SBA Paycheck Protection Program

The Coronavirus Aid Relief & Economic Security (CARES) Act offers federal guaranteed loans to businesses with fewer than 500 employees to cover payroll and other essential costs. We’re here to help you navigate through the complexities.

Small Business Paycheck Protection Program (SBA PPP)

To be eligible, you must have a lending relationship with Farm Credit Southern Colorado as of February 15, 2020. Let us help straighten out all the confusions with the Colorado SBA PPP when it comes to ag loans:

Fully Forgiven

Funds are provided in the form of loans and are eligible to be fully forgiven* when used for payroll costs (at least 75%), interest on mortgages, rent and utilities.

Keep or Rehire Employees

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or salaries or wages decrease.

Limited Availability

As of January 11th, 2021, you can now apply for round two of the Paycheck Protection Program (PPP). Independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.

The Paycheck Protection Program ended on May 31, 2021.

Existing borrowers may be eligible for PPP loan forgiveness.

More information about PPP Loans

As a service to our customer-owners, FCSC has partnered with World Trade Finance, LLC, an industry leader and specialist in SBA Lending and loan products. Click here for a link to World Trade Finance, LLC’s primary website, where you can learn more about the company and the services it provides.

We partnered with World Trade Finance, LLC to ensure prompt attention and careful, expert administration of our customer-owners’ PPP applications and the servicing of their PPP loans.

As always, we will be available to help in any way we can with respect to your interaction with World Trade Finance, LLC. However, World Trade Finance, LLC is not a Farm Credit of Southern Colorado affiliate or subsidiary. While we have full confidence World Trade Finance, LLC will deliver superb service to our customer-owners, Farm Credit of Southern Colorado has no authority or ability to influence World Trade Finance, LLC’s processing of your application, or the decisions it makes in servicing your loan. If you obtain access to a PPP loan through World Trade Finance, LLC, World Trade Finance, LLC will have sole discretion and authority with respect to the terms, conditions, and servicing of your PPP loan.

The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. For more information visit www.sba.gov or www.coronavirus.gov.

Extended FAQ’s can be found here.

* For a loan to be fully forgiven, specific requirements must be met. All financing is subject to credit approval and determination of SBA eligibility.

We’re here to help.

We’re proud to be your partner in agriculture throughout Southern Colorado. Visit our Educational Resource Center for more resources to help you manage and grow your Southern Colorado ag business.

Your partner in agriculture throughout Southern Colorado

Learn more about your AG Financing Team here at Farm Credit of Southern Colorado.

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