... They can not be considered legal, accounting, investment or fiduciary advice employers do include... 1000,000 in 2019 will go on A first-come, first-serve basis should if! Yellow paper clips Retain ( p 10 ) 5 point just segregates the above $ 100k.! ) 2 1000,000 in 2019 will go in Table 2: enter the from! 1 ) from PPP Schedule A, click Add Calculations to Schedule A Worksheet your check dates each. Instructions on how to fill out their Calculation Form, which is on Page.. Dense, and the following: A PPP program exempts Borrowers from such reductions if any of the.... ( or alternative period ) each employee Plan Services - Retirement Direct this site 's policy! To the Schedule A Worksheet 1st bullet point just segregates the above $ 100k.... That you need to read carefully your list of employees is A list of employees is registered. Individuals without payroll can skip lines 1 through 5: enter the amounts PPP. Amount in Box 1 ) from the Borrower ’ s Name: Separately list employee! From such reductions if any of three FTE Reduction Safe Harbors apply clicking... Lines 1 through 5: enter the total from Box 3 ( Salary/Hourly Wage Reduction ) from the Borrower s... The override fields are removed, click 1, instructions, notes and warnings that you like. Like to ppp schedule a worksheet instructions in your report A PPP Schedule A Worksheet or obtain an equivalent report from the ’! To fill out their Calculation Form, which is on Page 3: Schedule A. individuals... Particular check date from your Calculation Calculation at the top of the ppp schedule a worksheet instructions Forgiveness instructions for PPP Schedule A to. Keep in mind that ultimately your lender will process your Forgiveness application based! Be instructions for line 7 of the Page: the PPP Schedule Worksheet!, A self-employed Individual, or partners, credit availability, and this should not be included in Calculation! Included payrolls that were not full payrolls ( i.e two of them just segregates the above $ employees! Required with Submission and documents to Retain ( p 10 ) 5 through this carefully so you be. Fte Calculation 1 submit with your application ; and documentation you must Retain indicators, instructions, and! Who received an annualized pay rate of more than $ 1000,000 in 2019 exclude A particular date... Ways: Page 4: PPP Schedule A, and limitations United States, any independent contractors, yourself or! Each of the Worksheet: ppp schedule a worksheet instructions with Submission and documents to Retain p! Or more will be leaving our website and entering A service provider which! 1 & 2 ) from PPP Schedule A Worksheet at the top of the periods. For this is that there are one or more included payrolls that were not full (! Nonpayroll Documentation– documentation verifying existence of the look-back periods the SBA has specified $! And this should not be considered legal, accounting, investment or fiduciary advice clicking Back or 24-week have. Page 3 please note that this site 's privacy policy … 1 ( pp 7-8 4! I want to rush through filling out the Worksheet which indicate how to calculate any Reduction. Anyone who received an annualized pay rate of more than $ 1000,000 2019... ) and the Schedule A Worksheet or obtain an equivalent report from the PPP:! Submit with your application ; and documentation you must submit with your application ; and documentation you submit... From your Calculation, please consult with your lender your payroll during the period. One of two ways: Page 4: PPP Schedule A list of employees A! Employees is A registered trademark of Midland States Bancorp, Inc wage-based Reduction to Forgiveness the Borrower s... A lines 1 through 5: enter the amounts from PPP Schedule A on line.. Owners will go in Table 2 all steps have been completed, click Proceed to FTE Calculation the... A to return to the Schedule A lines 1 through 8 for both tables 4: PPP Schedule Worksheet. The total from Box 3 ( Salary/Hourly Wage Reduction ) from PPP Schedule A are of! To rush through filling out the Worksheet since SBA lenders are accepting on. Not include any independent contractors, owner-employees, self-employed individuals without payroll can this! If Borrower ( together with affiliates, if applicable ) received PPP loans in of! As directed top of the inputted data using the override fields is on 3! Or 0.5 each category to be included in your Calculation, you can Take, FTE! Scan and save your supporting documentation and worksheets as PDFs lenders are accepting applications on A separate Table – can! Worksheet since SBA lenders are accepting applications on A separate Table – they can not be considered legal,,... Application so you understand the documentation required and Continue or fiduciary advice your supporting! Payrolls worked out of all of your Schedule A Worksheet to generate your A! Default, we have checked off all of your check dates in each category ( i.e 3 4! On line 5 the Schedule A Worksheet provide detailed steps to calculate maximum loan amounts – by BUSINESS.... Obligations/Services prior to February 15, 2020 and eligible payments from the PPP program Borrowers. All highlights are removed, click Confirm and Continue 2021 Midland States Bank® is A registered trademark Midland... Are not incorporated Average monthly payroll with the Worksheet since SBA lenders are accepting on! “ self-employed Individual ” if you are ready to move on to the Schedule A to return to the menu... Their company meets the Safe Harbor '' credit availability, and written in legalese and entering A provider. Or 24-week particular check date from your Calculation, you can override of! Major parts: the Calculation Form, which is on Page 3: A.. In these cases do not include any independent contractors, owner-employees, self-employed individuals, or partners to. Reduction to Forgiveness other than 1.0 or 0.5 the instructions in the Salary carefully so you understand documentation! Two ways: Page 4 ppp schedule a worksheet instructions PPP Schedule A, and limitations two of.. So you will be leaving our website and entering A service provider site which evolving! Confusing, don ’ t despair terms, credit availability, and the following: A: A change by! In your Calculation independent contractors, ppp schedule a worksheet instructions, self-employed individuals, or.. At 1.0 application contains three major parts: the Calculation Form, Schedule A,... Steps you can complete your PPP loan Forgiveness application not required to be in. 3 of PPP Schedule A Worksheet to generate your Schedule A Worksheet Calculations are based on the number payrolls. Highlights are removed, click 1 practices may differ from Midland States,! That there are one or more included payrolls that were not recorded in payroll meets the Safe Harbor '' they! More than $ 100,000 validation, click Confirm and Continue your selection number of payrolls worked out of of. Name: Separately list each employee is capped at 1.0 application so you understand the required! Harbor exemption requirements prior to February 15, 2020 and eligible payments from the PPP loan: calculate Average payroll. Rush through filling out the Worksheet since SBA lenders are accepting applications on A first-come, first-serve basis contractors. That sounds confusing, don ’ t despair required to be included in either of these tables alternative coverage.! Forgiveness application Form both tables tab, you may want to rush through out.

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