Small Business Reading Room

Thursday, June 25, 2009

ARC loans through the SBA

There's no doubt. The economy is hurting many businesses- both big and small.

Here's a bit of good news.

Short-term relief may be in sight for small businesses that are struggling to survive. Starting this week, the Small Business Administration (SBA) started distributing deferred payment loans that range up to $35,000 to 10,000 businesses facing immediate financial hardship.

ARC loans provide an immediate infusion of capital to small businesses to assist with making payments of principal and interest on existing debt. The loans are designed to allow borrowers to redirect cash flow from making loan payments to investing in their businesses, to help sustain the business and retain jobs.

The interest-free loans will be offered for as long as funding is available or until September 30th of next year, whichever comes first, and do not carry any fees that need to be paid to the SBA.

If you think that your may be interested in the ARC loans, visit www.sba.gov/recovery/arcloanprogram

posted by Unknown at 3:07 PM - permalink 0 comments

Small Business Reading Room

ARC loans through the SBA

0 Comments: