SBA Makes Economic Injury Disaster Loans Available to Agricultural Businesses
U.S. Small Business Administration Administrator Jovita Carranza announced that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal has reopened as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by President Trump a week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the COVID-19 pandemic.