PPP Application Deadline is March 31, 2021
Paycheck Protection Program Overview Now Online
Reminder that the application deadline for the Paycheck Protection Program (PPP) is March 31.
The UMass Extension Risk Management Education Program conducted a Zoom Meeting on the Paycheck Protection Program (PPP) on Tuesday, February 23, 2021. The meeting was intended for agricultural producers who did not participate in the PPP during last year’s initial signup period. PPP provides loans to help businesses (including agricultural operations) keep their workforce employed during the Coronavirus (COVID-19) crisis. PPP is offered by the U. S. Small Business Administration (SBA) with applications processed by approved local lenders. A key component of the PPP is that the entire loan (or a portion of the loan) may be forgiven provided certain criteria are met!
Has this program been under-utilized by farmers? View recorded information session that focused on PPP for farmers to find out. (Presentation starts at 2:36 into the recording.)
For questions regarding the above information, please contact our Crop Insurance Education Program Manager: Chris Howard at: firstname.lastname@example.org or at 207.570.2868.
USDA and the University of Maine are equal opportunity employers and providers. This material is based upon work supported by USDA/NIFA under Award Number 2018-70027-28584.