2009 Recovery Act

Small business owners do any of these sound familiar to you?

Experiencing declining sales and revenues?

Having difficulty in making loan payments on existing loans?

Finding it harder to make payroll?

Purchasing supplies or inventory becoming harder?

Having trouble finding the money to pay rent or even operating expenses?

The American Recovery and Reinvestment Act permits small businesses to apply for loans to cover one or more qualifying small business loans for up to six months. These loans cover the principle and interest payments of any business debts like credit card obligations, mortgages, lines of credit, and balances due to suppliers, venders and utilities.

American Recovery and Reinvestment Act loans are interest free and payment begins 12 months after securing the loan. The loans are capped at $35,000 and there is only one loan per business.

The ARC loans with be available until September 30, 2010 or as long as funding is available whichever come first.

In order to see if your business qualities visit
http://www.sba.gov/recovery/agencyplans/index.html