Loans

In 2024, after a decade of assisting athletes, industrial workers, and fitness enthusiasts rehabilitate from injuries in a cramped leased space or onsite, Danielle York used an SBA loan to increase the scope of her services, to upscale her square footage, and to expand her impact in Modesto, CA. Danielle used the funds to make the space flow and feel the way she wanted. Large machines such as an infrared sauna and a cryotherapy chamber were purchased to improve patient outcomes. Working capital funded a marketing campaign to spread the word about her new location.

CMS announced amended terms for payments issued under the Accelerated and Advance Payment (AAP) Program as required by recent action by President Trump and Congress. This Medicare loan program allows CMS to make advance payments to providers, which are typically used in emergency situations. Under the Continuing Appropriations Act, 2021 and Other Extensions Act, repayment will now begin one year from the issuance date of each provider or supplier’s accelerated or advance payment. CMS issued $106 billion in payments to providers and suppliers in order to alleviate the financial burden health care providers faced while experiencing cash flow issues in the early stages of combating the Coronavirus Disease 2019 (COVID-19) public health emergency.