[COVID-19] Track expenses to qualify for Payroll Protection Program loan forgiveness

Stevie LaFortune
Stevie LaFortune Expensify Team, Expensify Student Ambassador Posts: 240 Expensify Team
edited April 2020 in Day to Day

Submit for loan forgiveness during Coronavirus (COVID-19) crisis:  Use Expensify to track your business-related expenses 

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

For more information related to the Paycheck Protection Program visit this US Small Business website.

We'll guide you here to easily create these categories to be applied to expenses, SmartScan receipts to be added to a report, and export to provide as eligible expenses.

Individuals and sole proprietors can select the Track plan in order to configure your Individual policy to match your expenses that need tracking.

Your policy is all set!  Now simply create your expenses manually or with SmartScan.  Apply the appropriate categories and tags and our system will take care of the rest!

To analyze your expenses to ensure you are on track to have your SB Payroll Protection Loan forgiven 100%, check out our Community How-To page - Expense page filters and analytics.

While there are more features available, this will be all you'll need at this point.

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