Program offers loan guarantees to rural businesses and agricultural producers that are not eligible for USDA Farm Service Agency loans.

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DACF Bureau of Agriculture

Date: May 25, 2020

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

To: Maine agriculture businesses

Subject: Business and Industry CARES Act Program

Rural Maine businesses that are not eligible for USDA Farm Service Agency loans may be able to get funding under the Business and Industry CARES Act Program provisions, which were included in the Coronavirus Aid, Relief and Economic Security Act. Loans must be used as working capital to prevent, prepare for, or respond to the effects of the coronavirus pandemic. The application deadline is June 22, learn more.

USDA is hosting two webinars to provide an overview of program requirements:

Wednesday, May 27 at 3:30 p.m. Register

Wednesday, June 3 at 2:00 p.m. Register