E1.21 | Can Practices Really Count on PPP?

Manon returns to provide an update on the Paycheck Protection Program (PPP). If you applied for a loan through the SBA, have you received your disbursement? Do you even know if your application was accepted? Discover how PPP funding and the timing of your disbursement could be critical to a successful soft open.

Featured Guest

Manon Newell | Engaged Practice Growth Specialists

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Focus

Despite the immediate need for economic relief many businesses feel, the rollout of the promised Payroll Protection Program (PPP) loans has been far from smooth. Funding for the initial PPP loans tapped out quickly as millions of businesses and individuals applied right away. Among countless other small businesses, orthodontic practices are scrambling to figure out how to receive emergency relief funds while keeping their office afloat. 

Even with the rough rollout of PPP loans, orthodontic practices still have viable options to turn to, including a second PPP loan application. Another program to look into is an Economic Injury Disaster Loan (EIDL). Manon Newell explores these programs while offering tips on how to secure funds for their practice during the current crisis.

Key Takeaways

  • Learn whether you qualify for the new PPP loan
  • Discover how the Department of Treasury's Code of Regulation can assist you in having a better understanding of the loans
  • Understand the process of filing for the EIDL loan if you are unable to access the PPP loan

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