(Posted Online April 14, 2021; Updated May 1, 2021)

The SBA recently announced it’s now accepting applications from small businesses (including dental practices) that have been adversely affected by the COVID-19 pandemic for three EIDL programs. These include a new round of Economic Injury Disaster Loan (EIDL) Advances, called Targeted EIDL Advances and Supplemental Targeted Advances, as well as larger EIDL loan amounts.

Targeted EIDL Advances

Eligible practices can receive up to $10,000 in tax- free grant assistance, which doesn’t have to be repaid. If your practice applied for an EIDL Advance last year on or before December 27, 2020 and received less than $10,000, you may be eligible to receive the difference up to the full $10,000 limit. The combined amount of the Targeted Advance and any previously received EIDL Advance can’t exceed...