Wisconsin Department of Ag and WEDC Notifying State Farmers About Federal Paycheck Protection Program
Monday, April 6th, 2020 -- 8:47 AM
(Wisconsin Ag Connection) -Following new guidance issued by the U.S. Department of Treasury and the Small Business Administration, the Wisconsin Department of Agriculture and Wisconsin Economic Development Corporation are notifying state farmers about the opportunity to apply for the federal Paycheck Protection Program.The PPP provides small businesses with loans to pay up to eight weeks of payroll costs, including benefits. The funding can also be used to pay interest on mortgages, rent, and utilities. Loans will be provided on a first-come, first-served basis. Agricultural producers are eligible and can get started on the application now.
For questions on the Paycheck Protection Program, applicants should contact the Lender Relations Specialist in their local SBA Field Office.
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