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Agriculture Now Eligible For Economy Injury Disaster Loans

 

Statement from SBA Regional Administrator Justin Crossie on

Agricultural businesses throughout Texas are now eligible to apply for U.S. Small Business Administration Economic Injury Disaster Loans (EIDL) for the first time in 30 years, as a result of legislation enacted by President Trump.

Agricultural businesses include those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and related agricultural industries (as defined by section 18(b) of the Small Business Act (15 USC. 647(b)).

The SBA will begin accepting new EIDL and EIDL Advance applications on a limited basis only, to provide this unprecedented relief to US agricultural businesses. The application is available at www.SBA.gov/Disaster.

At this time, accepted are only agricultural business applications due to limitations in funding availability and the unprecedented submission of applications already received.

Also, SBA has resumed processing EIDL applications submitted before April 15. SBA processes all applications on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the streamlined application portal before the legislative change, SBA will process these applications without the need for re-applying.

SBA made this programing decision to provide the most significant emergency funding relief to as many small businesses, private non-profits, and agricultural businesses as possible.

Together we will continue to get through this pandemic.

For more information or to apply, please visit www.sba.gov/Disaster.