Source: John Herath, AGWEB, 3/22/21


Barring a last-minute extension by Congress, farmers and others have just a few days remaining to apply for a Paycheck Protection Program (PPP) loan. The deadline to apply is March 31, although there has been discussion in Congress of extending that deadline into May. Regardless, attorney Nick Jellum says the program is based on the availability of funds, so it could pay to apply as early as possible. PPP is a part of the coronavirus stimulus plan under the 2020 CARES Act and provides forgivable loans up to $10 million. 

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