May 7, 2020
Dear friends,
At CFNE, we’re fortunate that working with co-ops gives us an amazing cross-section of experiences in this new reality. Some of you are struggling with decisions about unemployment in the face of mandated shut-downs. Others are in essential industries trying to keep your members safe. You span the food system from seed to compost, from fishery to grocery. We are so honored to work with each and every one of you, and to see your creativity and resilience.
Federal Relief Updates
As of Wednesday, there were about 90 billion dollars left in the PPP forgivable loan program. If you need help deciding whether the program is right for your co-op, feel free to get in touch. If you have already applied, we recommend taking a look at
We Received Our PPP Funding, Now What?
, a recorded webinar and slide deck from Wegner CPAs.
While there are still a lot of questions about loan forgiveness, we will be keeping our
resource page
updated as we learn more.
Also, the
Economic Injury Disaster Loan (EIDL)
program, which had been on pause, has been reopened for
n
ew applications from agricultural businesses
only
.
In addition, any applicants who did not apply in the new portal with an application number starting with a "2" are being asked to reapply NOW in the new portal in order to update their application and to obtain an application number that starts with a “3”. According to the SBA, this will not impact an applicant's place in line.
Recursos en espa
ñ
ol / Resources in Spanish
