Stimulus loans provided through the federal Paycheck Protection Program (PPP) have played a key role in supporting veterinary care and keeping veterinary practices open during the COVID-19 pandemic. More than half of all U.S. veterinary practices have borrowed money through the forgivable loan program, according to an AVMA analysis of the data from the U.S. Small Business Administration. PPP loan funding remains available, and veterinary practices can continue to apply for these loans through Aug. 8. Visit the AVMA@Work blog to learn more about PPP loans and veterinary medicine.
COVID-19 loans are supporting veterinary teams and patients
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