SBA Opens EIDL to Agriculture

The Small Business Administration announced this week that Ag businesses are now eligible for the SBA’s Economic Injury Disaster Loans and EIDL Advance programs. The EIDL portal has been closed since April 15th, however, the Agency reopened the portal in a limited capacity this week. SBA is reopening the Loan and Advance application portal to Ag enterprises only. SBA will move forward and process the applications without the need for re-applying for producers that submitted a loan application through the portal before the legislative change in funding.

Ag Secretary Sonny Perdue said the move “will make a tremendous difference for America’s agricultural community.”

Agricultural businesses include businesses engaged in the legal production of food and fiber, ranching, and raising livestock, aquaculture, and other farming and agricultural-related industries. Applicants must have 500 or fewer employees.

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