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Podcast: Dairy Defined
Episode: Small-Business Loans Program a Balm for Farmers – But Act Fast, NMPF’s Larson Says
Description: Congress’s move to replenish two coronavirus-related assistance programs that are available to dairy businesses may help keep some dairies afloat – but application windows may close fast, said Claudia Larson, government relations director at the National Milk Producers Federation. Congress’s latest $484 billion coronavirus aid package replenishes two new small business loan programs that were overwhelmed by demand when first offered – the Paycheck Protection Program, which allows qualified banks to offer low-interest loans that can later be forgiven, and Economic Injury Disaster Loans, a parallel program operated by the Small Business Administration.Â