
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.