PPP for Dentists: Calculating a Second Draw Amount and Planning for Forgiveness

Art of Dental Finance and Management

Calculating your Second Draw Paycheck Protection Program (PPP) loan amount and navigating the loan forgiveness process can be complicated. This episode of The Art of Dental Finance and Management podcast helps break down the details dentists need to know about the PPP. The Small Business Administration (SBA) recently released guidance that helps provide clarity. This episode breaks down the details of the PPP program for dentists, how it may affect your dental practice and how you can maximize your PPP loan forgiveness, including: · Understanding the new PPP loan forgiveness rules · Completing the simplified one-page PPP loan forgiveness form for loans under $150,000 · Calculating maximum Second Draw PPP loan amount · Registering on the HHS Provider Relief Fund online portal · Qualifying for the Employee Retention Tax Credit (ERTC) Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist. PPP funding is complex. Let us help you make sense of compliance and maximize loan forgiveness. https://www.eidebailly.com/insights/articles/2021/1/heres-what-you-need-to-know-about-the-updated-ppp-programs