Co-op News > May 2020 > New Eligibility Notice for EIDL

New Eligibility Notice for EIDL

May 12, 2020

Economic Injury Disaster Loan

US Small Business Administration has released new eligibility for EIDL.

In response to the Coronavirus pandemic, the US Small Business Administration (SBA) recently put out a notice for New Eligibility for Economic Injury Disaster Loan and Advance (EIDL).

A few highlights from the SBA website:

  • SBA is now accepting new EIDL loan and advance applications on a limited basis only to provide relief to U.S. agricultural business.
  • Ag businesses includes those engaged in the production of food, fiber, ranching, and raising livestock.
  • University of Wisconsin Extension and SBA hosted this webinar explaining the program and application process.

This program is currently available through the SBA website unlike other programs offered through our local banks or FSA offices.

For more information or to submit an application, please go to: www.SBA.gov/Disaster
 

 

Matt Severson

VP - Risk Management
 


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