No Interest, Fee-Free Small Business Loans From SBA

Struggling small businesses with a good track record prior to the current fiscal crisis can keep their doors open with special $35,000 no-interest, fee-free loans backed by the Small Business Administration, starting June 15.

The America’s Recovery Capital (ARC) loans, made possible under the American Recovery and Reinvestment Act, are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing qualifying debt.

“These government-backed loans couldn’t come at a more critical time for many small companies,” said Information USA-founder and government watchdog Matthew Lesko. “There’s going to be a rush to get one, so it is imperative for small business owners to know the best way to get to the head of the line.”

To learn more about the eligibility requirements and the process involved in getting this assistance, see: http://www.sba.gov/idc/groups/public/documents/sba_homepage/news_release_09-30.pdf and http://www.sba.gov/recovery/arcloanprogram/index.html. You can also learn more by contacting your local SBA office. To locate the nearest location, see: http://www.sba.gov/localresources/index.html.

Contact information, including direct phone numbers, is available on the My American Benefits website: www.myamericanbenefits.com.

Media contact: ABNewsAlert@aol.com Deb Samson 800-261-6147