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SBA Streamlines Loan Forgiveness Process

Thanks to Paul Zajicek at the National Aquaculture Association for sharing this important news: The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, created a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s…

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USDA Conference Call on CFAP 2 today at 4pm Eastern

Please join USDA’s Farm Production and Conservation Under Secretary Bill Northey and Farm Service Agency Associate Administrator Steve Peterson on Monday, September 21, 4:00 p.m. (Eastern) for a stakeholder call on the Coronavirus Food Assistance Program (CFAP 2). USDA is implementing a second sign up of the CFAP for agricultural providers who continue to face…

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How to Apply for CFAP 2 Relief

Applications for phase 2 of the Coronavirus Food Assistance Program (CFAP 2) are now being accepted through Dec. 11, 2020. Today (Monday, Sept. 21, 2020) USDA is hosting a conference call explaining the program at 4:00 pm Eastern. Details are in this blog post. You have several ways of applying: Online: If you are applying…

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Relief for Shellfish Farmers: CFAP 2

USDA announced today that it will provide an additional $14 billion for agricultural producers facing market disruptions and associated costs due to COVID-19. Unlike the first go-round of Coronavirus Food Assistance Program (CFAP) funding, this time shellfish farmers are eligible for relief. Signup for CFAP 2 will begin September 21 and run through December 11,…

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Paycheck Protection Program Loan Forgiveness FAQs

The Small Business Administration (SBA) has published guidance to address borrower and lender questions concerning forgiveness of Paycheck Protection Program (PPP) loans, as provided for under section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as amended by the Paycheck Protection Program Flexibility Act (Flexibility Act). Read the PPP forgiveness frequently…

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Storm Preparation Tips

A series of newly published fact sheets, “Tropical Storm and Hurricane Preparedness for Off-Bottom Oyster Aquaculture in the Gulf of Mexico” provide guidelines and suggested safety procedures to prepare for tropical storms and hurricanes. Florida Sea Grant, the Mississippi-Alabama Sea Grant Consortium and Louisiana Sea Grant created the series to help oyster farmers reduce damages…

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Paycheck Protection Program Flexibility Act

The SBA has made several changes to the Paycheck Protection Program (PPP) to give applicants greater flexibility and make the program more workable, including extending the time and clarifying some of the terms for loan forgiveness. We still have not been able to determine if seed purchases would qualify as non-payroll expenses that might be…

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CFAP and Fisheries Disaster Funding

The USDA’s Coronavirus Food Assistance Program (CFAP) was formally rolled out in the Federal Register last week. We have finally received guidance that shellfish aquaculture will NOT be eligible to be considered for these funds, despite language in the Federal Register suggesting that “saltwater aquaculture” would be eligible. Despite not being eligible for CFAP relief…

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Impacts of COVID-19 on U.S. Mollusk Businesses

Many of our members participated in a survey last month to evaluate the economic impacts of the COVID-19 pandemic on our industry. Thanks to the hard work of Jonathan van Senten and Carole Engle (who did this work without financial support!), the results are in, and it’s not pretty. The mollusk-related summaries for the 1st…

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