Paycheck Protection Program
The Paycheck Protection Program (PPP) has been extended. The new deadline to apply is August 8, 2020. The PPP application process has been improved and there is better information available now about eligibility.
Take a second look at the Paycheck Protection Program: you might be eligible! Most small businesses, including farms and ag businesses, DO meet eligibility requirements.
Two common agricultural scenarios that ARE ELIGIBLE for PPP:
A sole proprietor without employees shows positive net income on either an IRS Schedule F or Schedule C from 2019.
A farm or agricultural business with paid seasonal, part-time or full-time employee(s). Often a 2019 IRS Form 943 is used to establish payroll costs.
Presenters from University of Minnesota Extension Ag Business Management, Farmers’ Legal Action Group, and Sustainable Farming Association will walk you through the forms and steps to apply for PPP. Farmers who have applied or who are eligible to apply will be part of a panel discussion about what eligibility looks like and how PPP funds will help them.
This webinar is sponsored by Minnesota Farmers’ Market Association, Minnesota Institute for Sustainable Agriculture, Sustainable Farming Association, University of Minnesota Extension, and Minnesota NCR-SARE.
Contact: Jane Jewett, email@example.com
For more detailed information on PPP eligibility visit “Who Can Apply” at SBA.gov/PPP.
Register here: https://z.umn.edu/PPPwebinar
|Event Date||7/27/2020 1:00 pm ET|