Articles tagged under: Paycheck Protection Program
Congress Extends PPP Deadline
Published March 29, 2021
Legislation extending the Paycheck Protection Program signup deadline to the end of May is awaiting President Biden’s signature. There were early misconceptions about who qualifies for PPP, but that has changed. First State Bank Market President Tom Capouch says there…More Time to Sign Up for PPP
Published March 26, 2021
President Joe Biden is expected to sign legislation to extend the deadline for enrollment in the Paycheck Protection Program from March 31 to May 31. At this point, only four percent of PPP loan funding has gone to the agriculture…Minnesota Lawmakers Work Through the Budget
Published March 21, 2021
The state budget is a primary focus for Minnesota lawmakers this session. Last week, Governor Tim Walz released revised budget recommendations. Representative John Burkel says the agriculture budget is in a good place. "The only concerning thing I see in…Senators Seek PPP Clarifications
Published February 22, 2021
A group of Senators have sent a letter to the U.S. Department of Treasury and the Small Business Administration asking for clarification if farmers and ranchers are eligible for Paycheck Protection Program loans. According to Senator John Hoeven, operations organized…Give the Paycheck Protection Program Another Look
Published February 17, 2021
Sign-up is open for the Paycheck Protection Program. MinnStar Bank Farm Management Analyst Kent Thiesse says if farmers did not qualify for the first round, the program may be worth revisiting. "Now, farmers can use line nine on the Schedule…More Paycheck Protection Program Benefits
Published December 22, 2020
The latest COVID-19 relief package provides $284.5 billion to reopen and strengthen the Paycheck Protection Program for first time and second time borrowers. PPP loans are reserved for businesses with fewer than 300 employees that sustained a 25 percent loss…Agriculture Receives $13 Billion in Coronavirus Relief
Published December 21, 2020
After a lengthy weekend session, Congress will vote today on legislation to fund the government and deliver coronavirus assistance. The $908 billion COVID-19 package includes $13 billion for agriculture. Crop farmers will receive a supplemental $20 per acre Coronavirus Food…Thune Seeks to Extend PPP Benefits to More Farmers
Published June 12, 2020
South Dakota Senator John Thune went to the floor Thursday to highlight the need for continued agricultural support. Thune has offered legislation to allow more farmers and ranchers to benefit from the Paycheck Protection Program. This program provides loans to…President Trump Signs PPP Flexibility Act
Published June 5, 2020
President Trump signed the bipartisan Paycheck Protection Program Flexibility Act on Friday. The bill makes changes to the small business loan program, providing greater flexibility for loan forgiveness.