Delta Dental of California and Lendeavor have partnered to develop a $200 million post-pandemic loan program for its independent provider network across 15 states and Washington, D.C.
The program, managed by digital lender Lendeavor, launches April 30 and includes a combination of cash-flow relief and interest savings.
"Like many small businesses, providers are directly experiencing the financial impacts of the COVID-19 crisis," Mike Castro, president and CEO of Delta Dental of California, said in a press release. "This program is one way we can help some of them continue to care for patients now and manage their practices as the country recovers."
The program is available to independent network providers in Delta Dental of California's operating areas of Alabama, California, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, Montana, Nevada, New York, Pennsylvania, Texas, Utah, West Virginia and Washington, D.C.