Source: FARM PROGRESS, 5/21/20


USDA is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. “Ensuring more rural agricultural producers are able to gain access to much-needed capital in these unprecedented times is a cornerstone of that commitment," Agriculture Secretary Sonny Perdue said.  

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