Our goal is to keep you updated on PPP loans and give you as much information as we know today, April 2, 2020.

What we know:

  • The US Small Business Administration announced on March 31, 2020 that businesses and sole proprietorships can apply for PPP loans starting April 3, 2020. Independent contractors and self-employed individuals can begin applying on April 10, 2020.
  • Lenders are still waiting for more operational details from the US Small Business Administration before they can begin reviewing, approving and funding PPP applications.
  • Simplifi anticipates lenders accepting applications as early as Friday, April 3, 2020.

What you can do today to prepare your PPP loan request:

  • Become familiar with the PPP application by visiting the SBA website.
  • Start collecting documents that are listed in the PPP Document Checklist.
  • All owners with 20% or more ownership, must complete a Beneficial Ownership Form.
  • Reach out to your CPA to talk about ways to validate our payroll costs.

What’s Next?

  • In the next day or two we will send out a follow-up email with more specific instructions on the application process.
  • We will continue to update our COVID-19 Resource Center with the most updated information available. Check this resource often.

We are here to help For more information visit our COVID-19 Resource Page at Reach out to your Simplifi Contact or the Customer Care Center at 855-855-8451.

April 2, 2020

PPP Loan Checklist

April 2, 2020

Beneficial Ownership Form

April 2, 2020

COVID-19 Practical Scenario Guide for Employers

April 2, 2020

Payroll Protection Act Summary

April 1, 2020

Family First Cares Relief Summary

March 31, 2020

Economic Disaster Injury Loans Guide for Employers

March 30, 2020

FFCRA_Poster – Mandatory Poster for All Employers

March 25, 2020

Philadelphia and PIDC to provide a $9 million relief fund to small businesses

March 23, 2020

Important Direct Deposit Changes – VERY IMPORTANT

March 23, 2020

Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave.

March 22, 2020

Corona Virus Emergency Legislation FAQ

March 21, 2020

Coronavirus Unemployment: Answers from the Pennsylvania Department of Labor

March 21, 2020

NJDOL Benefits and The Corona Virus: What Employees should know