Journalists Wandering Eyes Posted May 5, 2020 Journalists Share Posted May 5, 2020 The Small Business Administration (SBA) has reopened the application process for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program after a short delay. Farms with fewer than 500 employees whose primary activity is breeding horses may now apply for these loans offered to businesses that have suffered economic hardship as a result of the coronavirus pandemic. “This is welcome news and a terrific opportunity for horse farms that are currently facing a number of daunting challenges,” said NTRA President and CEO Alex Waldrop. “The NTRA encourages quick action by those interested, as the loans are processed on a first-come, first-served basis.” NTRA partner Dean Dorton, one of the nation’s leading experts on equine tax matters, posted an update to the COVID-19 microsite on NTRA.com that outlines the new provisions that will positively impact horse breeding farms. That PowerPoint can be found here. The post Economic Injury Disaster Loan Application Process Resumes for Breeding Farms appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article Quote Link to comment Share on other sites More sharing options...
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