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Money Trail for PPPL Funds

If you have been approved and received funding for your Paycheck Protection Program Loan (PPPL), congratulations.  This is an important first step to help your business, your employees and your community.  Now that your business has received some measure of relief, we want to offer you one idea for tracking the use of your PPPL funds.  By following the steps outlined on this chart, you can create an easy to follow audit trail so that when you do apply for loan forgiveness, you will be able to provide simple and clear documentation that raises very few questions.  Please keep in mind that it is very important for business owners and their advisors to properly account for the PPPL funds because you want the SBA to forgive as much of the loan as possible.