Letter urges Congress to provide start-up small businesses with access to PPP, allow businesses to choose any 3-month period to illustrate reduction in revenue
— The ADA is urging Congress to consider additional changes to the Paycheck Protection Program in the next COVID-19 relief package to ensure that small businesses, including dental practices, are able to easily access and utilize this critical loan program.
In a Feb. 19 letter
to leaders of the House Committee on Small Business and Senate Committee on Small Business and Entrepreneurship, ADA President Daniel J. Klemmedson, D.D.S., M.D., and Executive Director Kathleen T. O’Loughlin, D.M.D., thanked lawmakers for their continued efforts to combat the challenging effects of the COVID-19 pandemic but stressed the need for continued improvements to the Paycheck Protection Program, or PPP.
“A majority of dental practices are small businesses, and PPP has been key to ensuring those dental practices continue to retain and pay their employees, as well as provide essential oral health care services to their patients,” Drs. Klemmedson and O’Loughlin wrote. “However, PPP could be improved if Congress enacted some changes, especially regarding second draw PPP loans.”