Ag Producers Eligible for SBA Paycheck Protection Program (PPP)

Date: April 4, 2020

From: Nancy McBrady, Bureau Director, Bureau of Agriculture, Food and Rural Resources

To: Maine's Agriculture Industry members

Subject: Ag Producers Eligible for SBA Paycheck Protection Program

The Department of Treasury (Treasury) and Small Business Administration (SBA) has released an interim final rule on the Paycheck Protection Program (PPP). Agricultural producers are eligible to participate in the program and should reach out to their bankers and/or agricultural lenders to apply. While SBA still needs to confirm some administrative details, loans will be provided on a first-come, first-served basis and producers can get started on the application now.

• For a top-line overview of the PPP program CLICK HERE
• Information for prospective borrowers can be found HERE
• The application for borrowers can be found HERE

Additional PPP resources @ NASDA