This information was sent to AVMA members in an email update last night (Wednesday, April 1, 2020).
Federal agencies are moving quickly to implement the COVID-19 stimulus measures. The Treasury Department says lenders will be able to begin processing applications for forgivable small-business loans through the Paycheck Protection Program as early as this Friday, April 3, with approval possible the day of application. The Small Business Administration (SBA) has posted a sample loan application to help potential applicants prepare.
AVMA has developed a suite of resources to help you understand the relief programs, including this new loan program, and decide how best to use them for your individual situation:
Understand the details of new programs and requirements
Our COVID-19 legislation and regulations page has detailed information to help you understand how the federal relief measures affect you, your team, and your business:
Another page: Addressing contractual obligations helps you identify considerations for addressing financial obligations to vendors and suppliers when business operations are reduced due to the COVID-19 pandemic.
Tools for food animal veterinarians and shelters
Two new AVMA resources provide practical guidance to help food animal veterinarians and animal shelter personnel carry out essential work during the pandemic:
AVMA continues to develop new resources to help you navigate the evolving situation. Some of the materials we're working on:
- Updated guidance on small business programs from Washington, DC
- More free webinars on both economic and scientific topics
- Information for equine practices
All of these resources will be available on the AVMA’s COVID-19 webpage, along with a wide range of other practical tools to help veterinarians and veterinary practices navigate the coronavirus pandemic. We continue to add new information and resources. You can subscribe to this blog and follow AVMA’s social media pages to make sure you stay informed.