USDA to provide $1B in loan guarantees for rural businesses and ag producers

Saturday, May 23, 2020

WASHINGTON, D.C. (USDA) – U.S. Secretary of Agriculture Sonny Perdue Friday announced that the Department is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry (B&I) CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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