Ag Secretary Perdue applauds announcement that farmers are eligible for SBA disaster loans
U.S. Department of Agriculture Secretary Sonny Perdue applauded the announcement that ag producers are now eligible for the SBA Economic Injury Disaster Loan (EIDL) and EIDL Advanced programs, for the first time.
“America’s farmers, ranchers, and producers need the same help that other American businesses need during this unprecedented time,” said Secretary Perdue. “This significant new authority signed by President Trump will make a tremendous difference for America’s agricultural community.”
In order to help facilitate this important change to EIDL Loan and EIDL Advance assistance eligibility, SBA is re-opening the Loan and Advance application portal to agricultural enterprises only. For agricultural producers that submitted an EIDL loan application through the streamlined application portal prior to the legislative change, SBA will move forward and process these applications without the need for re-applying. All other EIDL loan applications that were submitted prior to April 15 will be processed on a first-in, first-out basis.