Agricultural Businesses Now Eligible for Economic Industry Disaster Loan
By Rania Kaur
KPLC-TV 7
Agricultural businesses were only eligible for the Small Business Administration’s Payroll Protection Plan (PPP) loan, but now they can also apply for the Economic Industry Disaster Loan (EIDL).
“We’re in the second round of funding for the paycheck protection program and the EIDL which is the emergency injury disaster loan which has been available to small businesses with under 500 employees,” said George Swift, President, and CEO of the Southwest Louisiana Economic Development Alliance. “I think we realize that agriculture is a business and is very important especially to our region here in Southwest Louisiana.”