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SBA offers interest-free loans to struggling businesses
May 21, 2009 /
Help is on the way for small business owners struggling to make debt payments.
Starting June 15, the U.S. Small Business Administration will start guaranteeing America’s Recovery Capital (ARC) loans.
These are deferred-payment loans of up to $35,000 that will be made available to established, viable, for-profit small businesses in need of short-term help to make their principal and interest payments on existing debt. The loans are interest free and 100 percent backed by the SBA.
Full Story: http://atlanta.bizjournals.com/atlanta/stories/2009/05/18/daily7.html
(Many thanks to http://www.nasvf.org for passing this along. Russ)
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