April 10, 2020
CARES Act information
Agricultural producers can now apply for the U.S. Small Business Administration (SBA) loan called the Paycheck Protection Program (PPP). The new PPP loan is designed to help pay employees, mortgage and rent payments, and utility bills. This loan can be 100% forgivable, based upon maintaining employees and salary for eight weeks. Additional information can be found here.
Related from Paul Neiffer.
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