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...
Log in to view this resource
Not Yet a Member?
Join The McGill Advisory with a money-back guarantee
Learn More
Join
Start Your Free 30-Day Trial Membership
Begin increasing your wealth—by saving on taxes, boosting practice profit, conserving what you earn, and ensuring a successful retirement.
Your 30-day free trial entitles you to an 8-page monthly newsletter, plus unlimited online 24/7 access to hundreds of tax reduction, practice management, wealth protection, and retirement planning solutions. No obligation, no credit card.
Free 30-Day Trial Membership
The McGill Advisory content Is provided For informational purposes only And does Not constitute legal, accounting, Or other professional advice.
Copyright © 2022 John K. McGill & Company, Inc.
Practice Management | Financing
Economic Injury Disaster Loans (EIDL) - Information and Application
View
Practice Management | Financing
Provider Relief Fund Reporting Now Due (Online-Only Article)
Read Article
Practice Management | Financing
Why Borrowing Money For New Equipment, Technology, And Practice Purchases Is Your Best Bet
Read Article
Practice Management | Financing
October 26 Deadline To Apply For Provider Relief Fund Payments
Read Article
Practice Management | Financing
HHS Announces $25.5 Billion In Provider Funding Available
Read Article
Practice Management | Financing
SBA Expands EIDL Program To Boost Loans
Read Article
Once you have created your account, click below to refresh this page and access this content.