The below information can help you learn more about the program and how it may help your farm:
The Small Business Association Paycheck Protection Program (SBA PPP) provides $350 billion to help prevent workers from losing their jobs and support small businesses due to COVID-19 disruptions. The program opened on Friday, April 3 and will remain open until the funds are exhausted.
If you're interested in learning more about the program, we encourage you to review SBA PPP details and how it may help your operation in this time of uncertainty.
SBA PPP Resources:
How do I determine the size of a loan I’m eligible for?
Carolina Farm Credit has prepared a few resources to help you answer this question. Check out the links below. Included are a document checklist, detailing information you will need to collect, along with an interactive calculator.
Contact your loan officer to start the application process.