SBA ARC Loan Program
If you are having trouble with expenses during these economic times, the SBA has a new loan program that could help.
SBA’s America’s Recovery Capital Loan Program can provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship to help ride out the current, uncertain economic times and return to profitability.
Each small business is limited to one ARC loan. You will need to contact your bank to see if they are participating in the program.
ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first.
Here is a link to the SBA website.
http://www.sba.gov/recovery/arcloanprogram/index.html
