PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. It is not necessary to obtain the password to use this document. Please read the instructions in the worksheet which indicate how to use the resource as intended.
To apply for forgiveness of a Paycheck Protection Program (PPP) loan, borrowers will be asked for a count of their full-time equivalent (FTE) employees. This calculator will assist in calculating the FTEs under 2 options:
Calculate the average hours