Up to Date Information on COVID-19 & Guidance for Farmers
“Agriculture’s role is unquestionable: access to food is a right; we need local agriculture now more than ever”
– Pennsylvania Department of Ag Secretary Russel Redding
Economic Injury Disaster Loans Available to Small Businesses and Non-Profits
Governor Tom Wolf today announced the availability of low-interest loans for small businesses and eligible non-profits in all 67 counties in Pennsylvania through the U.S. Small Business Administration (SBA).
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
Businesses may obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing impaired), or by e-mailing firstname.lastname@example.org.
Loan applications can also be downloaded at www.sba.gov/disaster. Applicants may apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://disasterloan.sba.gov/ela. Completed applications should be returned to the local DLOC or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to return economic injury disaster loan applications is Dec. 21, 2020.
COVID-19 and Your Dairy, Webinar on Friday, March 20 @10 AM EST
Tomorrow, Cornell University is hosting a webinar for Dairy managers in relations actions around COVID-19. This webinar will focus on “steps that employers should take to protect employees, animal health considerations, what to do if service providers are not available, disaster contingency plans, cross-training of employees who can fill other roles, business resources for employers, and pending federal and state legislation related to coronavirus and employees”.
The link to the webinar is can be found below: