According to a U.S. Department of Agriculture press release, the agency and the Small Business Administration have announced that agricultural producers, for the first time, are now eligible for the Small Business Administration (SBA)’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs.
“America’s farmers, ranchers, and producers need the same help that other American businesses need during this unprecedented time,” said Secretary Perdue, according to the contents of the press release. “This significant new authority signed by President Trump will make a tremendous difference for America’s agricultural community.”
The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic. To read the press release, click here. To apply on the SBA website, click here.