SBA makes economic injury disaster loans available to US agricultural businesses impacted by COVID-19 pandemic

WASHINGTON – Jovita Carranza, administrator of the U.S. Small Business Administration, announced recently that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan and EIDL Advance programs. SBA’s EIDL portal will reopen today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the president, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the coronavirus pandemic.“For more than 30 years, SBA has been prohibited by law from providing disaster assistance to agricultural businesses; however, as a result of the unprecedented legislation enacted by President Trump, American farmers, ranche
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