Articles tagged under: Paycheck Protection Program
SBA Accepting More PPP Loan Applications
Published April 27, 2020
The Small Business Administration will start accepting loan applications for the Paycheck Protection Program again today. Congressional lawmakers replenished the program with $310 billion last week. Farmers are eligible to apply for the PPP loans as well as the Economic…Pork Producers Want Loan Restrictions Removed
Published April 24, 2020
Restrictive language is preventing some pork producers from being eligible for Small Business Administration Paycheck Protection Program loans. According to the National Pork Producers Council, an estimated 25 percent of the U.S. hog industry is automatically disqualified from applying for…New Coronavirus Package Replenishes Paycheck Protection Program
Published April 23, 2020
President Trump signed a $484 billion coronavirus aid package. The legislation replenishes $310 billion for the Small Business Administration’s Paycheck Protection Program. The package also allows farmers to be eligible for the Small Business Administration’s Economic Injury Disaster Loans and…PPP Expected to Get Additional $$
Published April 20, 2020
Congress is expected to vote on another coronavirus assistance proposal this week, adding money to the Payroll Protection Program. The Small Business Administration program ran out of funds last week and another $300 billion is expected to be added to…Paycheck Protection Program Funds Reach Limit
Published April 16, 2020
On Thursday, the Small Business Administration reached the $349 billion lending limit for the Paycheck Protection Program. Small businesses with unprocessed loans will now wait for Congress to approve more funding. Lawmakers are attempting to add $250 billion to the…More Paycheck Protection Program Guidelines Available
Published April 15, 2020
The Small Business Administration released more guidelines for the Paycheck Protection Program loans. The guidelines provide more information for sole proprietor businesses that don’t have employees. Sole proprietors can use net profits as payroll. "They want us to use the…AgCountry Farm Credit Services Can Access SBA Loans
Published April 14, 2020
AgCountry Farm Credit Services now has access to the Small Business Administration’s portal to administer the Paycheck Protection Program loans. "We have links to the applications on our website. We are encouraging farmers to download an application, fill it out…Lawmakers May Try Again to Boost Funds for Small Business Loans
Published April 13, 2020
Lawmakers may try again to increase funding for small business loans. The first attempt was blocked in the Senate last week. Over the weekend, Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy said they’d continue to try…Additional SBA Loan Funding on Hold
Published April 10, 2020
Senate Democrats objected a vote to add $250 billion to the Paycheck Protection Program. The lawmakers said the measure failed to address more urgent needs. While there has been a strong interest in small business loans, Minnesota Senator Tina Smith…