Loan Calculator Helps Small Businesses Apply for the Paycheck Protection Program

BEVERLY HILLS, Calif., April 25, 2020 /PRNewswire-PRWeb/ --A Swenson He, a leading developer of web and mobile solutions, announced today the launch of its new web application, the SBA Loan Calculator. In these uncertain times, Swenson He is working to provide small businesses everywhere with helpful financial insights and resources related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Paycheck Protection Program (PPP). This new application makes it easy for small business owners to estimate if their business is eligible to receive a Small Business Administration (SBA) loan and calculate the maximum loan size and loan forgiveness amount based on the Paycheck Protection Program. "In these uncertain times, many of our clients have asked us about the nuances of this complicated, ever-evolving program. While we are not CPAs, we are happy to tackle this challenge and publish our research." - Chao He, Founding PartnerBy simply answering a series of questions within this free tool owners will be able to determine:

if their small business is likely eligible to participate in the stimulus program

the maximum loan size the SBA may be willing to loan their business

the maximum amount the SBA plans to forgive at a later date

As an ongoing effort to help small businesses cope with the economic damage of COVID-19 Swenson He will continue tracking the latest developments and work to keep business owners updated via the web application.
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