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Agricultural Producers are eligible for Paycheck Protection Program

Apr 06, 2020

The Department of Treasury and the Small Business Administration have announced that agricultural producers are eligible to participate in the Paycheck Protection 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. An overview of the PPP program can be found here. Information for prospective borrowers can be found here. The application for borrowers can be found here. For more information, call Maine Small Business Administration at 622-8551.


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