Small businesses will further benefit from Recovery Act assistance
Some small businesses have struggled in the current economy and have had to lay off employees or cut back spending in other areHowever, the Small Business Association (SBA) provides some good news for small businesses in the form of the recently unveiled America’s Recovery Capital (ARC) loan that will begin guaranteeing on June 15, 2009.
The ARC loan will provide up to $35,000 for qualifying struggling small businesses and is intended to help generate jobs and get the economy back on its feet.
Loans are interest-free and small business owners have the option of deferring their payments for up to 12 months, allowing companies to take advantage of the funds and rebuild.
"These ARC loans can provide the critical capital and support many small businesses need to make it through these tough economic times," stated Karen Mills, SBA administrator.as.
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