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Opening a Fundible business line of credit could be the right option if you want to pay off debts up to $500,000 with access to credit for the future.
ARC loans are intended to provide immediate capital to small businesses to make payments (principal and interest) on existing debt and thus allow business owners to sustain and retain jobs. ARC loans are interest-free to the borrower and carry a 100% guarantee from the SBA. Loan proceeds are provided over a six-month period.
The U.S. Small Business Administration (SBA) offers low-interest loans for small businesses in financial need. There are several types of SBA small business loans , including SBA 7(a) loans and ...
Type of SBA loan. Description. 7(a) loan. Most popular SBA loan, used for general purposes, including working capital, equipment and real estate. 504 loan
Types of small business loans. How you plan to use your business loan impacts the type of small business loan you choose. For some business owners, the funds may be used to cover day-to-day ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
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