Agribusiness

Title

Update to Small Business Administration (SBA) COVID-19 Related Loans

Publication Date

Spring 5-1-2020

Publication Number

LGP 1053

Summary

Congress has passed and the President signed on April 24, 2020 the Paycheck Protection and Health Care Enhancement Act. The law added $310 billion to the Paycheck Protection Program (PPP) and $60 billion to the Emergency Injury Disaster Loan (EIDL) program. The Small Business Administration (SBA) opened processing for these programs on Monday April 27, 20201.

Publication Type

Short Communication

Publisher

Land-Grant Press by Clemson Extension

Publisher City

Clemson, SC

Target Audiences

Farms, farmers, small businesses

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