SBA Arc Loan – Just Around The Corner

Rebecca P. Watkins – The Fork & Spoon

(June 3, 2009)

America’s Recovery Capital Loan Progam or “Arc” for short, will be available sometime in the month of June, 2009 and is designed to provide short-term relief to small businesses facing tough, financial hardships. Limited to just one Arc loan per business, the maximum amount of $35,000 is intended to provide debt relief for a viable business that might be suffering from one of the following issues: declining sales in revenue, difficulty in making loan payments on existing debt, difficulty in paying employees, difficulty in purchasing materials, supplies & inventory, and paying rent or other operational expenses.  

Borrowers whose loans are already severely delinquent or whose past performance or future cash flow indicates that the business is not viable are not good candidates for an ARC loan. More information regarding the SBA Small Business ARC Loan will be made available as details unfold.