Paycheck Protection Program Loans Available to Agricultural Producers
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Congress recently passed the $2.2 Trillion CARES Act to provide relief for people during the COVID-19 pandemic. There are many facets to this legislation, however, one that is of particular interest to the farm community is the Paycheck Protection Loan Program for small businesses. Under the final ruling issued today, farms were included in this program. This would include any farm with less than 500 employees regardless of revenue.
You may have received other notices of this program. However, in an effort to make sure all of our agricultural clientele are aware of this program, we are sending this to all of our agricultural producers. There are a couple of links to specific sites below that have more information and details on how you can apply for this program. One is the Farm Bureau website which has the most up-to-date information which was updated this morning.
Here are links to further information:
If you have any questions on this program please contact the NC office of the US Small Business Administration at the above link.
We hope this information is helpful. Stay safe and healthy and we appreciate all you do.