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Most Co-ops Eligible for Paycheck Protection Program

The U.S. Small Business Administration published an interim rule making clear that many cooperatives are eligible for the Paycheck Protection Program established under the CARES Act, the historic $2 trillion stimulus bill
You can find an eligible lending institution near you by visiting: https://www.sba.gov/paycheckprotection/find.

If your co-op is ineligible for a PPP loan, you can still qualify for an Economic Injury Disaster Loan, for which all cooperatives are eligible. 

More information about PPP is available on NCBA CLUSA’s COVID-19 resource page

 

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