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Non Payback Loan
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kagen
Posted 3/28/2020 16:05 (#8146582 - in reply to #8146393)
Subject: RE: Non Payback Loan


Panhandle of Ne.
What I read is there is a specific number of employees, like 50 or so, to qualify and keep these employees for a specified amount of time to make it a non-payback. I'm sure this is subject to change.

Did a little more research and seems as if the loan is only good for amount of annual salaries/wages. It's called the paycheck protection program. It is only available for entities or people that fall under the SBA guidelines which most ag producers would.

https://home.treasury.gov/policy-issues/small-business-programs/smal...

Edited by kagen 3/28/2020 16:28
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