Farmers gain improved access to small business support as PP

Farmers gain improved access to small business support as PPP reopens


Farmers who run their operations as sole proprietors, independent contractors, or otherwise self-employed individuals will have newly expanded access to the Paycheck Protection Program (PPP) under changes made in the COVID stimulus package Congress approved. 
Producers who were denied PPP loans or whose loan amounts did not consider self-employment compensation may now be eligible for the vital federal small business support. Eligibility information and more details can be found here. Those wanting to apply for a PPP loan should contact lenders directly for more information on when PPP will be open for that specific lender.
“NMPF is pleased that many of our dairy farmers will have fewer restrictions and limitations on the PPP support available to them as the program reopens this week,” said Jim Mulhern, National Milk Producers Federation’s president and CEO. “We have been grateful for the support already extended to dairy through PPP, and we deeply appreciate the improved access found in the latest stimulus package.” 

Related Keywords

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