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Three Bills Are Introduced to Support Small Businesses Including Dental Practices
New legislation designed to increase the flexibility of the United States’ Paycheck Protection Program (PPP) has garnered support from the American Dental Association. The first two bills—HR 2582 PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-Term Act and S 1200 Fair PPP Accounting Act—would change the eligibility regulation for second-time PPP loans from one quarter to 90 days. Without this legislation, dental practice owners would not be able to use the months of March, April, and May 2020 as part of their demonstrated revenue loss. The S 1200 bill would enable private practice owners to use gross instead of net income when applying for a PPP loan. Click here to read more.