"SimpleHR pushed out small business resources timely, professionally, and efficiently via email and webinars. Couldn't have asked for anything more from this team!"
Our clients responded to the addition of this page and the ongoing support they received throughout the many changes brought on by COVID-19 and we've listened and adapted to continue providing information and resources along the way.
"Timely information and outstanding support. My point of contact, Stephanie, is awesome!"
"Would like to applaud your team in providing top notch customer service all the time (not just during this unprecedented time). Your approach surpasses any corporate HR entity"
Once you visit the COVID-19 Response and Resource page, you'll notice a link to the new PPP guidance issued by the Small Business Administration. This resource is offered to you as a starting point for questions and concerns pertaining to the second round of PPP.
The Payroll Protection Program, widely known as PPP, was recently reconstituted by the U.S. Small Business Administration (SBA). While your business may have applied for and received the first round of PPP loans, one major change is that Second Draw Loans are now available to businesses that previously received a PPP loan.
Fresh PPP loans are available to first-time borrowers from the following groups:
- Businesses with 500 or fewer employees that are eligible for other SBA 7(a) loans.
- Sole proprietors, independent contractors, and eligible self-employed individuals.
- Not-for-profits, including churches.
- Accommodation and food services operations (those with North American Industry Classification System (NAICS) codes starting with 72) with fewer than 300 employees per physical location.
As with PPP1, the costs eligible for loan forgiveness in PPP2 include payroll, rent, covered mortgage interest, and utilities. For more information and full details on the PPP loans visit the U.S. Treasury website and the Small Business Administration's page on the PPP Second Draw Loans. If you are unsure where to begin, we will be happy to connect you to a SimpleHR expert!
"Julia went above and beyond to help us get all the paperwork and data needed to receive our PPP loan. She is a rock star!"
SimpleHR professionals are working tirelessly for you and we are available to answer your questions and provide our absolute best guidance. We are honored to be the trusted resource for all of your employee management needs. We know that together, we will overcome whatever obstacles come our way.