USDA, SBA Partner to Help Farmers Challenge Federal Agencies
A new USDA portal is giving ranchers and rural business owners a place to flag regulatory problems, part of a multi-agency effort to address enforcement concerns more quickly.
small business administration
Bipartisan Push Seeks More Farmers and Ranchers Eligible for PPP Loans
Lawmakers seek clarified terms to ensure more farmers and ranchers are eligible for loans through the Paycheck Protection Program. The request, via a letter to the Treasury Department and Small Business Administration, was led by Representative Ron Kind and Senator Tammy Baldwin, Wisconsin Democrats, along with Republican Senator John Thune of South Dakota
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AARP Warning Rural Communities Of Coronavirus Scams
The long-lasting impact the coronavirus will have on rural America has many concerned. Unstable markets have many experts concerned the trend of farm bankruptcies will continue to move higher. And while federal aid for farms and small businesses is available it’s important to be diligent when applying and watch out for fraud.
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Democrats, White House Can’t Agree On Another Stimulus Package
The White House and Hill Democrats remain at odds on the way forward on another pandemic aid package, despite the growing needs in agriculture and other sectors. While both sides of the aisle says more economic aid is needed, talks are on hold, amid big differences on new proposals and as aides to the president advised waiting, maybe another month, to see the impact of trillions already approved
SBA Opens EIDL to Agriculture
The Small Business Administration announced this week that Ag businesses are now eligible for the SBA’s Economic Injury Disaster Loans and EIDL Advance programs. The EIDL portal has been closed since April 15th, however, the Agency reopened the portal in a limited capacity this week. SBA
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Agreement Reached on Expanding Coronavirus Aid, Ag Eligibility in EIDL
On Tuesday, lawmakers reached an agreement allowing agriculture to participate in the Small Business Administration’s Economic Injury Disaster Loan program. The agreement is part of a larger deal, a $484 billion coronavirus package to extend the Paycheck Protection Program. The
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Baldwin Wants Farmers Eligible for SBA Grants, Forgivable Loans
Wisconsin Senator Tammy Baldwin is calling on the administrator of the Small Business Administration to clarify that farms are eligible for both grants and loans. She wants to make sure farmers are eligible for the Economic Injury Disaster Loan Program, as well as guarantee they can get sufficient loans through the Paycheck Protection Program, created under the CARES Act
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AFBF: Farmers Impacted By COVID-19 Have Options
Farmers and ranchers hurt by the coronavirus pandemic will have several aid programs available to assist them, including programs under development by the USDA and the Small Business Administration. American Farm Bureau Federation Economist Veronica Nigh said several portions of the CARES Act are targeted for the Ag industry
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SBA and USDA Working Together To Help Rural America
Ag Secretary Sonny Perdue and Small Business Administration chief Linda McMahon signed a Memorandum of Understanding on strengthening small businesses and the agricultural economies in rural America. They signed the MOU last week during a stop on Perdue’s “Back to Our Roots” tour in Ohio. The collaboration is...
Small Business Administration Another Option for Farm Loans
Additional funding has been made available for farmers and ranchers who are looking to take advantage of Farm Service Agency loans, but FSA Administrator Val Dolcini notes there is another option.
The Small Business Administration also offers loan programs that Dolcini said are a nice compliment to the FSA in rural America.
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