Source: FARM PROGRESS, 8/10/20


Congress is considering legislation that would include rural businesses and communities initially left out of the Coronavirus Aid, Relief and Economic Security (CARES) Act stimulus package. The Rural Equal Aid (REA) Act, a bipartisan measure led by Rep. Cindy Axne, D-Iowa, and Sen. Jon Tester, D-Montana, will provide relief to entities with loans through the USDA Rural Development program. Currently, only businesses with loans through the Small Business Administration are eligible to have the principal, interest, and any associated fees owed on the covered loans for a six-month period.

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