REAP Notes

 

Center offers Express Loans up to $10,000, Small Business Administration payment relief

You can count on our relentless commitment to you and your business during this unpredictable time.

I want to let you know about our Express Loans. Qualifying loans may be eligible for up to six months of payment assistance from the Small Business Administration under the Small Business Debt Relief Program of the CARES Act. These Express Loans are available to new and returning borrowers.

You can start an application at: cfra.org/onlineapplication

Groups call on Congress to treat rural, urban businesses equally

As lawmakers consider legislation to address the economic fallout of the coronavirus pandemic, a group of 65 small business lenders, including the Center for Rural Affairs, across 32 states are calling on Congress to treat rural and urban businesses equally when it comes to providing relief. 

In a letter to Congress, the group is requesting that any new legislation to address the coronavirus pandemic include six months of principal, interest, and fee payment relief for Rural Microentrepreneur Assistance Program borrowers, similar to that already granted to businesses who borrow through Small Business Administration.