SBA Now Accepting EIDL Applications From Agricultural Businesses
U.S. Small Business Administration (SBA)
announced that the Economic Injury Disaster Loan (EIDL) application portal had temporarily re-opened to allow all previously ineligible agricultural businesses to apply for the EIDL and EIDL Advance programs.
The re-opening of the portal to eligible agricultural businesses is a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act.
Eligible agricultural businesses are now defined as those businesses with 500 or fewer employees engaged in the legal production of food or fiber, ranching, raising of livestock, aquaculture, and all other forms of farming.
Non-agricultural businesses may not apply, except for any businesses that had completed an EIDL application prior to March 29th, received a confirmation # starting with a “2”, and has not yet had the opportunity to submit the additional information required through the new streamlined portal.
Agricultural businesses that submitted an EIDL loan application through the portal prior to the legislative change will not need to reapply. The SBA will move forward and process these applications on a first-in, first-out basis.
All other EIDL loan applications from all other business types that were submitted before the portal was closed due to a lack of funding on April 15th will continue to be processed on a first-in, first-out basis.
For more information on the EIDL program visit the SBA’s website,
To apply for the SBA EIDL loan and/or advance programs, click
To read the full press-release, click