How to Track PPP Loan Expenses for Sole Proprietors & Independent Contractors (Template Included)

- In this video on how to track PPP loan expenses for sole proprietors and independent contractors, I give you a downloadable template you can use to track your PPP loan expenses throughout the 8 week period after you receive the PPP loan.

Use the link above at the beginning of the description to download the Excel template. I have also posted the link in the comments. It is vital that you track your PPP loan spending to make sure you have the maximum chance of forgiveness of the loan. Please note, however, that using this template does not guarantee that your loan will be forgiven, as final rules have not yet been issued on forgiveness.

As a sole proprietor or independent contractor, the rules can get a bit tricky with PPP loans, so hopefully this spreadsheet will help in tracking your spending of PPP loan proceeds!

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