Federal Loans to Aid SMBs

Susan Hall

The Small Business Administration will be handling a federal loan program to help companies weather the economic storm.

 

Called "America's Recovery Capital," ARC loans can provide up to $35,000 to companies struggling to make payments on existing loans, reports CNNMoney.com. They will be available beginning Monday, June 15.

 

The best candidates are companies that have been profitable, but are just now starting to miss payments, according to eWEEK.com.



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