SBA Issues Frequently Asked Questions on PPP Loan Forgiveness
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.