Subscribe for 50% off
Subscribe

A Small Business Bailout--Maybe

ARC loans are only available to businesses that meet very strict criteria.

By
This story appears in the December 2009 issue of Entrepreneur. Subscribe »

For small- owners who have run into financial trouble, a new loan program offers relief. But the America's Recovery Capital (ARC) loan will only help businesses that meet certain strict criteria.

ARC was funded with $225 million to provide five-year, zero-interest loans of up to $35,000 per qualified business. To qualify, businesses must demonstrate that sales are down, expenses are up or they are having trouble paying current loans or suppliers. Owners also must provide two years of cash-flow projections and explain their game plan for returning to profitability.

Black Friday Subscription Sale - Unlock this subscriber exclusive article and more for 50% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 50% off an annual subscription today. Just use code SAVE50 at checkout.

Entrepreneur Editors' Picks