*IMPORTANT: For businesses in the agricultural sector only
At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received. For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying.
-Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)). SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.
There is a cap of $2 million and loans don’t require any personal guarantee for amounts under $200,000;
Interest rates are set at 3.75% for small businesses, and 2.75% for nonprofits; Principal and interest payments are waived for the first six months of the loan;
Emergency grants of up to $10,000 for eligible small businesses and nonprofits are available while your loan application is being processed.
There’s no fee to apply, and no credit card information is required. For more information, please contact the District SBA branch (801-524-3209 or sba.gov/offices/district/ut/salt-lake-city) or visit https://www.sba.gov/funding-programs/disaster-assistance