|
|
Congressional Deal Adds $300+ Billion to PPP, $60 Billion to EIDL Program
Funds Expected to Only Last a Couple of Days After Bill Signed Into Law by President Trump, So Don’t Delay!
Today, the United States Senate voted to approve a deal reached by congressional leadership and the White House to add funding to both the Paycheck Protection Program (PPP) and the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program. These programs ran out of funding last week. The U.S. House of Representatives is expected to pass the bill Thursday, sending it to President Trump’s desk for his signature later this week. The PPP will see more than $300 billion in additional funding, after the initial $349 billion ran out after approximately two weeks. Approximately $60 billion of these funds would be set aside for community-based lenders, credit unions, and smaller banks to assist smaller businesses without established relationships with big banks and were shut out from accessing the funds in the first round of loans. The EIDL program will receive an additional $60 billion.For a side-by-side comparison of the two programs from the National Federation of Independent Business (NFIB), click here. ACT FAST! Funding WILL NOT Last!
If you have not already applied for a PPP loan or an EIDL and are thinking of doing so, we cannot stress enough the importance of getting your application in as quickly as possible after funding is added to the programs. Some experts are estimating that these additional funds may only last a few days, due to very high demand, and it is unclear when (or if) additional funding will be allocated to these programs. For info on how to apply, see the “SBA Paycheck Protection Program Loans” and “Small Business Administration” sections of the MAC Virtual Toolkit.
|
|
|
Spring Virtual Convention
Physical Measures, Tests Available on Saturday, April 25th!
According to guidance we have received from the State of Michigan, an online course may qualify as live, during this state of emergency period, if it allows the viewer to interact in real time with the course presenter. This allows Virtual Convention attendees to achieve the following State of Michigan requirements, which usually must be completed in a live, in-person program:
- Performance and Ordering of Tests (2 hours): Saturday, 8-10a, Dr. Jeff Rich, Imaging Case Study Result
- Physical Measures (2 hours): Saturday,, 10:30a-12:30p, Dr. Ken Murkowski, II, The Modern Structural Breakdown
These are the only times these hours will be offered during the Virtual Convention.
|
|
|
|
|
Disclaimer: The Michigan Association of Chiropractors is a professional association advocating for the rights of chiropractors and their patients across the state of Michigan. We are NOT a state agency or regulatory body. We are merely informing our membership regarding what they are allowed to do during this difficult and confusing time. The information we provide during
this pandemic is derived in conjunction with our governmental relations and legal experts, developed after examination of all official releases of information from the State of Michigan and in consultation with said experts and representatives from state government. Please refer to our emails and website for the latest information, free from speculation and the rumors currently circulating in the wake of official state actions. Rest assured that we will continue to advocate for the profession at the highest levels, with the health and well-being of you and your patients, as well as the overall stability of the health care system, foremost in our efforts.
|
|
|
|
|
|
|
|
|
|
|
