Small Business Administration | Red River Farm Network

Senators Seek PPP Clarifications

Published February 22, 2021

A group of Senators have sent a letter to the U.S. Department of Treasury and the Small Business Administration asking for clarification if farmers and ranchers are eligible for Paycheck Protection Program loans. According to Senator John Hoeven, operations organized…

SBA Accepting More PPP Loan Applications

Published April 27, 2020

The Small Business Administration will start accepting loan applications for the Paycheck Protection Program again today. Congressional lawmakers replenished the program with $310 billion last week. Farmers are eligible to apply for the PPP loans as well as the Economic…

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New Coronavirus Package Replenishes Paycheck Protection Program

Published April 23, 2020

President Trump signed a $484 billion coronavirus aid package. The legislation replenishes $310 billion for the Small Business Administration’s Paycheck Protection Program. The package also allows farmers to be eligible for the Small Business Administration’s Economic Injury Disaster Loans and…

Paycheck Protection Program Funds Reach Limit

Published April 16, 2020

On Thursday, the Small Business Administration reached the $349 billion lending limit for the Paycheck Protection Program. Small businesses with unprocessed loans will now wait for Congress to approve more funding. Lawmakers are attempting to add $250 billion to the…

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More Paycheck Protection Program Guidelines Available

Published April 15, 2020

The Small Business Administration released more guidelines for the Paycheck Protection Program loans. The guidelines provide more information for sole proprietor businesses that don’t have employees. Sole proprietors can use net profits as payroll. "They want us to use the…

Top Stories Latest News Ag Business

AgCountry Farm Credit Services Can Access SBA Loans

Published April 14, 2020

AgCountry Farm Credit Services now has access to the Small Business Administration’s portal to administer the Paycheck Protection Program loans. "We have links to the applications on our website. We are encouraging farmers to download an application, fill it out…

Meeting the Demand for Small Business Loans

Published April 9, 2020

There's been a strong demand for the Small Business Administration's Paycheck Protection Program loans. North Dakota Bankers Association President and CEO Rick Clayburgh says there are still a few banks in North Dakota who can’t access the SBA portal, but…

Small Business Administration System Challenges Local Lenders

Published April 7, 2020

Farm Credit Services across the country are struggling to access the Small Business Administration portal to administer Paycheck Protection Program loans. According to AgCountry Farm Credit Services Senior Vice President of Government and Public Affairs Howard Olson, AgCountry is not…

Top Stories Latest News Ag Business

More Details on the Paycheck Protection Program Loans

Published April 7, 2020

Agriculture enterprises that employ 500 or fewer people are eligible for Paycheck Protection Program loans. These are the small business loans from the latest coronavirus economic stimulus package. In the past, the Small Business Administration hasn’t considered farms as qualified…

Top Stories Latest News Ag Business

Articles tagged under: Small Business Administration

Senators Seek PPP Clarifications

SBA Accepting More PPP Loan Applications

New Coronavirus Package Replenishes Paycheck Protection Program

Paycheck Protection Program Funds Reach Limit

More Paycheck Protection Program Guidelines Available

AgCountry Farm Credit Services Can Access SBA Loans

Meeting the Demand for Small Business Loans

Small Business Administration System Challenges Local Lenders

More Details on the Paycheck Protection Program Loans

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