Small businesses continue to feel the effects of the coronavirus pandemic. While they are doing their best to keep the doors open, they are hurting. That is especially true in our rural towns.
Congress has acted to provide businesses with loans through the Small Business Administration six months of payment forgiveness. This is a lifeline for big city enterprises, but it doesn’t help rural entrepreneurs. That is because many rural businesses do not have access to an SBA lender and must borrow from a USDA Rural Development program instead.