The Small Business Administration is no longer accepting Paycheck Protection Program (PPP) Loan applications from most lenders, including American AgCredit. The current round of PPP funding had been set to expire on May 31, 2021.
Going forward, the SBA will only accept new applications from community financial institutions. The SBA will continue to fund approved PPP applications that are in progress from other lenders but will not accept any new applicants.
Please visit the Small Business Administration’s PPP web page for the latest information: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
Welcome to the American AgCredit PPP Loan application process.
This process will start with you answering a simple question that will determine whether you need a Draw One or a Draw Two PPP loan. By answering the question and clicking submit, you will be led to the appropriate page that will supply you with information and materials. This page is designed to help you complete your application and give you access to the application portal.
Following the instructions closely will be critical in simplifying the processes for you and helping us to process your application in a timely manner.
Please note: There has been a change in how schedule C filers calculate their loan amount. Under the updated requirements, applicants can either use gross income or net income to calculate the loan amount. Please contact your relationship manager if you have questions or need assistance.