State Survey Regarding SBA Loans for Physicians
A MESSAGE FROM THE MEDICAL SOCIETY OF THE STATE OF NEW YORK (MSSNY)
“In late April, Congress approved an additional $310 billion dollars for the Paycheck Protection forgivable loan Program (PPP) to assist small businesses, including physician practices. To date, the program has approved assistance to nearly 250,000 New York businesses in two different rounds of application periods.
The Congressional package also provided $75 billion more for the CARES Act Health Provider Relief Pool, to assist hospitals and physicians. This is in addition to $30 billion dedicated to physicians and hospitals, in early April, based on 2019 Medicare payments, and $20 billion was just made available to physicians and hospitals based on 2018 total patient revenue.
As with the first survey, The Medical Society of the State of New York (MSSNY) wants to gather data to determine how much New York physicians are benefiting from these new resources, to better guide our advocacy for further stimulus bills. Please help us evaluate this by taking a few minutes to fill out and submit the following Survey Monkey questionnaire.