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AACI ISSUE Update - Ag Eligible for Small Business Loans

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On Wednesday, April 1, 2020, the American Association of Crop Insurers (AACI) issued an ISSUE Alert.

"As you may have recently seen through other news outlets, the recently passed CARES Act established the Paycheck Protection Program (PPP), which prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. After speaking with hill staff on both the Senate and House Small Business Committees, we have confirmed that the new law makes agriculture related businesses eligible to apply for the loans/loan forgiveness made under the PPP." Read more here.


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