--- title: Loans, Budgets and Comeback Strategies for Dentists description: CPA Mike White talks with Amol Nirgudkar about the loans programs, budgeting tips and comeback strategies that can help dentists plan for a phased re-opening. image: https://blog.patientprism.com/hubfs/Blog/Featured%20Images/CLA-MikeWhite.png --- - [Contact](https://patientprism.com/contact/) - [Patient PrismLOGIN](https://web.patientprism.com/) [![Patient Prism | Healthcare Lead Tracking Software](https://blog.patientprism.com/hs-fs/hubfs/2024_Patient-Prism_Logo_Blue.png?width=800&height=247&name=2024_Patient-Prism_Logo_Blue.png "Patient Prism | Healthcare Lead Tracking Software")](https://blog.patientprism.com/hubfs/PP-Logo-2024.png) - Product - ![](https://patientprism.com/wp-content/uploads/2018/10/Patient-Prism-Product-Overview-@2x.png) ### [Product Overview Learn more about Patient Prism's key features and benefits](https://patientprism.com/product-overview/) - ![](https://patientprism.com/wp-content/uploads/2020/09/Patient-Prism-Case-Studies@2x.png) ### [Case Studies Learn how Patient Prism transforms dental practices](https://patientprism.com/case-studies/) - ![](https://patientprism.com/wp-content/uploads/2018/10/Patient-Prism-Dental-Practice-Customers@2x.png) ### [Customers Discover the amazing dental practices that utilize Patient Prism](https://patientprism.com/customer/) - Solutions - ### [Private Dental Practice Our software is perfect for single dental practices. 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Visit our help center for quick answers and tutorials.](https://support.patientprism.com/hc/en-us) - ![](https://patientprism.com/wp-content/uploads/2020/09/Affiliate-Program@2x.png) ### [Affiliate Program Be a part of Patient Prism's growing network of affiliates.](https://patientprism.com/affiliates-program/) - [Contact](https://patientprism.com/contact/) - [Patient Prism LOGIN](https://web.patientprism.com/) - [Schedule Demo](https://patientprism.com/schedule-demo/) Patient Prism's Dental Industry Blog Here you'll find hundreds of articles and video interviews with dental industry experts on the topics of DSO and practice growth, dental software, call-tracking technology, patient experience and artificial intelligence fueling the dental industries ability to treat more patients and change lives. - by: Mike White - 6 min read # [Loans, Budgets and Comeback Strategies for Dentists](https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists) - [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) - [AI Call Intelligence (1)](https://blog.patientprism.com/topic/ai-call-intelligence) - [Dental Call Tracking (23)](https://blog.patientprism.com/topic/dental-call-tracking) - [Dental Marketing (33)](https://blog.patientprism.com/topic/dental-marketing) - [Dental Practice Leadership (192)](https://blog.patientprism.com/topic/dental-practice-leadership) - [Dental Technology (71)](https://blog.patientprism.com/topic/dental-technology) - [DSO (42)](https://blog.patientprism.com/topic/dso) - [Multi-Practice Growth (95)](https://blog.patientprism.com/topic/multi-practice-growth) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/facebook-logo%20(2).svg)Share](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fblog.patientprism.com%2Floans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/twitter%20(5).svg)Tweet](https://www.twitter.com/share?url=https%3A%2F%2Fblog.patientprism.com%2Floans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/linkedin-logo%20(2).svg)Post](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/envelope%20(1).svg)Mail](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists) April 2020--Dentists have learned a lot of acronyms in the past few weeks including PPP and EIDL. To help sort through all the different loan programs, budgeting tips and comeback strategies for dentists, Mike White of CLA talked to Patient Prism CEO Amol Nirgudkar. Mike is a CPA and a Principal, Health Care at CLA and specializes in working with independent dentists and DSOs.   Below is a quick synopsis of the conversation. For deeper analysis, please view the video.   ## Loans for Dentists On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES) went into effect. It included loan components that small business owners including dentists could apply for. ### SBA Economic Injury Disaster Loan program (EIDL) - Waived personal guarantees on loans under $200,000 - Waved the “unable to obtain credit elsewhere” provisions - Very few businesses got more than $25,000 approved   ### Paycheck Protection Program (PPP) - Offered loans for businesses to maintain payroll and related benefits - 100% forgivable if showed the money went to payroll and approved expenses within eight weeks of disbursement - Unused portion becomes a low-interest, two-year loan - All $350 billion in funding was allocated by April 15, 2020 ### Lines of Credit If you have a line of credit that’s already approved through a bank, this might be a good time to draw down the entire amount and keep it as cash on hand, said Amol Nirgudkar, who was a dental CPA for years before launching Patient Prism. Another option to access cash is to take a home equity loan. In the video, Mike White and Amol Nirgudkar discuss the benefits and drawbacks of each type of loan.   ## Dental Practice Budgets for Different Scenarios CLA uses business intelligence products to power their analysis and plan for different budgets based on revenue projections. “Dental practices are going to be reopening at different times,” said White. “Some states may open in May, while others don’t open until sometime in June. Plus, the number of patients that can be seen may be different than it was before.” One of the huge unknowns is the impact COVID-19 will have on dental patient scheduling. For example, orthodontic offices with open bays and multiple chairs will need to consider social distancing between patients. Every dental practice owner will need to consider waiting room protocols and factor in extra time to sterilize patient areas even more thoroughly than the normal universal precautions. “When we start seeing patients again, we may not be at 100% capacity. We’re going to have expenses immediately, but our cash won’t come back for another month or so. That’s going to impact who you hire back and how quickly. Doctors might be doing hygiene for a while, depending on the schedule,” explained White. Mike White suggests dentists work with their CPAs to plan for different scenarios. Start by looking at your lines of cash, credit, and loan money and then determine revenue and expenses based on doing 25% of normal production, 50%, 75% and 100%.   ## Comeback Strategies for Dental Practices Dentists need to have a plan, said White. “Are we going to be expanding our schedule? Are we going to expand the number of associates we have? Do we have payment options for people who may have lost their dental insurance? Who’s working the schedule to get patients back? These are some of the questions that need to be answered,” said White. Besides scheduling and staffing considerations, dentists need to start planning for supplies. Dentists will need Personal Protective Equipment (PPE) and cleaning supplies to ensure the safety of their team members and patients. Since there is a shortage of both, now is the time to start ordering and figuring out the supply chain issues. [![Schedule a Patient Prism Demo with Brenton Paul](https://no-cache.hubspot.com/cta/default/3321879/e1446252-1677-4ab5-a324-628c0b4fab63.png)](https://cta-redirect.hubspot.com/cta/redirect/3321879/e1446252-1677-4ab5-a324-628c0b4fab63) ## Additional Resources CLA has a series of COVID-19 resources available on its website at [claconnect.com/COVID19](https://www.claconnect.com/COVID19). For more interviews with experts, training resources, and guides, visit [Academy.PatientPrism.com](https://academy.patientprism.com/) ### Share Post: - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/facebook-logo%20(2).svg)Share](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fblog.patientprism.com%2Floans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/twitter%20(5).svg)Tweet](https://www.twitter.com/share?url=https%3A%2F%2Fblog.patientprism.com%2Floans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/linkedin-logo%20(2).svg)Post](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists) - [![](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/envelope%20(1).svg)Mail](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists) ##### [Previous Article](https://blog.patientprism.com/dental-insurance-covid-19) ### [Dental Insurance Participation Considerations Post-COVID](https://blog.patientprism.com/dental-insurance-covid-19) ##### [Next Article](https://blog.patientprism.com/smile-brands-covid-response) ### [COVID-19 Rapid Response Strategies for Dental Practices and DSOs](https://blog.patientprism.com/smile-brands-covid-response) ![shape](https://cdn2.hubspot.net/hubfs/6464971/blog_9_wow_design/shape.svg "shape") #### Subscribe to our blog for the latest updates ![Sign Up For Patient Prism Dental Newsletter](https://blog.patientprism.com/hubfs/images/icons/Sign%20Up%20For%20Patient%20Prism%20Dental%20Newsletter.png "Sign Up For Patient Prism Dental Newsletter") By submitting this form you will be receiving our latest updates on post. We're committed to your privacy. Patient Prism uses the information you provide to us to contact you about our relevant content, products, and services.  