Finally, SBA’s ARC To Bail Out Small Business This Week

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 […]

Where Small Businesses Can Find Loans

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 […]