Posted by: Molly on: May 19, 2009
The SBA recently announced that some small businesses suffering financially in the economic downturn may be eligible for a new loan program. The SBA will begin guaranteeing the America’s Recovery Capital (ARC) loans on June 15.
According to an SBA press release:
“ARC loans are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses [...]