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USDA to Provide $1 Billion in Loan Guarantees for Rural Businesses and Ag Producers

USDA to Provide $1 Billion in Loan Guarantees for Rural Businesses and Ag Producers

U.S. Secretary of Agriculture Sonny Perdue announced that the Department is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry (B&I) CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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