$35,000 no-interest, fee loans backed by the Small Business Administration

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 loans backed by the Small Business Administration, starting in early summer 2009.

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 www.sba.gov/recovery/arcloanprogram/index.html.... You can also learn more by contacting your local SBA office. To locate the nearest location, see: www.sba.gov/localresources/index.html.

For anyone wanting a piece of the stimulus package, the name of the game is being first in line, and that means knowing when and where the money is being appropriated.” For even more up to date news, analysis and expert advice on landing government loans and contracts visit: www.leskobooks.com for the Government Money Club featuring live assistance for members, direct links to programs and contacts for finding grants, favorable loans and free business services. Plus finding money to live on while building a business; and selling services or products to local governments are also among the many areas covered at the site and available to members.

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