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How much can I borrow with a first-time PPP loan?

There are two ways to calculate the loan amount for your PPP loan application:

  1. If you are an accommodations or restaurant business, you may request up to 3.5x your average monthly payroll amount.
  2. If you do not fall into the category described above, then you may request up to 2.5x your average monthly payroll amount.
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