SBA’s ARC loan offers short-term financial relief
From the Small Business Association’s Website:
If your small business is stressed meeting expenses during these economic times, the U.S. Small Business Administration has a new loan program designed just for you. 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. ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first.
For information, visit www.sba.gov/recovery/arcloanprogram/index.html.
If you would like to speak directly to an SBA customer service representative about the ARC Loan Program, call 866-947-8081 Monday through Friday during the hours of 8am to 9pm (Eastern Time).
Or call the Iowa Small Business Development Center at Iowa Western Community College at 712-256-6552.
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