Economic Injury Disaster Loan Applications Opened for Agriculture Producers
The U.S. Small Business Administration began accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications today at noon EDT on a limited basis only, to provide relief to dairy farms and other U.S. agricultural businesses. The application is available on the Small Business Administration website.
The Small Business Administration is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application. During this application window, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received.
For more information or to apply, please visit the Small Business Administration website.
The National Milk Producers Federation has numerous EIDL resources available on its coronavirus website. Among them:
- COVID-19 Economic Injury Disaster Loans Overview (NMPF)
- SBA Disaster Assistance in Response to the Coronavirus (SBA)
- CARES Act and SBA Loan Update Webinar (KCOE in partnership with NMPF)
Additional information can be found on the NC State Extension Dairy portal.