EIDL Program Reopening TODAY at Noon for Agricultural Businesses

Center for Dairy Excellence

Submit Your Application TODAY for EIDL Program

The Portal Is Reopening for Agricultural Businesses Only

The Small Business Association (SBA) just announced they will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications starting at 12 p.m. today, May 4, on a limited basis only. They are reopening the portal only to agricultural businesses, which includes dairy producers, in order to provide unprecedented relief to U.S. agricultural businesses.

 





The application is available at www.SBA.gov/Disaster. The portal will open for applications starting at noon today.

Submit Your Application Starting at Noon Today

What You Need to Know
  • The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.
  • Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries.
  • SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.
  • At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received.
  • In addition, SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processed on a first-come, first-served basis.
  • For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying.
  • SBA made this programming decision in order to provide the greatest emergency funding relief to as many small businesses, private non-profits, and agricultural businesses as possible.

 





 

About the EIDL Program
EIDL offers up to $10,000 emergency grants and low-interest loans up to $2 million to cover operating expenses during the COVID-19 crisis. EIDLs were not available to dairy farmers in the initial round of funding provided by the $2.2 trillion CARES Act. The agriculture restriction was lifted for the second round of funding. Small businesses can apply for and receive both the PPP loan and EIDL loan simultaneously, but they cannot be used to cover the same expenses.

View More COVID-19 Farm Resources

 

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