USDA Announces Webinar for the Rural Development Business and Industry (B&I) CARES Act Program | Oklahoma Department of Commerce
modern combine harvester working on a wheat crop

USDA Announces Webinar for the Rural Development Business and Industry (B&I) CARES Act Program

The U.S. Department of Agriculture (USDA) has announced an upcoming webinar to help potential program applicants understand the program and how to apply.

Date: Wednesday, June 3, 2020

Webinar Topics: Program Compliance & Documents, Application Requirements, Program Resources, Application Process Examples, Guidance on How to Apply.

Who Should Attend:
Rural lenders, stakeholders and the general public

How to Register: To register visit
globalmeetwebinar.webcasts.com/starthere.jsp?ei=1324161&tp_key=6067315417

About the USDA Business & Industry (B&I) CARES Act Program

The U.S. Department of Agriculture (USDA) 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.

B&I CARES Act Program loans must be used as working capital to prevent, prepare for or respond to the effects of the coronavirus pandemic. The loans may be used only to support rural businesses, including agricultural producers, that were in operation on Feb. 15, 2020.

The Department begins accepting applications on May 22, 2020. Applications must be received no later than midnight Eastern Daylight Time on June 22, 2020, or until funds are expended. Program funding expires Sept. 30, 2021.

Eligible applicants may contact their local USDA Rural Development State Office in the state where the project is located.

Eligible Program Applicants: Federal or State-Chartered Banks, Savings and Loans, Farm Credit Banks, Credit Unions

Tagged with:

More Articles

Subscribe Today
Recent Tweets
Find us on Facebook
Search
Questions?
Follow Us

Questions? Contact us today.

Thank you for visiting the Oklahoma Department of Commerce.

The news from Oklahoma Now (now.okcommerce.gov) can now be found on the new and improved okcommerce.gov.

Read our latest business news here.