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Agribusinesses may be eligible for pandemic relief loans

(KFYR)
Published: May. 18, 2020 at 3:57 PM CDT
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Agribusinesses struggling with the coronavirus pandemic can get economic assistance from state programs.

One of the programs is from the Bank of North Dakota called the COVID-19 PACE Recovery Program, or CPR.

Under CPR, a small business can apply for $5 million and a business with more than 500 employees can apply for $10 million.

That loan comes with a six month deferral and a 1% interest rate.

For more information, just ask your local lender or go to https://bnd.nd.gov/business/covid-19-pace-recovery-program/.

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