Economic Injury Disaster Loan Emergency Advance
The Small Business Administration (SBA) has now opened the Emergency Injury Disaster Loan (EIDL) application for agricultural businesses only. Those who have already submitted their application will have them processed without having to re-apply. Agricultural businesses with 500 or fewer employees who are engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries are eligible.
For more information and to access the application, please go to: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance
U.S. SBA News Release: 20-38
Paycheck Protection Program
The Paycheck Protection Program (PPP) is implemented by the SBA with support from the Department of the Treasury. It authorizes up to $349 billion in forgivable loans to small businesses (including farmers and ranchers that qualify) to pay their employees during the COVID-19 crisis.
PPP ResourcesAlaska Division of Agriculture's Notice on the Paycheck Protection Program (PPP)
The Paycheck Protection Program Overview
The Paycheck Protection Program Fact Sheet
Active Participating Lenders with the SBA in Alaska
Interim Final Rule - Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
The Small Business Administration (SBA) Website
Coronavirus (COVID-19) Website
Emergency legislation signed by the Governor permits ARLF borrowers to request forbearance of their ARLF loans for the length of the COVID-19 emergency declaration or November 15, 2020, whichever is earlier. To do so, please complete and submit the application that applies to your loan. To receive forbearance you must be enduring a financial hardship due to the COVID-19 emergency. In addition, forbearance is NOT loan forgiveness. All amounts you do not pay under your current loan schedule are still owed. Please submit your application to email@example.comForbearance Request for a Business Entity
Forbearance Request for an Invividual