The following Covid-19 Business Disruption Resources are posted below: State of Vermont Emergency Assistance, Federal Emergency Loan Programs, USDA Direct Payment Programs, VT Unemployment, VT Grants and Business Assistance.
Vermont Covid-19 Agriculture Assistance
The Vermont Agency of Agriculture, Food and Markets is overseeing several programs that provide funding assistance to farms, food processors, forest businesses and fairs. See program details and application information at the VT Covid-19 Agriculture Assistance webpage.
Are you looking for assistance with your application? UVM Extension Farm Viability and Forest Business Programs offer assistance to business owners. Contact Betsy.Miller@uvm.edu (Farm Viability) or Christopher.Lindgren@uvm.edu (Forest Business) today.
- Center for Agricultural Economies (Hardwick, VT): CAE announced micro-grants for marketing! The program is focused on farms that process value-added products. The Microgrants Program for Market Development & Sales Innovation is up and running. CAE currently has funding for approximately 20 grants but anticipate more funding to extend this. Grants are for a maximum of $500 ($1000 if multiple farm businesses are benefiting). Grant Application form HERE
Federal Emergency Loan Programs
SBA Paycheck Protection Program (PPP) webpage: Contact your local bank or lender for information on how to submit an application. Farms, Forest and Maple businesses are eligible for PPP. PPP is a forgivable loan if funds are spend according to the program criteria.
Economic Injury Disaster Loans (EIDL) webpage: [“Farms” will be eligible for the EIDL program in the second relief package. We expect the SBA online application eligibility section to reflect that chance once the program re-opens]. A borrower applying for EIDL can request an advance on the loan of up to $10,000 from the Small Business Administration (SBA). Applications are made online with the SBA directly. EIDL “advance” amounts are based on $1,000 per employee, thus a business with 10 or more employees can apply for the $10k max. The actual EIDL Loan can be for up to $2M and has an interest rate of 3.75%
USDA Direct Payment Programs
The USDA Farm Service Agency (FSA) is administering the Coronavirus Food Assistance Program (CFAP). Farm owners can apply for direct payment assistance through your local USDA FSA office.
- Pandemic Unemployment Assistance (PUA). The Vermont Department of Labor is now set-up to accept unemployment claims for “self employed” business owners under PUA. PUA website for Self Employed and online application page
- You Tube instructional video for VT PUA application preparation
- UVM Ext Ag Business Educators are available for consultation related to business interruption. See our statewide educator contact list here. Farm and forest product business owners interested in more in depth business coaching and business plan development can contact our Farm Viability or Forest Business programs for more information. Visit the Farm Viability (Betsy.Miller@uvm..edu) or Forest Business (Christopher.Lindgren@uvm.edu) pages for contact information.
- UVM New Farmer Program: Resources, tools and course calendars for beginning farmers.
- Vermont Farm Viability Program Quick Coaching: VHCB is pairing requests with the best adviser from the statewide business planning network. Complete the Intake Form with VHCB.
- Land For Good: Farmers and farmland owners in New England who are impacted by COVID-19 can receive FREE, in-depth technical assistance to access farmland, draft leases and other tenure agreements, improve landowner relations, or plan for their farm succession or transfer. Submit their online Inquiry Form or call 603-357-1600