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Qualifying recipients of the America’s Recovery Capital (ARC) Loan Program may receive up to $35,000 in short-term relief. Each small business is limited to one ARC loan. [2] ARC loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months.
Small businesses hit hard by the coronavirus crisis can get swift relief from Small Business Administration programs created by the newly enacted Coronavirus Aid, Relief, and Economic Security Act.
SBA loans are backed by the Small Business Administration and administered through SBA-approved lenders. These loans are known to offer high funding amounts of up to $5.5 million, depending on the ...
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 ...
If the cons of a business debt consolidation loan outweigh the pros — or you can’t qualify for this type of business loan — you can look into alternative debt relief strategies. Business ...
The Small Business Jobs Act of 2010 is a federal law passed by the 111th United States Congress and signed into law by President Barack Obama on September 27, 2010. [1] The law authorizes the creation of the Small Business Lending Fund Program administered by the Treasury Department to make capital investments in eligible institutions, in order ...
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