Small Business Assistance

Updated May 19, 2020

AGD encourages members to learn more about loans and grants available to you through the U.S. Small Business Administration. 

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Small Business Administration PPP Loan Forgiveness Application NEW



Paycheck Protection Program


Paycheck Protection Program (PPP) loan application instructions and sample applications are now available on the Small Business Administration (SBA) website.  Applications must be submitted directly to an SBA-participating lender who can begin processing loans on April 3, 2020. The lender will provide the actual application to complete.

AGD recommends the following steps to get started:

  1. Review the application template.  It is two pages and should not take long to complete.  Other than providing average monthly payroll for the past 12 months, the applicant must simply answer yes/no questions and initial certification statements.
  2. Contact local lenders or financial institutions to determine whether they are participating lenders. Right now, there is not a central clearinghouse of participating lenders.
  3. File the application.

How quickly will I receive funds? There is no timeline in the CARES Act. We know that the government is committed to expediting relief to individuals and businesses; we also expect delays given the unprecedented scale of the COVID-19 crisis. 

Confusion continues to abound over how the PPP loans relate to the SBA's two long-standing Economic Injury Disaster Loan (EIDL) program and the new Paycheck Protection Program. Dentists can apply for both programs.  AGD advises members to consult with their accountants, attorneys and financial advisors to develop the best strategy for their practice. 

Economic Injury Disaster Loan

SBA EIDL program is for businesses in SBA-designated natural disaster areas. The SBA declared that the COVID-19 pandemic is a natural disaster impacting all 50 states and the five territories.


The covered period of eligibility for applying for an EIDL is now through Dec. 31, 2020.

Application Process: 

Apply directly through the SBA website. There are specific tax and SBA financial disclosure forms required. Loans are issued by SBA approved lenders on a case-by-case basis based on disclosures and credit history.

NEW: Emergency Advance:

The CARES Act provides for a $10,000 emergency advance (within three days of submitting an application) issued by the SBA, while the EIDL application is pending. The applicant will receive the advance whether or not a loan is approved. This advance is not expected to be repaid.



AGD urges patience throughout the loan process; the immediate demand for these programs will initially overwhelm the SBA and SBA-approved lenders that will issue the loans. We will continue to monitor the programs and provide updates. AGD's outside legal counsel also shared some details about the CARES Act and small business loans.

AGD has added a webinar, COVID-19: EIDL and PPP – What You Need to Know Now, on April 6. Register now to get more information.