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How to Apply for a Coronavirus Emergency Loan
With $350 billion from the federal government slated to support small businesses—including dental practices—during the COVID-19 pandemic, the US Chamber of Commerce Foundation has created a handy guide and checklist to assist those interested in applying. The loans are designed to keep employees working during this economic slowdown. Known as the Paycheck Protection Program, the loans are available to small businesses with 500 or fewer employees and you can borrow up to 2.5 times your monthly payroll cost. These loans are also eligible to be forgiven. Read more here.