RiceBran Technologies Secures $1.8 Million Loan Under CARES Act Paycheck Protection Program Provision
RICEBRAN TECHS (RIBT)
Last ricebran techs earnings: 8/10 04:00 pm
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US:NASDAQ Investor Relations:
ricebrantech.com/investor-relations
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Source: PR Newswire
THE WOODLANDS, Texas, April 16, 2020 /PRNewswire/ -- RiceBran Technologies (RIBT) (also the "Company" or "RBT"), a global leader in the production and marketing of value-added products derived from rice bran and a producer of rice, rice co-products, and barley and oat products, announced today it received a $1.8 million loan through Spirit of Texas Bank under the United States Small Business Administration's (SBA) Payroll Protection Program (PPP) contained within the new Coronavirus Aid, Relief, and Economic Security (CARES) Act.The two-year, SBA administered PPP loan has an interest rate of 0.98% per annum, with initial principal and interest payments deferred for six months. PPP loan proceeds will primarily be used for payroll costs and to retain workers, and, if used for payroll and certain other permitted expenses, the principal and unpaid interest may be forgiven."RiceBran is thankful the CARES Act is supporting small U.S. businesses and their employees during this unprecedented
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News
- RiceBran Technologies (NASDAQ: RIBT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- RiceBran Technologies (NASDAQ: RIBT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- RiceBran Technologies (NASDAQ: RIBT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- RiceBran Technologies (NASDAQ: RIBT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- RiceBran Technologies (NASDAQ: RIBT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
RIBT
Sec Filings
- 11/19/24 - Form 8-K
- 11/6/24 - Form 8-K
- 10/15/24 - Form 8-K
- RIBT's page on the SEC website