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USDA to guarantee $1 billion in loans for rural businesses, farmers hurt by pandemic
The U.S. Department of Agriculture said Thursday it would “provide up to $1 billion in loan guarantees to help rural businesses and farmers meet their working capital needs during the pandemic ... with money from the $2 trillion coronavirus relief package,” Chuck Abbott reports for Successful Farming. “The new program is patterned on USDA’s existing business and industry program but with a higher…