COVID-19 UPDATE
SBA Offers Opportunity for $10,000 Advance on EIDL

On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,00 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was denied or is still pending, and will be forgiven.

If you wish to apply for the Advance on your EIDL, please complete the new  STREAMLINED online application as soon as possible. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application .
New Fact Sheet For Dentists Applying For SBA Loans

The ADA has a new fact sheet available for dentists applying for SBA loans in the wake of the COVID-19 pandemic.

The ADA and Academy of Dental CPAs have developed a fact sheet explaining the key SBA loan options available for employers. This includes the Economic Injury Disaster Loan - Section 7(b) Disaster Loan. Both the ADA and Academy of Dental CPAs “encourage” dentists to apply for this loan and note “it is only available through the [Small Business Administration] site.”

The fact sheet also provides information on the Paycheck Protection Loan - Section 7(a) of SBA as well as some information on timing from the Small Business Administration.
ADA Hosting COVID-19 Webinar This Morning

This morning, the ADA will be providing a free webinar detailing steps to survive and thrive to get your practice back on its feet. The webinar will also be available on-demand and will be emailed to members as soon as it becomes available.

19 Ways to Defeat the Pandemic: What you can do now and when you are back to work

Begins 11:00 AM CST

During these turbulent times, we dental professionals have many questions and concerns about the future of our practices. Renowned dentist and noted speaker Dr. Mark E. Hyman will lead a discussion about navigating these unchartered waters and give you 19 ways to survive and actually thrive when times are tough.

He will show you how to lead your staff, reassure and make your patients comfortable once your doors are open again and maintain your own enthusiasm and confidence. From reaching out to the community to keeping your dental team together even when money is tight, Dr. Hyman’s tools will help you reboot your practice and plan for future success.
Kansas Dental Association • 5200 SW Huntoon • Topeka, KS 66604 • 785-272-7360 • ksdental.org