NASE Blogs

ARC Loans: Easier Said Than Done?

Aug 04, 2009
Posted by Molly Nelson -While the SBA's new America's Recovery Capital (ARC) Loan Program was supposed to be a lifeline for small businesses - offering loans of up to $35,000 for viable small businesses with immediate financial hardship to allow them to stay open while they get back on track - many lenders seem reluctant to participate in the program.

The New York Times' You're the Boss blog has been compiling anecdotal evidence from their comments showing that even reliable, long term banking clients are being turned down for these loans.

Share with us in the comments (and with You're the Boss!) your experience in applying for an ARC loan.

[Hat tip: Freep.com, You're the Boss, BizBox]

 

Earlier: SBA's ARC Loan Program Opens