This episode was very choppy today because of high internet traffic, but it is worth battling through.
I talked with Phil Gerbyshak, the Make it Great! Guy who always seems to be able to bring out the best in people. We discussed:
1. What is a […]
Finally, the SBA will begin accepting applications through existing 7A bank lenders this week for their long anticipated ARC Loan Program. They are 100% guaranteed by the SBA. The description of the program according to the SBA:
“ARC loans will be up to $35,000 and available to established, viable, for-profit small businesses suffering “immediate financial hardship” in […]
Banks are not giving out loans. So who is? Portfolio this month had a great summary of where to find money for small businesses:
1. 7(a) Program and the 504 Program: Obama announced that he has increased SBA guaranteed loans to 90%. This should ease the banks issues and get things rolling again.
2. ARC Microloan […]
Last week, the SBA announced a little known program, America’s Recovery Capital (ARC) that can give small business owners going through hard times and struggling to keep up with debt. The program, administered through banks, but guaranteed by the US government gives no interest and payments on the loans for up to a $35,000 loan for […]