The stimulus plan created for small businesses is known as the America’s Recovery Capital — or ARC — loan program. With $255 million of funds, it is geared to help businesses who have an existing loan with their loan payments. Here's what you need to know about ARCs:
1. The business seeking an ARC loan must have outstanding business debt.
The ARC loan program was designed to help “viable" small businesses who are suffering “immediate financial hardship," as defined. In order to be considered v…
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Posted on January 24, 2010 at 5:09pm —
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Talk soon. Sandy
Rick