INDEPENDENT RETAILER magazine is now the official news outlet for Wholesale Central visitors.
Each monthly issue is packed with new product ideas, supplier profiles, retailing news, and
business strategies to help you succeed.
See new articles daily online at IndependentRetailer.com.
Aug 1, 2009
The website discusses the program in full detail, giving potential applicants a better understanding of whether or not they should apply. Essentially a compilation of information from the Small Business Administration and other trustworthy sources, the website offers visitors a list of relevant resources, as well as an easy to understand explanation of who exactly qualifies for these loans. Readers will also be able to learn about the potential risks and disadvantages of obtaining an ARC loan. These loans represent one of the initiatives that have resulted from the American Recovery and Reinvestment Act, a bill signed by the president in February 2009 that was designed to rescue the American economy.
The program provides up to $35,000 per borrower to help small business owners who are experiencing financial hardships. There are, however, just 10,000 loans available, which amounts to only 200 per state. The loans are also only available to companies that have been profitable for at least one of the past two years. They are not available for new companies and start ups. For more information: visit: www.ARC-Loans.com.
Topic: Wholesale News
Related Articles: small businesses
Entire contents ©2021, Sumner Communications, Inc. (203) 748-2050. All rights reserved. No part of this service may be reproduced in any form without the express written permission of Sumner Communications, Inc. except that an individual may download and/or forward articles via e-mail to a reasonable number of recipients for personal, non-commercial purposes.