How Do Banks Figure Your Paycheck Protection Loan Amount

If you are wondering how banks figure out what your Paycheck Protection Plan will be well this short video will tell you. simply put, if you are self employed and file a schedule C then the banks take your net profit, divide by 12 and multiply by 2.5. If your net profit is a low amount or zero then you may not qualify for the Pay check Protection program since "zero" indicates you made no money or you expensed it out.