The Department of Treasury and Small Business Administration (SBA) released an interim final rule on the Paycheck Protection Program (PPP). Agricultural producers and food processors are eligible to participate in the program and should reach out to their bankers and/or agricultural lenders to apply immediately. While SBA still needs to confirm some administrative details, loans will be provided on a first-come, first-served basis and producers and processors can get started on the application now.
- For a top-line overview of the PPP program CLICK HERE
- Information for prospective borrowers can be found HERE
- The application for borrowers can be found HERE
The best Point of Contract for questions on the Paycheck Protection Program is the Lender Relations Specialist in your local SBA Field Office. The local SBA Field Office may be found at https://www.sba.gov/tools/local-assistance/districtoffices.
The post Paycheck Protection Program: Producers Can Apply Now appeared first in The Ag Workforce Journal
