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Small Business Loans

SBA 504 Loan Now Allows Refinancing

Raymund Flandez of the Wall Street Journal continues to keep us informed on program changes in SBA financing. The SBA 504 program has recently been changed to allow for refinancing. SBA 504 is a popular fixed asset financing program that is guaranteed and requires a smaller cash injecture from the borrower than normal. Contact the […]

ARC Loans: Not Everyone Will Get One..

Mark Deo writes in this Reuters piece (with a nod to Entrepreneur.com) about the hesitancy of banks to play in the SBA’s ARC loan arena. We have a number of ARC loans going in for approval and if our clients do indeed receive funding to pay down debt, it may well be the difference between […]

The SBA plans to release a partial lender list of ARC loan participants by Monday

Known participating banks in the SBA ARC loan program as of June 20th: Wachovia Wells Fargo & Co. J.P. Morgan Chase & Co. PNC Financial Services Group Inc. Banco Popular North America Regions Bank Suntrust BB&T Here is a Wall Street Journal article written by Raymund Flandez that adresses the current Arc lending situation. SBA […]

SBA Small Business Loans :ARC Loan Update

The SBA’s ARC Loan program started June 15th. As of today it is known that Wachovia Bank, Regions Bank, and BB&T are participating. It is thought that Suntrust and Banco Popular may also be a participating bank but this is not confirmed. Contact the bank directly to get a loan application. Contact your own bank […]

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 […]

Bagels and Bankers. Huge Small Business Turnout for Loans!

What a success! 73 small businesses and seven banks talking about loans. Just when we need them most! Special thanks to Fred Crispin at Borrego Springs Bank for sponsoring this event at the Beaver Street Enterprise Center. SBA loans were the topic of the day and the UNF SBDC’s own Paul Arrington served as facilitator. […]

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