ABSTRACT

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:
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