Information about Paycheck Protection Program

Supporting MDA members through an unprecedented time: DOWNLOAD FLYER>>

Bank of America is delivering for our members when they need us most, through an unprecedented time. The Paycheck Protection Program is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating banks, including Bank of America, must follow.

Bank of America small business clients will need to apply online.  Ensure you can log in to your Business Online Banking account or enroll in Business Online Banking now.

It also may be helpful to gather the following business documents:

2019 Payroll – total payroll for full year 2019, by employee, as reported to the IRS

2019 Independent Contractor Costs – Listing of 1099’s-MISC for 2019 independent contractors, by person, as reported to the IRS. (Note: Do NOT include 1099’s for services)

Payroll report – as of February 15, 2020 or closest date after that date, by employee

Other information – required by the application is available at the U.S. Treasury website

The U.S. Treasury has outlined eligibility on its website. Eligible clients can apply through Bank of America if they have both a business deposit and business credit relationship as of February 15, 2020. All applications will occur through Online or Mobile Banking by logging onto their Business Online Banking account, CashPro or enrolling in Business Online Banking or CashPro. For more information, please visit

Financial Assistance for dental practices from Bank of America

Bank of America is committed to supporting you through the unprecedented conditions that we are experiencing together. Their ongoing Client Assistance Program was expanded several weeks ago. Through this program, they can waive certain account fees, such as overdraft fees, and defer payments on your credit cards, mortgage and auto loans to help you and your practice.

If you are facing a financial hardship, please contact Bank of America or submit a payment deferral request by using the Online tool or by using Erica®1, their virtual financial assistant in Mobile Banking2. They’’ll get started on your request right away and get back to you soon. If you are not enrolled in Online Banking, click here to enroll and access their online tools.

Work with someone who understands dentistry

When you need financing for your dental practice, you want to work with someone who understands your industry. For over twenty years, Bank of America Practice Solutions has helped dentists across the nation reach their goals through smart financial solutions1 and expert guidance. Whether you own a practice or are just getting started, we can provide customized financial help for your short-term needs and long-term aspirations.

Purchase and start-up:

  • Practice sales and  purchases
  • New practice start-ups
  • Owner-occupied commercial real estate products²

Growth and restructuring:

  • Improvement and expansion financing
  • Equipment financing
  • Practice debt consolidation³

Exclusive benefit for veterans: Get 25% off certain loan fees*

If you’re a veteran of the U.S. Armed Forces, there’s never been a better time to apply for a Practice Solutions loan. We’re offering a discount of 25% off loan administration or origination fees* for a wide range of secured products,1 including term loans, commercial real estate loans,2 Small Business Administration (SBA) loans3 and lines of credit.  We’re committed to supporting veterans who are small business owners. We want to help you succeed. To apply and full rules, contact your Practice Solutions Specialist or call 800.497.6076.

Expert guidance. Personal attention. Real solutions.

Association members receive 50% reduction in loan administration fees.4 To learn more, call us toll free at 800.497.6076 Monday through Thursday, 8 a.m. to 8 p.m., and Friday, 8 a.m. to 7 p.m. EST. You can also visit for more information or to schedule a phone consultation.



1 All programs are subject to credit approval and loan amounts are subject to credit worthiness. Some restrictions may apply.
2 For Owner-Occupied Commercial Real Estate loans (OOCRE), terms up to 25 years and 51% occupancy are required. Real Estate financing options are subject to approval and product availability is subject to change. For SBA loans, SBA eligibility and restrictions apply.
3 Bank of America may prohibit use of account to pay off or pay down another Bank of America account.
4 To be eligible for this reduction, applicants must provide association name and membership number at time of approval.
Bank of America is a registered trademark of Bank of America Corporation. Bank of America Practice Solutions is a division of Bank of America, N.A. ©2019 Bank of America Corporation | AR4DB4V4


The MDA receives royalties when members use the product or services described above.



* If you are a veteran, in active duty, or in the reserves or national guard with the U.S. Armed Forces, for new credit facility applications submitted in Small Business on or after November 1st, 2019 and approved, you can take advantage of a 25% discount on loan administration or origination fees. Collateral requirements and prepayment fees may apply. Excludes Business Advantage Auto Loan, Business Advantage Term Loan, and Business Advantage Line of Credit products, fees charged for renewals of Lines of Credit, and fees charged by third parties (including the Small Business Administration). Validation of veteran status by a DD214, NGB22, or other documentation acceptable to Bank of America may be required. Bank of America may change, discontinue, or cancel the continuation of this fee discount program at any time.
1 All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. Bank of America may prohibit use of an account to pay off or pay down another Bank of America account.
2 Owner-Occupied Commercial Real Estate Loans — Choose from a suite of comprehensive real estate options to buy, to refinance, or to relocate with terms up to 25 years. 51% owner occupancy required. Owner-occupied commercial real estate is defined as property occupied by the borrowing entity and/or its affiliates. The primary source of repayment must be dependent on the cash flow generated by these entities and less than 50% of cash flow may come from third-party, non-affiliated rents.
3 Includes collateral and documentation requirements. Requires approval through the SBA 504 or SBA 7(a) programs. SBA 504 and SBA 7(a) financing up to 90% of purchase price.
Bank of America Practice Solutions is a division of Bank of America, N.A. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.
Sponsorship of endorser’s products and services is not an expressed opinion or approval by the Bank. All promotional and marketing materials are Bank of America Practice Solutions property, as such, cannot be changed, altered or modified, orally or in writing. All questions regarding these materials should be directed or referred to a Bank of America Practice Solutions Sales Associate.

Bank of America is a registered trademark of Bank of America Corporation.
©2019 Bank of America Corporation MAP2867892 | 12/2019