America’s Recovery Capital (ARC) Loans
 

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.

This new program which appears to be available to farmers as they are small businesses and fit these guidelines.  Highlights of the program include the following:

·        100% Guarantee

·        Interest free to the Farmer

·        No SBA Fees

·        Deferred Payments

·        Used to pay P & I on small business debt including mortgages, term and LOC's, capital leases, credit card obligation, notes to vendors, suppliers and utilities

·        Repayment starts 12 months after final disbursement

·        5 years to repay

·        $35,000

If you would like to speak directly to a customer service representative about the ARC Loan Program, please call our toll-free number (866-947-8081) Monday through Friday during the hours of 8am to 9pm (Eastern Time).

Source: Small Business Administration web site at http://www.sba.gov/.

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