Covid-19: Recovering Your Practice Value
Please bookmark this page as we will continue to provide information as we gather it.
RECORDED WEBINAR: Covid-19 Silent Partners Still Investing in Dental Practices of all Specialties on April 30, 2020
Economic Injury Disaster Loan Program
EIDL loans are now available. Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories.
On March 27th, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a stimulus bill that includes a loan program to keep small businesses aﬂoat during mandated COVID-19-related closures. The CARES Act includes a Paycheck Protection Program (PPP) which authorizes up to $349 billion of federally guaranteed loans to qualifying small businesses. This new loan program is based on the architecture of the SBA’s existing 7(a) loan program and will make forgivable loans of up to $10 million available to qualifying small businesses. – Click here to apply for Disaster Assistance (sba.gov).
Large Practice Sales – Webinar (Recorded)
The world has changed and those who monetize in 2020 will be almost as happy as our grateful clients who completed transactions in 2019 and as recently as March 16, 2020. We have a window and it will only be open for a short time. Transactions will resume shortly after the shutdown and you will want to be one of them. Diversification and liquidity will be very valuable in 2021 and beyond.