[20211007]IN11357_新冠肺炎相关农业企业贷款援助.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i COVID-19-Related Loan Assistance for Agricultural Enterprises Updated October 7, 2021 The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) created the Small Business Administrations (SBAs) Paycheck Protection Program (PPP), expanded eligibility for Emergency Economic Injury Disaster Loans (EIDLs), and established Emergency EIDL grants to provide short-term, economic relief to certain small businesses and nonprofits. The CARES Act also made certain agricultural enterprises eligible for SBA COVID-19 relief. When the SBA stopped accepting PPP loan applications on May 31, 2021, it had approved more than 11.8 million PPP loans, totaling nearly $800 billion. PPP Loan Terms and Eligibility PPP loans feature a two- or five-year term at 1% interest; a waiver of the SBAs up-front loan guarantee and annual servicing fees; relaxed underwriting requirements; deferred payments for six months (interest does accrue); and loan forgiveness of up to 100% of the loans principal amount under specified conditions related to the borrowers retention of employees and wages and the use of the funds for