$750 million has been set aside for the SBA by the American Recovery Act (ARC) of 2009 - 2012
Are you ready to take advantage of the stimulus money ($750 million) that has been set aside for small businesses through the SBA by the American Recovery Act (ARC)?
The Small Business Administration (SBA) is an independent agency of the federal governemtn to aid, counsel, assist and protect the interests of small business. the SBA does not directly lend money to entrepreneurs. It guarantees loans made by lenders to entrepreneurs who would not normally qualify. The federal government allocated an additional $750 million to the SBA via the American Recovery Act(ARC) of 2009. Since SBA money is only spent when entrepreneurs default on loans the SBA hopes to entice lenders to make $16 billion in additional loans.
Obtaining an SBA loan is highly dependent on which lender you appoach for the loan and on your qualifications. Your chances for funding decrease with every rejected application, so let us review your situation first and make some recomendations