PPP2 loans–are you eligible?

Jan. 15, 2021
Everyone’s talking about the PPP2 loans, and the application process is now open. Do you know if you're eligible for a Paycheck Protection Program 2 loan? Find out from expert Mark Schmidt.

Mark Schmidt is CEO of Fund-Ex Solutions Group, which has helped over 1,300 small businesses, including dental practices, secure over $150 million worth of PPP loans.

In this chat with Dr. Pamela Maragliano-Muniz, Schmidt explains that the new PPP2 loans are being rolled out in phases, and the bulk will become available on Tuesday, January 19.

He provides an overview of what the new round of loans will look like, and the differences between the first and second rounds of loans. The second round is bigger because there’s more demand. More people are applying because the pandemic has lasted much longer than anyone predicted.

Dr. Pam asks if dentists will have to pay back these loans. Schmidt said most health-care professionals should be able to qualify for forgiveness if they follow all of the rules.

He explains the criteria and what applicants can expect, and provides a brief overview of the application process. Learn more from this PPP loan expert and whether or not you qualify for a PPP2 loan. 

For more informative and up-to-the-minute video chats with key industry experts, visit DentistryIQ Videos.

Pamela Maragliano-Muniz, DMD, is the chief editor of DentistryIQ and editorial co-director of Through the Loupes. Based in Salem, Massachusetts, Dr. Maragliano-Muniz began her clinical career as a dental hygienist. She went on to attend Tufts University School of Dental Medicine, where she earned her doctorate in dental medicine. She then attended the University of California, Los Angeles, School of Dental Medicine, where she became board-certified in prosthodontics. Dr. Maragliano-Muniz owns a private practice, Salem Dental Arts, and lectures on a variety of clinical topics. You may contact her at [email protected]