The program was announced last month and was given the name of ARC for American Recovery Capital loans. You can apply for this short term loan up to $35,000 to established small businesses with cash-flow problems.
Borrowers will have five years to repay, and the SBA will pick up the interest payments. Question you will be asked when applying for ARC can be found here and you can see if you’reeligibility. Contact your lender and they can help you determine if you’re a candidate for the ARC Loan.
