Committed to Serving You Today and Tomorrow
While the weeks and months ahead hold many unknowns, GreenStone is committed to providing a clear path of service, support and financial programs to support our customers.
Industry Updates and Member Resources:
(Published 5/19/2020) Many questions remain regarding the SBA PPP loan forgiveness process. GreenStone remains committed to supporting those members who submitted their SBA PPP loan application through us, during this next phase of loan forgiveness. Use the information on this page to be as informed and proactive as possible.
(Published 5/20/2020) USDA announced it will provide up to $2.1 billion in direct payments to specialty crops producers. The payments will be based on losses where prices and market supply chains have been impacted from lost demand and short-term oversupply for the 2020 marketing year.
(Updated 4/27/2020) The federal legislature approved additional funding for the Small Business Administration (SBA) Paycheck Protection Program (PPP). SBA is accepting new applications and GreenStone is working with members to successfully submit applications through a new, direct path to expedite the submission.
(Published 4/24/2020) Our crash course into the SBA PPP process during the first wave of funding has us optimistic that our new, improved process will result in even more members getting the funding they need with the service experience they deserve.
(Updated 5/4/2020) In response to the Coronavirus (COVID-19) pandemic, small businesses - including agricultural businesses - are eligible to apply for an Economic Injury Disaster Loan (EIDL). SBA's EIDL portal reopened on May 4, 2020 to accept agricultural business applications. These loans are obtained directly from the SBA. Seek all the details and apply on SBA’s website.
(Published 4/8/2020) Take a look into the Dairy Revenue Protection program and GreenStone's DRP Analyzer Tool to help you mitigate risk in this tough time, and learn about NMPF and IDFA proposed milk crisis plan.
(Published 3/30/2020) To help you in your tax planning, we’ve outlined additional information related to the recently announced federal filing extension to July 15, 2020.
GreenStone Updates and Member Service Solutions:
(Published 3/26/2020) Crisis situations bring out the best and worst in people, and our current pandemic has produced a few coronavirus-related scams you should be aware of to keep yourself secure. Scammers may attempt to impersonate a bank or local organization to steal personal information or property from you. Use these tips to practice extra precaution while in this “stay home” situation.
(Published 3/25/2020) GreenStone is working individually with customers experiencing economic hardships. In partnership with the State of Michigan, GreenStone is helping facilitate the Agriculture Disaster Loan Origination Program that may fund up to $300,000,000 of low interest loans for farmers who suffered heavy crop losses last year.
All GreenStone members have the opportunity to take advantage of low interest rates through loan interest rate conversion option that does not require a full refinance process.
We are sensitive to each member’s individual situation and are working with members through today’s uncertainties resulting from the COVID-19 pandemic to develop individualized financial solutions, including short-term payment adjustments among others.
(Published 3/23/2020) Following Treasury Secretary Steven Mnuchin and President Trump's federal tax relief announcement, we are providing you specific information related to your tax, accounting, and payroll services with GreenStone. Our employees are working remotely from home and we have established procedures to ensure the delivery of your tax, accounting and payroll needs continues. Your tax accountant may contact you to take advantage of the announced federal tax extension, especially if you have taxes due, as it represents a 90 day relief from making tax payments.
(Published 3/20/2020) To protect the health of our customers and our employees, and in recognition of local and national recommendations, GreenStone is taking steps and using the full breadth of our technology and tools to safely serve your needs remotely. Starting Monday, March 23, 2020, GreenStone will be ‘open’ for business with our staff working remotely, but our office buildings will be temporarily closed.
(Published 3/18/2020) We recognize the scope of our responsibility to our customers – to support our rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. While the weeks and months ahead hold many unknowns, we are committed to providing a clear path of service and support to both our customers and employees.
(Published 3/13/2020) As we monitor the development of the coronavirus disease (COVID-19) and all new and ongoing health concerns, we continue to take precautions focused on the priorities of the health of our employees and customers, along with the continual ability to serve customers’ needs. We have steps in place to avoid potential disruptions to serving our customers should additional precautions be necessary.
-- Small Business Administration Paycheck Protection Program
-- Small Business Administration Economic Injury Disaster Loan
-- The USDA’s COVID-19 page aggregates information from across the department at usda.gov/coronavirus.
-- The Farm Service Agency has more specific information about its direct and guaranteed loan programs, and other farm and conservation programs, at farmers.gov/coronavirus.
-- USDA Rural Development is posting updates about its programs at rd.usda.gov/coronavirus.