In addition to the Paycheck Protection Program (PPP), many NAGA members have wondered if gamebird businesses are also eligible to apply for Economic Injury Disaster Loans (EIDL) through the Small Business Administration (SBA). Here’s where things currently stand:

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), passed by Congress on March 27th, governs both the PPP and the EIDL.

NAGA strongly encourages members who are facing financial hardships due to COVID-19 to consider applying for both programs.  The law permits you to receive both. There are differences, though, that need to be understood.

PPP Loans are at 1%, and in a lot of cases will be forgivable provided businesses comply with the spending criteria for the money.

EID Loans are most likely to be at 3-4% interest. They allow more flexibility for how funds are spent than PPP, but the loan is not forgivable. You may qualify for a $10,000 emergency grant through this program, but you should understand that the grant will be subtracted from any forgiveness you receive through a PPP Loan.

Hunting Preserves in hardship should consider applying for EID Loans right away. Money for these programs is limited, and Congress will have to authorize additional money, which is not a sure thing. Banks where you apply should be informed that hunting preserves are not agricultural enterprises. They are recreational businesses, and as such are eligible to apply.

NAGA has joined forces with several key members of Congress to persuade the SBA that gamebird producers are also eligible under the CARES Act to apply for an EID Loan.  You can find the letter from NAGA here. In normal times, agricultural enterprises are not eligible for EIDL.  However, the CARES Act temporarily expanded the eligibility for the program.