$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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Home Grants Program up to10,000

this is a non-repayable grants/gifts program available to first-time homeowners to cover down payment and closing costs. Also provided are free Homebuyer Education Courses, free Balanced Budget Spending Plans, free Credit Counseling Services as well as Post Purchase and Homeownership Maintenance Counseling to any resident in North Carolina. Income is not a limiting factor; however, all applicants are required to take the two educational courses provided by Home Grants. In order for a grant recipient to use Home Grants' funds, they must be approved for an acceptable loan product that permits charitable organizations to provide gift funds. Contact: North Carolina Housing Assistance; (704) 385-3973

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$30,000 For Your Small Business

The Small Business Loan Fund (SBLF) provides eligible Asset Loans from $25,000 to a maximum of $150,000 and Working Capital Loans to a maximum of $30,000 if you want to start a business in Rhode Island. See the Rhode Island Economic Development Corporation

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