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SBA PPP
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Iowegian
Posted 4/3/2020 20:15 (#8162122 - in reply to #8162049)
Subject: RE: Seems to be some confusion..............


It has been a total moving target. Farms in an LLC or Corp can apply right now. The money is on a first come, first serve basis. Amounts can vary a lot. If you qualify, there is no down side. It will either be forgiven or be two year money at 1% fixed.

There will be another traunch targeted toward a different group that will be available on the 10th of April for others. Details will likely move around as much as this first traunch did. A lot.

I would rather see farmers get much of this money b/c they are getting hit on all sides. CV 19 has hit our markets about hard as anyone. Sonny Purdue has his fund built back up for tariff relief, but that is about it - $15B or so. This SBA fund has about $350B in it. Might not hurt to check out where the real money is.

Edited by Iowegian 4/3/2020 21:20
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