The U.S. Small Business Administration began accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications today at 12:00 PM EDT on a limited basis only, to provide relief to dairy farms and other U.S. agricultural businesses. The application is available here.
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, visit this link.
The National Milk Producers Federation has numerous EIDL resources available on its coronavirus website page, www.nmpf.org/coronavirus. 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)
The National Milk Producers Federation, based in Arlington, VA, develops and carries out policies that advance dairy producers and the cooperatives they own. NMPF’s member cooperatives produce more than two-thirds of U.S. milk, making NMPF dairy’s voice on Capitol Hill and with government agencies. For more, visit www.nmpf.org.
