Small Business Money Available - Need Some?

The Small Business Administration has announced a new loan program for established small businesses, with a good track record, that are having financial difficulties in this tough time. The funds are part of the Economic Recovery Act. The loan is an ARC (America's Recovery Capital) loan.

And here is the good part:

• The loan is 100% guaranteed by the SBA so the bank will be more willing to loan.


• There is no SBA fee involved.


• This is a no interest to the borrower loan.

To qualify you must be an established small business with a history of good performance, but currently suffering immediate hardship and financial difficulty because of the poor economy. For more details I suggest you contact your local SCORE representative. SCORE is an affiliate of the Small Business Administration and the chapter closest to you will have a volunteer Small Business Counselor who can provide more details, steer you to local banks who are participating in the program, and even help you with an application. There is no fee for this service. To contact SCORE go to www.score.org then click on "Find SCORE Locations Near You"

The SBA has announced they will be ready to accept loan packages from lenders by June 15th so if you fit the criteria, and need some money to help save your small business, act now!