COVID-19 Resources

The financial and clinical challenges you face now are evolving rapidly. Here are resources,
solutions, and ideas we think will help. Please visit often, as this information changes quickly.

Financial Resources

If your dental practice has experienced financial hardship during the COVID-19 public health emergency, there are financial options available. Below are resources to help provide relief.

Consult with your accountant, attorney, or business advisor to determine if a specific program is right for your practice.

Loan Programs


 

Economic Injury Disaster Loans
You must repay

The U.S. Small Business Administration (SBA) is providing low-interest loans qualifying small businesses to help with hardships caused by the COVID-19 pandemic. Loans are for up to $2 million and a potential $10,000 grant up front. May be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the public health emergency.

Who is eligible?
Small businesses, generally no more than 500 employees

How to apply:
Contact your bank or SBA-approved lender. Get additional assistance from your local Small Business Development Center.

Paycheck Protection Program Loans
You may not need to repay

Federally guaranteed loans to cover eight weeks of payroll expenses with additional amounts used to make payments towards certain business debts, such as interest on mortgage, rent, and utilities. You may borrow up to three months of average payroll costs from last year plus an additional 25% of that amount to a maximum of $10 million. The availability of funds is subject to change. Please continue to check SBA website.

Who is eligible?
Small businesses, generally no more than 500 employees

How to apply:
Contact your bank or SBA-approved lender. Get additional assistance from your local Small Business Development Center.

Unemployment insurance


 

Federal Pandemic Unemployment Insurance

The CARES Act provides full federal support of state unemployment benefits for layoffs and job disruptions due to COVID-19. Individuals may qualify for unemployment benefit assistance if they are unemployed, partially unemployed, or unable to work, even if they are contractors and do not usually qualify for unemployment benefits, according to the rules of their state.

How to apply:
Contact your state unemployment office.

Resources from National Dental Associations

Please defer to your state’s dental board for updates and guidelines.

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