The Small Business Administration (SBA) announced an enhanced loan program for small businesses across America’s food supply chain for increasing supply resilience in the market and reducing grocery costs for consumers, according to a March 27 statement.
Starting on May 1, the businesses will be eligible for a “grocery guarantee” loan program that builds upon the existing SBA International Trade Loan Program. The loan comes with a 90 percent federal guarantee and is available to a wide range of producers in the agriculture and logistics industries, which include farmers, fishermen, wholesalers, truckers, and others.
