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Good candidates for ARC loans are small businesses that can show a profitable past but are currently struggling to make loan payments or are just beginning to miss loan payments due to financial hardship. ARC loans are made by participating commercial SBA lenders. The SBA will pay these banks a monthly interest rate throughout the term of the ...
Marketplace lending company Lending Club works with Opportunity Fund to make loans to small businesses that otherwise would have had their applications rejected. The two organizations aim to provide $10 million in loans to small businesses in underserved areas of 13 states, helping an estimated 400 businesses create more than 1,000 jobs. [4]
The agencies then supply the assistance to beneficiaries (known as recipients, see below), such as States, hospitals, non profit organizations, academic institutions, museums, first responders, poverty-stricken families, etc., through hundreds of individual programs. These programs are defined by the federal government as: "any function of a ...
Some private nonprofit organizations in Steuben, Allegany, Broome and several other upstate counties are now eligible to apply for U.S. Small Business Administration low-interest disaster loans ...
The nonprofit Jewish Free Loan Association is providing interest-free loans to small businesses in Los Angeles and Ventura counties to help them survive the coronavirus pandemic.
But hardship loans can bail you out without hurting your credit score, even if your credit history isn’t great. Getting Hardship Loans With Bad Credit: Quick Take Many companies offer loans to ...
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