Funding for farmer’s cooperatives and small business concerns

(a) Definitions In this section: (1) Administrator The term Administrator means the Administrator of the Small Business Administration. (2) Eligible entity The term eligible entity means— (A) a farmers’ cooperative; and (B) a small business concern (within the meaning of section 3 of the Small Business Act (15 U.S.C. 632)). (b) Authority The Administrator may provide financial assistance, loan guarantees, technical assistance, and other assistance to eligible entities for the purpose of acquiring, operating, or expanding meatpacking plants or facilities divested pursuant to this Act. (c) Applications An eligible entity seeking assistance under subsection (b) shall submit to the Administrator an application at such time, in such manner, and containing such information as the Administrator may require. (d) Preference In evaluating applications submitted under subsection (c), the Administrator shall, to the extent consistent with sound underwriting and program integrity, give preference to eligible entities proposing to use such assistance for locally or regionally focused operations that will enhance competition for livestock and benefit producers and consumers. (e) Authorization of appropriations There are authorized to be appropriated to the Administrator such sums as are necessary to carry out this section.