Moving Your Practice Forward; Looking for Cash in All the Right Places

Cascade is working to provide you with the resources you need to navigate these difficult times. Below you will find an overview of where you may be able to find additional capital to keep your business strong so you can provide essential care to your patients.


SOURCES OF CAPITAL

  • Extension to file and pay 2019 income taxes
  • Research tax credit
  • Paycheck Protection Program (PPP) Loans
  • Economic Injury Disaster Loans (EIDL) and Emergency Economic Injury Grants
  • Employee Retention Credit For Employers
  • State and local programs
  • Traditional lending sources
  • Small Business Debt Relief Program
  • Provider Relief Fund
  • Delay of payment of employer payroll taxes
  • Private grants and programs

R&D TAX CREDIT OVERVIEW

  • Governed by the IRS SS41
  • Based upon qualified research activities in a “current period” compared to a based period
  • Three types of expenditures are eligible for the credit (wages, supplies, and contract research)
  • The credit is filed on form 6765
  • Apply credit against the tax owed

PAYCHECK PROTECTION PROGRAM LOANS (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, or Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

ECONOMIC INJURY DISASTER LOANS AND EMERGENCY ECONOMIC INJURY GRANTS

  • Loan amortization up to 30 years
  • Interest rate of 3.75% for small businesses and 2.75% for nonprofits
  • Personal guarantees on loans greater than $200,000
  • Amount of the loan will be determined by the SBA
  • Apply directly with the SBA on their website

CREDITS AND RELIEFS

OTHER SOURCES OF CAPITAL

  • Small Business Debt Relief Program
  • Traditional Lending Sources
  • State and Local Programs
  • Private Grants and Program

For additional information on the CARES Act, R&D Tax Credits, or other means of capital, contact O&P Insight, Mueller Prost, or Monetek LLC.

Be sure to visit the Cascade website for additional COVID-19 Resources, information on upcoming webinars, and available PPE products.

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