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
WHAT IS AMERICAN AGCREDIT’S ROLE IN THE PROGRAM?
Like all banks, our role in the PPP is to help you submit your application for the SBA’s debt forgiveness program. Our online application portal and the supporting materials have been developed to help guide you through the process. If you submitted an application through our portal or have any questions, please contact your lender.