Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Arkansas Lawmakers Ask Small Business Administration to Maintain Vital Program for Family Poultry Farms

Written by Press Release

November 20, 2018

WASHINGTON – U.S. Senators John Boozman and Tom Cotton along with U.S. Representatives Rick Crawford, French Hill, Steve Womack and Bruce Westerman pressed the U.S. Small Business Administration (SBA) to reverse a proposed rule that would harm Arkansas poultry farmers’ ability to access vital funding for their operations.

The delegation sent a letter to SBA Administrator Linda McMahon urging the agency to revise the proposed rule, which if implemented would impose unworkable eligibility requirements on poultry farmers who rely on SBA’s 7(a) loan program. The 7(a) program provides loan guarantees to assist small businesses in obtaining credit.

“Poultry is the largest segment of Arkansas’s agricultural industry, creating and supporting over 150,000 jobs including thousands of family farms. Access to capital is one of the most significant barriers to entry for farming, which is why Congress specifically included agriculture in the SBA’s mandate. This proposed rule would jeopardize the livelihood of thousands of small family farms and small businesses across Arkansas,” the lawmakers wrote.

To view the full text of the letter sent to the Small Business Administrator, click here.

Original article source: https://www.boozman.senate.gov/public/index.cfm/2018/11/arkansas-lawmakers-ask-small-business-administration-to-maintain-vital-program-for-family-poultry-farms | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 vote
Article Rating

Related Articles

Fighting Hunger During a Pandemic Now Even More of a Team Effort

The pandemic has shown once again the resiliency, generosity and creativity of Arkansans. Despite coronavirus-imposed physical separation, we know we are stronger together. This has been clearly revealed in the amazing Read more

Boozman Joins Cotton to Introduce Iran Sanctions Resolution

WASHINGTON — U.S. Senators John Boozman (R-AR), Tom Cotton (R-AR) and 44 other members of Congress introduced a resolution to oppose lifting sanctions on Iran. The members released the following statement after introduction:“The United Read more

Members of Arkansas Delegation Announce DOT Awards

WASHINGTON—U.S. Senators John Boozman and Tom Cotton—along with Congressmen Rick Crawford and Steve Womack—announced the U.S. Department of Transportation (DOT) has awarded over $4.5 million in federal grants to airports Read more

Boozman, Tester Spearhead Bipartisan Legislation Reinstating Vets Representation in Disability Claims Process

WASHINGTON — U.S. Senator John Boozman (R-AR) and Senate Veterans’ Affairs Committee Chairman Jon Tester (D-MT) introduced bipartisan legislation to reinstate a critical rule allowing veterans and their representatives 48 hours to review and dispute Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest