SDDSNY Bulletin July/August 2021

Classifieds Office with rear garden. Montague St., Brooklyn Heights. Dental office for 60 years. 2 treatment and hygienist room, galley sterilization area. Reception, waiting room and bath. Landlord (914) 645-7402. Looking to share space during phase out of a 40 year practice in Gravesend/Bensonhurst. Would need one operatory eight days per month with the possibility to transfer 200+ active patients. My lease ending 08/01/2021. I have staff, two operatories of equipment and supplies if needed. Contact: cell (516) 647-7370 email: drd1053@gmail.com. STATEN ISLAND PRACTICE &BUILDING FOR SALE: Established Staten Island practice offers perfect opportunity for new dentist starting out or existing practice looking to expand…5 fully equipped ops! Please contact (917) 295-6027 for details. DENTAL PRACTICE FOR SALE – Established fee for service practice in Bay Ridge; Approx 800 sq. ft.; Three operatories; Modern; In private home, long term lease available. Contact johnp.demas@gmail.com or (917) 930-7851 for details. DENTAL OFFICE FOR RENT/SALE —Modern dental practice in a very busy area of Bensonhurst, Brooklyn, 11204 / 1st floor / corner building / approx. 1000 sq. ft. (high ceiling). Three fully equipped operatories / custom cabinets / flat screenTVs / computerized / central AC & heat. Nitrous oxide / pulse oximeter. Eagle software system, digital schick X-rays, panoramic machine, waiting room area & nice size reception area plus flat screen TV. Fully equipped laboratory area / kitchen / storage room / basement. Alarm & stereo system / phone system / 24 hrs surveillance camera. Private office (separate entrance). Near public transportation. Long term lease / available immediately. Please contact us @ (718) 435-0045. DENTAL OFFICE FOR RENT – Midwood; 1500 sq. ft.; private house; modern; 3 operatories: large waiting room; separate office, lounge and lab. Central air; alarm system and basement for storage. jamders@aol.com (917) 697-0671. SDDS Important News Updates Continued from Page 3 » PPP Loan Forgiveness Deadlines Approaching for Borrowers who Received First Draw Loans Dentists Encouraged to Contact Their Lenders by Jennifer Garvin For dentists who received first draw Paycheck Protection Program loans, the deadline to apply for loan forgiveness could be on the horizon. Depending on when the borrower received the loan and used the funds, the forgiveness period could fall between July and September of this year. For instance, for borrowers who received their loan funds in April 2020, and chose an eight-week covered period, the deadline might have been as early as July. Borrowers who received funds in April 2020 but chose a 24-week covered period would have until later this year to apply for forgiveness. The ADA is encouraging dentists who have questions about when their forgive- ness period ends to contact their lenders. According to the Small Business Admin- istration (SBA), borrowers of first draw Paycheck Protection Program (PPP), or PPP loans, qualify for full loan forgiveness if during the 8- to 24-week covered period of their loan they meet the following criteria: • Maintained employees and compensation levels • Used the loan to take care of payroll costs and other eligible expenses • Spent at least 60% of the loans on payroll costs The SBA also noted that borrowers can apply for forgiveness any time up to the maturity date of their PPP loan. For borrowers who do not apply for forgiveness within 10 months after the last day of the covered period, the PPP loan payments are no longer deferred and they will need to begin making loan payments to their PPP lender. The Paycheck Protection Programwas a loan established by the Coronavirus Aid, Relief and Economic Security Act in March 2020 to provide a direct incentive for small businesses to keep or rehire their workers. To apply for forgiveness of loans under $150,000, go to https://bit.ly/SBA-3508S to download Form 3508S. To apply for forgive- ness of loans over $150,000, go to https://bit.ly/ SBA-3508 to download Form 3508. For infor- mation about the ADA’s advocacy efforts during COVID-19, visit ADA.org/COVID19Advocacy Experts urge businesses to start Paycheck Protection Program forgiveness applications as soon as possible. Borrowers who took funds when the program launched in April 2020 need to apply for forgiveness by mid-July, after which the funding automatically becomes a standard loan with interest. WWW.SDDSNY.ORG 15