You may unsubscribe from these communications at any time.  - Recent - Popular [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) ##### [Bulletproof: Patient Prism Equips Private Dentists to Compete with DSOs](https://blog.patientprism.com/bulletproof-patient-prism-equips-private-dentists-to-compete-with-dsos) [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) ##### [Bulletproof: Did a New Patient Call and Then Fail to Schedule? 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Patient Prism provides your front desk team or call center with the tools and coaching they need to book more new patients on the first phone call.  [![Schedule Demo](https://no-cache.hubspot.com/cta/default/3321879/0b902015-8fd3-4970-b9f9-fd203c36af1c.png)](https://cta-redirect.hubspot.com/cta/redirect/3321879/0b902015-8fd3-4970-b9f9-fd203c36af1c) ### Related Posts - [by Deborah Bush](https://blog.patientprism.com/author/deborah-bush) - 6 min read #### [Bulletproof: Patient Prism Equips Private Dentists to Compete with DSOs](https://blog.patientprism.com/bulletproof-patient-prism-equips-private-dentists-to-compete-with-dsos) August 2023 In Bulletproof Dental Practice Podcast Episode 302, hosts Dr. Peter Boulden and Dr. Craig Spodak ask Patient... - ##### [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) - [by Deborah Bush](https://blog.patientprism.com/author/deborah-bush) - 4 min read #### [Bulletproof: Did a New Patient Call and Then Fail to Schedule? Reach Out!](https://blog.patientprism.com/bulletproof-new-dental-patient-fail-to-schedule-reach-out) August 2023 "If there is anything resounding that we have learned at Patient Prism, it is that reaching back out to offe... - ##### [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) - [by Deborah Bush](https://blog.patientprism.com/author/deborah-bush) - 6 min read #### [Bulletproof: There Is Actionable Intelligence in Your Calls](https://blog.patientprism.com/there-is-actionable-intelligence-in-your-calls) August 2023 In Bulletproof Dental Practice Podcast Episode 302, hosted by Dr. Peter Boulden and Dr. Craig Spodak, Patien... - ##### [Dental Practice Leadership](https://blog.patientprism.com/topic/dental-practice-leadership) [![Patient Prism Logo](https://blog.patientprism.com/hs-fs/hubfs/images/logos/PPLogo_eHed.png?width=274&height=79&name=PPLogo_eHed.png "Patient Prism Logo")](https://www.patientprism.com/) 2803 W Busch Blvd, Suite 201, Tampa, FL 33618 1-800-381-3638 PRODUCT - [Product](https://www.patientprism.com/product-overview/) - [Pricing](https://www.patientprism.com/pricing/) - [Affiliate Program](https://www.patientprism.com/affiliates-program/) TEAM - [About Us](https://www.patientprism.com/about/) - [Contact Us](https://www.patientprism.com/contact-us/) - [Support](https://support.patientprism.com/hc/en-us) - [In the News](https://www.patientprism.com/in-the-news/) SOLUTIONS - [DSO](https://www.patientprism.com/multi-group-solutions/) - [Private Dental Practice](https://www.patientprism.com/private-dental-practice-solutions/) - [Office Manager](https://www.patientprism.com/front-desk-solutions/) - [Marketing Manager](https://www.patientprism.com/marketing-manager-solutions/) RESOURCES - [Help Center](https://support.patientprism.com/hc/en-us) - [eBooks, guides, and charts](https://www.patientprism.com/guides-ebooks-and-charts/) - [Case Studies](https://www.patientprism.com/case-studies/) - [Blog](https://blog.patientprism.com/) - [Academy](https://academy.patientprism.com/) - [Privacy Policy](https://www.iubenda.com/privacy-policy/84700694) - [Accessibility](https://patientprism.com/accessibility/) - [Terms & Conditions](https://patientprism.com/terms/) Third-party trademarks, logos, and trade names appearing on the site are the property of their respective owners. Copyright Patient Prism®. 2020 All rights reserved. ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/834660133/?guid=ON&script=0) ![](https://dc.ads.linkedin.com/collect/?pid=150810&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Mike White", "url" : "https://blog.patientprism.com/author/mike-white" }, "dateModified" : "2023-07-17T18:17:12.676Z", "datePublished" : "2020-04-17T14:49:31.000Z", "headline" : "Loans, Budgets and Comeback Strategies for Dentists", "image" : [ "https://blog.patientprism.com/hubfs/Blog/Featured%20Images/CLA-MikeWhite.png" ], "mainEntityOfPage" : { "@id" : "https://blog.patientprism.com/loans-budgets-comeback-strategies-dentists", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.patientprism.com/hubfs/2024_Patient-Prism_Logo_Blue.png" }, "name" : "Patient Prism" } } ```