PPP/EIDL clarification, Delta financial assistance, employment matters and other COVID-19 resource updates.
Clarification on EIDL & PPP Loans
There are multiple SBA loan options available for employers. However, there has also been a lot of confusion recently about not being eligible for the new Paycheck Protection Program (PPP) loan if you already have an EIDL loan. This is incorrect. Small businesses can apply for both loans, but simply cannot use funds from the loans for the same purpose.
To find an eligible lender for the PPP loan, contact your bank to see if they are an SBA lender or click here to find lenders in your area.
As we await further guidance from the ADA on PPP loans, you may find the following resources helpful. As always, we encourage you to speak with your accountant and tax advisor.
Delta Dental Financial Support Programs Deadline Approaching
On March 20, Delta Dental of Washington announced two new programs to provide financial support to Delta member dentists as a result of the COVID-19 crisis. Applications for the DDWA Independent Dental Practice Reimbursement Advance Program (RAP) and the DDWA Independent Dental Practice Assistance Fund (PAF) are due April 15. Learn more and complete applications.
Employer/Worker Resources
The following new resources may be helpful in understanding employment matters during the COVID-19 pandemic as well as changes to unemployment benefits.
Upcoming ADA Webinars
Four Ways to Stay Healthy During Crisis
Thursday, April 9 at 11:00 AM PT | Register
Calculate the Cash Burn Rate Of Your Dental Practice and Extend the Number of Days You Have Money Left in the COVID-19 Crisis
Friday, April 10 at 9:00 AM PT | Register
Please continue to check
wsda.org/COVID-19 and its
Clinical Guidance and
Business Impacts pages for additional resources and updates.
Sincerely,
Dr. Dennis Bradshaw
WSDA President