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Amount of PPP loan 50,000.00
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Date PPP funds were deposited:5/8/2020
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Expiration date for qualified expenditures:7/3/2020
*any expenses paid after this date cannot be counted towards loan forgiveness
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Description of expenseDate paid Amount
Balance left to spend
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Starting balance of loan 50,000.00
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Rent5/8/2020 2,200.00 47,800.00
*note that rent was delayed so it could count toward loan forgiveness
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Power bill5/15/2020 100.00 47,700.00
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Internet bill5/15/2020 150.00 47,550.00
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Gross wages5/20/2020 11,000.00 36,550.00
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Rent6/1/2020 2,200.00 34,350.00
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Gross wages6/5/2020 12,500.00 21,850.00
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Power bill6/15/2020 100.00 21,750.00
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Internet bill6/15/2020 150.00 21,600.00
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Gross wages6/20/2020 13,000.00 8,600.00
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Rent7/1/2020 22.00 8,578.00
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Gross wages7/2/2020 10,000.00 -
*note that the final payroll date was accelerated to ensure it could count toward loan forgiveness
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