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:


Matt Severson

VP - Risk Management

Recent Posts

May 21, 2020
Nearly daily there is new information released for grants, low interest loans, and other government assistance programs related to Covid-19 financial aid and direct producer payments.
May 15, 2020
There is an optimum time to harvest alfalfa based off on the maturity and height of the plant. Once the maturity and height of plant is captured,  feed value can be predicted.
May 14, 2020
Predictive Equations of Alfalfa Quality (PEAQ) provides an estimate of the quality, measured as Relative Feed Value (RFV), of a crop of first cutting alfalfa standing in the field. (Iowa State...

Related Posts