The U.S Small Business Administration (SBA) will be accepting new applications for the economic injury disaster loan program on a limited basis. During this round, the application portal will only be available to agriculture businesses. That can include farmers that grow food or create fiber as well as those who are ranchers or raise livestock.
"For more than 30 years, SBA has been prohibited by law from providing disaster assistance to agricultural businesses. However, as a result of the unprecedented legislation enacted by President Trump, American farmers, ranchers, and other agricultural businesses will now have access to emergency working capital," says SBA Administrator Jovita Carranza.
Florida's agriculture commissioner, Nikki Fried, is encouraging farmers to apply immediately. Another federal program, the Paycheck Protection Program, ran out of funds in less than 14 days during its first round.
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