Posted 7/29/2020 07:49 (#8402475 - in reply to #8402439) Subject: RE: How many farmers got PPP loans?
Boone Co. Iowa
I applied a week or two ago and got one.
Started off by calling Farm Credit. Was told they wouldn't apply for me, as "We had to draw the line somewhere...."
My local bank was more than happy to help. Banker said that many farmers don't show much income on Schedule F, so they would not be elgible for much $. The bank makes a little $ for processing the loan. Banker sounded like a got a lot of "new" business from folks rejected by Farm Credit.
Illinois Steve notes that the program changed a lot.