The Golden Gate Business Association

If your small business is stressed meeting expenses during these tough economic times, the U.S. Small Business Administration has a new loan program that may help.

SBA’s America’s Recovery Capital Loan Program can provide up to $35,000 in short term relief for viable small businesses facing immediate financial hardship to help ride out the current uncertain economic times and return to profitability.

ARC loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months. ARC loans provide an immediate infusion of capital to small businesses to assist with making payments of principal and interest on existing debt.

These interest-free loans are guaranteed by SBA and require no fees paid to SBA. Loans are provided for a six-month period and repayment of ARC loan principal is deferred for 12 months after the last disbursement and repayment can last up to 5 years.

For more information about this program, contact the San Francisco Small Business Development Center at (415) 841-4050 or check out their events page for upcoming informational sessions.

All of the San Francisco SBAs 400+ training classes and seminars are free to GGBA members.

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