135: Show Me The Money! SBA Loan Update

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   Connect with Russell: Dr. Russell Kirk Podcast Facebook - https://www.facebook.com/businessofdentistrypodcast/ IG - https://www.instagram.com/businessofdentistry/ Twitter - https://twitter.com/businessdentist LinkedIn - https://www.linkedin.com/company/business-of-dentistry/   *** EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at https://emeraldcitypro.com   

Om Podcasten

Dr. Russell Kirk is a private practice oral surgeon who is on a mission to help dentists succeed in the business and clinical aspects of practice ownership. On the podcast he shares experiences from his own practice. He also interviews influencers in the profession to get additional insights. His discussions focus on fixing broken business systems in dental offices, reducing overhead while maximizing profit, recognizing burnout and battling against it, building healthy teams, creating positive customer experiences, improving self awareness and mindset for dentists (in life and practice), and creating successful marketing plans. The Business of Dentistry features practical strategies for dentists interested in improving and growing their businesses.