Update on EIDL and PPP Loan Programs for the Week of April 13 with Art Wiederman, CPA

Art of Dental Finance and Management

Many dentists have applied for the Economic Injury Disaster Loan (EIDL) and Payroll Protection Program (PPP) loan programs, which offer government assistance for small businesses. There has been some clarification on the amounts available under the EIDL program. But more importantly, there is an important decision to make regarding the PPP load as banks and financial institutions begin to approve dentists’ applications. Art discusses the various options for dentists: • Take the loan now • Reapply later, or • Not take the loan at all He will also discuss another important action item: sending a letter from the President and Executive Director of the American Dental Association to congressional leaders asking for Congress to allow dentists to choose the date they accept loan proceeds. As this ever-changing program evolves, Art provides insight and resources for dentists during these challenging times. This podcast provides the most up to date information through April 12, 2020. Art Wiederman, CPA HMWC CPAs & Business Advisors [e-mail] 714.505.9000