USDA Seeks Applications to Support Working Capital for Rural Businesses, Ag Producers

The Coronavirus Aid, Relief and Economic Security (CARES) Act passed by Congress authorized nearly $1 billion in additional loan guarantee authority for the U.S. Department of Agriculture and created the Business and Industry (B&I) CARES Act Program. 

For the first time, agricultural producers may access this program if they are ineligible for financing from USDA’s Farm Service Agency. Any loan guaranteed by the B&I CARES Act Program must be used as working capital to prevent, prepare for or respond to the effects of the coronavirus pandemic.

Share this post:

Comments on "USDA Seeks Applications to Support Working Capital for Rural Businesses, Ag Producers"

Comments 0-5 of 0

Please login to comment