Contents tagged with PPP
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Despite rocky start, SBA loans expected to provide financial assistance to practices
By Brian Justice
UPDATE: As of April 16, 2020, the Small Business Administration reports the funds for the PPP loans and EIDL advances have run out. Congress is considering appropriating another $2.5 billion so for now, the program is suspended. We will let you know as soon as we know more. https://www.sba.gov/disaster-assistance/coronavirus-covid-19
The devastating economic impact of the coronavirus pandemic is being felt by medical practices across the country, but help is supposed to be available through the Coronavirus Aid, Relief and Economic Security Act (CARES) for small businesses. The Small Business Administration will oversee the distribution of millions of dollars in grants and loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Grants to help small businesses, like your practice.
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