Accepting Paycheck Protection Program (PPP) applications pending future Congressional appropriation
Farm Credit Southeast Missouri was approved by the Small Business Administration to process Paycheck Protect Program (PPP) loan applications on Wednesday, April 15, 2020. Applications were processed until funding under the current PPP program was exhausted on the morning of Thursday, April 16, 2020. The Association is only continuing to accept applications to give our customers a better chance to obtain a PPP loan if and when Congress decides to appropriate additional funds. All applications submitted through our association are entirely subject to availability of future additional funds that the government may or may not decide to appropriate for the Program, and subject to underwriting approval by SBA for funding.