EIDL Advance https://www.thebatavian.com/ en https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png EIDL Advance https://www.thebatavian.com/ Local Matters © 2008-2023 The Batavian. All Rights Reserved. Thu, 18 Apr 2024 22:22:38 -0400 https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png Mon, 04 May 2020 16:03:00 -0400 USDA announces ag producers now eligible for SBA disaster loans https://www.thebatavian.com/billie-owens/usda-announces-ag-producers-now-eligible-for-sba-disaster-loans/553633 WASHINGTON, D.C. -- U.S. Department of Agriculture Secretary Sonny Perdue today applauded the announcement 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. 

SBA’s EIDL portal has been closed since April 15. However, the Agency is able to reopen the portal today, in a limited capacity, as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act.

The legislation, which was signed into law by the President one week ago, provided additional critical funding for farmers and ranchers affected by the coronavirus (COVID-19) pandemic.

In order to help facilitate this important change to EIDL Loan and EIDL Advance assistance eligibility, SBA is reopening the Loan and Advance application portal to agricultural enterprises only.

For agricultural producers that submitted an EIDL loan application through the streamlined application portal prior to the legislative change, SBA will move forward and process these applications without the need for reapplying.

All other EIDL loan applications that were submitted prior to April 15 will be processed on a first-in, first-out basis.

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https://www.thebatavian.com/billie-owens/usda-announces-ag-producers-now-eligible-for-sba-disaster-loans/553633#comments https://www.thebatavian.com/billie-owens/usda-announces-ag-producers-now-eligible-for-sba-disaster-loans/553633 May 4, 2020, 4:03pm EIDL Advance USDA announces ag producers now eligible for SBA disaster loans Billie Owens <p><strong>WASHINGTON, D.C. --</strong> U.S. Department of Agriculture Secretary Sonny Perdue today applauded the announcement 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.&nbsp;</p> <p>“America’s farmers, ranchers, and producers need the same help that other</p>