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Arc Loans

SBA ARC Loans: Hints on Which Banks May Play

Jeff Ostrowski , a writer for the Palm Beach Post has some new information on possible bank participation in the SBA ARC Loan program. Bailout plan offers small businesses up to $35,000 After spending billions to bail out banks, taxpayers are poised to offer a much smaller amount for loans to struggling small businesses. Starting […]

SBA ARC Loans:More Details

Caleb Groos posted this concise update on SBA ARC Loans via his FindLaw blog: Despite the federal recovery efforts to increase lending to small businesses, the loans many small businesses have waited on are the Small Business Administration (SBA) emergency ARC loans designed to help struggling businesses temporarily bridge the financial gap. The SBA has […]

CNN: Emergency Small Business Loans

The CNN take on Arc Loans: Starting next week, struggling companies will be able to apply for up to $35,000 in debt-relief loans through a new stimulus program. By Emily Maltby, CNN NEW YORK (CNNMoney.com) — One week before its emergency loan program is slated to launch, the Small Business Administration issued guidelines for banks […]

Beware of Imitators- The Official SBA ARC Loan Website

There is a non government web site claiming on its Google advertisement to be “The Official SBA ARC Loan Website.” Wouldn’t you think the SBA’s website would be the official ARC Loan website? Well it IS. Be wary where you get your information.

ARC Loan Guidelines Released! Here is the Latest!

We just picked this up on the Reuters Blog as posted by Jon Cook. No word on participating banks yet. Stay tuned… NEW ARC LOAN GUIDELINES ANNOUNCED TODAY Today the U.S. Small Business Administration announced new lender guidelines for the America’s Recovery Capital (ARC) loan program it unveiled last month. According to the SBA release, […]

Small Business Administration ARC Loan Program Rules to be published June 8th

On June 8, the SBA will publish regulations for its new ARC loan program. On June 15, 2009, SBA will formally open the new temporary loan program. ARC loans of up to $35,000 can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small […]

SBA Announces New Loan Program Coming in June!

There is not a lot of detail in this release, but it looks encouraging. We are posting this verbatim as announced by the SBA. We are including eligibility critera as listed on the SBA web site at the end of this article. This loan is not for startups. The UNF SBDC will post more on […]

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