by Blog Boss
6. September 2009 19:19
With all the talk about big corporation and bank bailouts i.e. Citicorp,Bank of America,GM and AIG and the probability of a return on such investments, the small business owner seems lost is the shuffle, but there is a bright spot - ARC.
ARC - America's Recovery Capital are interest free loans of up to $35,000 are made available to small business owners who are struggling to meet creditor payments. The long and short of it is that 6 months of payments are made to creditors by the loan originating institute which is followed by a 12 month grace period before the small business owner is required to begin repayment of the original face value of the loan. In effect, this type of loan alleviates the worry of paying creditors while the small business owner can focus on building sales and keeping employees working and on the job while delivering on current client needs and scouting out new clients in the process.
ARC loans are government sponsored via the SBA which comes with some guidelines - the hardest of which seems to be properly identifying business related expenses. Sounds like a bookkeeping matter. Come on fix the bookkeeping issues with Microsoft Office Accounting or Quickbooks. Anyway, if you are a small business owner struggling to stay afloat, an ARC loan of up to $35,000 may be what you need to keep your business going during the pinch. Are you there yet? Don't walk - run! 
