The Small Business Administration (the “SBA”) recently issued Frequently Asked Questions (“FAQs”) to address a variety of topics pertaining to PPP Loan Forgiveness. 

The FAQs cover:

• General Loan Forgiveness
• Loan Forgiveness of Payroll Costs
• Loan Forgiveness of Non-Payroll Costs

The FAQs can be located here:  https://home.treasury.gov/system/files/136/PPP--Loan-Forgiveness-FAQs.pdf

The Attorneys at Levene Gouldin & Thompson, LLP are available to provide advice and counsel concerning these new statutory obligations and other matters related to COVID-19.