AgCountry SBA Lender Status: Unknown

AgCountry employees in a field
03 Apr 2020
Dear Customer, 
 
The development of the Small Business Administration (SBA) Paycheck Protection Program application process is in the final stages and we anticipate receiving our SBA Lender approval status soon. Upon approval, we will receive our SBA Lender ID and access to the SBA Application Portal and can start accepting your applications.
 
Because we do not have the official approval today, we need you to know that we support you in looking to an outside lender who does currently have access to the SBA Application Portal. The guidelines of the program state that it will be granted on a first-come, first-serve basis and have limited amount of funding available. Our main objective is to ensure you have the information you need to secure funds to support your operations given the economic impact of COVID-19.
 
When our SBA Lender status updates, we will let you know. Until then, please let us know how we can assist you and we thank you for your continued business and support of your cooperative!
 
Serving agriculture and rural America,
 
Your AgCountry Team
 
Update to CARES Act – SBA Paycheck Protection Program post from 02 Apr 2020: The Fixed Interest Rate was announced by the SBA at 1.0% for this program.
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