SBA to Resume Processing PPP Applications After Trump Signs Funding Bill
By Phillip Brasher
AgriPulse
The Small Business Administration on Monday will start accepting new applications for the Paycheck Protection Program, using more than $300 billion in new funding provided by a coronavirus relief bill President Donald Trump signed into law Friday.
Farmers also are eligible under the bill to start applying for SBA’s Economic Injury Disaster Loan program, which provides $10,000 “emergency advances” that don’t have to paid back, plus low-interest loans for up to $2 million.