Colorado Corn: Payment Protection Program Fund Replenished – Get your applications in ASAP!

Greeley, CO — April 27, 2020 – President Trump on Friday signed the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) into law, providing additional funding for small business loans, health care providers and COVID-19 testing. The House and Senate approved the legislation earlier this week.

The $484 billion measure will provides more money to Small Business programs including a $321 billion replenishment of the Paycheck Protection Program (PPP) and $60 billion more for Economic Injury Disaster Loan (EIDL).

The legislation makes farms eligible for SBA’s EIDL Program, clarifying that agricultural businesses with fewer than 500 employees are eligible and more information on that program can be found here. State Corn Grower’s Associations, including Colorado, urged Congressional Leaders to include agricultural businesses in this program.

Senate Small Business Committee Chair, Marco Rubio (R-FL), has indicated the Paycheck Protection Program should resume accepting applications on Monday.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act:

  • Includes self-employed and independent contractors.
  • Paycheck Production Program (PPP) provides 100% federally guaranteed loans.
  • Loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
  • Guidelines about the program are available here.

For more information about the SBA loans available for small businesses, please visit our website.

Colorado Corn is the name used to reference two organizations, Colorado Corn Administrative Committee and Colorado Corn Growers Association. While they share the same staff and office space in Greeley, they have distinctly different missions.
The Colorado Corn Administrative Committee (CCAC) oversees how Colorado’s corn check-off dollars (one penny per bushel of grain corn produced in Colorado) are invested in research, market development, outreach and other various endeavors.
The Colorado Corn Growers Association (CCGA) is comprised of dues-paying members who are politically active, focusing on policy that impacts corn producers and agriculture in general.
Learn more about the work of the two organizations at www.coloradocorn.com.

By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.