COVID-19-Related Loan Assistance for Agricultural Enterprises [Updated October 7, 2021] [open pdf - 636KB]
From the Document: "The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) created the Small Business Administration's (SBA's) Paycheck Protection Program [hyperlink] (PPP), expanded eligibility for Emergency Economic Injury Disaster Loans [hyperlink](EIDLs), and established Emergency EIDL grants to provide short-term, economic relief to certain small businesses and nonprofits [hyperlink]. The CARES Act also made certain agricultural enterprises eligible for SBA COVID-19 [coronavirus disease 2019] relief. When the SBA stopped accepting PPP loan applications on May 31, 2021, it had approved more than 11.8 million PPP loans, totaling nearly $800 billion."
Report Number: | CRS Insight, IN11357 |
Author: | |
Publisher: | |
Date: | 2021-10-07 |
Series: | |
Copyright: | Public Domain |
Retrieved From: | Congressional Research Service: https://crsreports.congress.gov/ |
Format: | pdf |
Media Type: | application/pdf |
URL: |