Rescue Plan
An emergency-assistance loan got this entrepreneur through her company's darkest hours.
Colleen Molter's IT staffing business, QED National, borrows money to smooth out cash flow during rapid growth and also during times of tragedy--like when the World Trade Center attacks put many of her best customers out of business.
QED needed serious help to continue operations and rebuild after 9/11. With a mix of apprehension and relief, Molter signed up for an emergency loan of $300,000 from the Federal Emergency Management Agency. FEMA offered an interest rate of just 4 percent for 15 years--and the money helped Molter keep all the staff of her New York City company onboard.
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