USDA Coronavirus Food Assistance Program
Applications Open May 26, 2020
Assistance for Small Businesses Available Through the CARES Act
Colorado Livestock Association urges livestock producers to consult with their accountant, tax preparer and/or financial advisor to apply for PPP and EIDL.
- Allocated $350 billion to help small businesses keep workers employed.
- Includes self-employed and independent contractors.
- Paycheck Production Program (PPP) provides 100% federally guaranteed loans.
- Loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
- Guidelines about the program are available here.
- You can apply through any existing SBA 7(a) lender or federally insured depository institution, federally insured credit union, or Farm Credit System participating in PPP.
- All lenders have been made SBA loan providers, but not all are participating. Consult with your local lender to see if they are participating.
- Locate institutional SBA Lenders here.
- Small businesses (including farms) who have fewer than 500 employees are eligible for the program.
- The program is open until June 30, 2020. However, borrowers are advised to apply as soon as possible given the loan cap on the program.
- Small businesses and sole proprietors eligible to apply beginning April 3, 2020.
- Independent contractors and self-employed individuals eligible to apply beginning April 10, 2020.
- The U.S. Chamber of Commerce Small Business Guide and Checklist
- Colorado Small Business Development Center (SBDC) Network
- Colorado SBDC’s Paycheck Protection Program Guide
- USDA Paycheck Protection Program FAQ
COVID-19 Workplace Health Resources
Below is a list of resources for farms and ranches to utilize:
- Guidance for Preparing Workplaces for COVID-19 and other coronavirus resources from the Occupational Safety and Health Administration (OSHA)
- Coronavirus/COVID-19 Agricultural Worksite Checklist – Western Center for Agricultural Health and Safety (UC Davis)
- Special Guidance on Products and Services to Protect Against COVID-19 – Consumer Alert from the Colorado Department of Agriculture
- EPA List N: Disinfectants for Use Against SARS-CoV-2 Environmental Protection Agency
- Using Disinfectants to Control the COVID-19 Virus – National Pesticide Information Center
- Cattle Processing in an Unusual Year Guidance – CLA, CCA, and CSU Extension
SBA: Delivering Support to Colorado Producers
by Dan Nordberg and Frances Padilla
The devastating impact of Coronavirus (COVID-19) has tested the will of millions of agricultural businesses and farms throughout rural communities all over our nation, but help is on the way. Congress recently passed an extension of the Paycheck Protection Program (PPP) which includes over $310 billion in new funding to help small businesses and agricultural related industries support their payroll costs.
This program is one of the largest economic recovery efforts in our nation’s history and was built in just seven short days, a true testament to the American spirit and demonstration of what is possible when we come together to serve a higher cause. By leveraging the power of private lenders, the PPP provides businesses with the capital and certainty they need to retain their employees and continue serving our communities.
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