Small Business Administration Loans: Understanding the Options for Dentist Owners

On April 8, 2020, the ADA answered questions about two Small Business Administration loan options available for dental practice owners: the Economic Injury Disaster Loan and Paycheck Protection Program Loan (PPP). Learn more about how to apply and how they…

Small Business Administration Loans: Understanding the Options for Dentist Owners

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On April 8, 2020, the ADA answered questions about two Small Business Administration loan options available for dental practice owners: the Economic Injury Disaster Loan and Paycheck Protection Program Loan (PPP). Learn more about how to apply and how they must be utilized.

Use these timecodes to find quick answers to your questions.
1:47 – Economic Injury Disaster Loan
5:40 – Paycheck Protection Program Loan
8:40 – Applying for both loans
9:34 – What can PPP loans be used for?
10:20 – PPP loan forgiveness
12:20 – PPP loan scenarios
18:36 – Employee retention tax credit
28:38 – Q&A with the experts

Additional Resources:
https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf
https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Please note: The information presented in this video was accurate as of April 8, 2020. Information in this video is subject to change. For the latest updates about issues surrounding COVID-19, visit ADA.org/virus.

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