Apr
Maple Syrup Producers are Eligible for SBA Economic Injury Disaster Loans (EIDL)
Maple syrup producers are eligible for SBA Economic Injury Disaster Loans (EIDL).
This program features a $10,000 immediate loan advance that does not require repayment.
Maple syrup producers that package, wholesale and/or retail their product are qualified for this EIDL program and should not identify themselves as “agriculture” if applying (“Agriculture” is not eligible for EIDL). Maple syrup can move ahead as a production business in the application. This makes them eligible for EIDL loans.
Maple enterprises producing sap-only (and other “farming” operations) are not eligible for EIDL loans.
All farms and maple businesses can apply for the SBA Paycheck Protection Program (PPP).
*Information provided by Mark Cannella, Extension Associate Professor, University of Vermont: UVM Extension Agricultural Business Website