Business of Dentistry podcast

135: Show Me The Money! SBA Loan Update

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After finishing this episode, we got the following notice from the SBA. I would continue to monitor their site just in case more money becomes available.

Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
To learn more about the relief options available for your business, click here.

 

We've been shut down for about three weeks now and I wanted to give you a quick SBA loan update. 

 

Today, I’m going over some good, confirmed Small Business Administration (SBA) information that you can use today (something that I received in my inbox). This is a direct email, which is official documentation or correspondence from them. 

 

At this point, I am optimistic that some of these programs will help us weather the storm here. 

 

I have this healthy distrust of my government when it comes to these things. But it sounds like they're sorting it out. Our government is revamping a lot of things as they go along. They've been slower than I would like. But we all have to be patient, especially during this unprecedented time.

 

I haven’t received any funds yet. But there are people getting it finally… so I finally had the courage to stand here behind the mic and tell you that these things are working to some extent for some people. 

 

In this episode, you’ll hear:

  • An overview of the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP)
  • Loan information, who can apply, loan details and forgiveness
  • How to use the SBA Local Assistance Tool to find lenders near you
  • Available tools and resources (found below)

 

SBA General Information

Copy of Small Business Administration Email

Find SBA Local Assistance

SBA COVID-19 Resources

 

Economic Injury Disaster Loan

Loan Overview

Apply Online

Eligibility

 

Paycheck Protection Program

Loan Information

Who Can Apply

Loan Details and Forgiveness

Other Assistance

Lender Forms and Guidance

FAQ

Find A Paycheck Protection Program Lender

PPP Lender Form

Lender Agreement

SBA Standard Loan Note

 

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Dr. Russell Kirk

Podcast

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