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ARC Loan in Jeopardy (SBA)?
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| Guest post by: Joe Ferriolo |
Article Overview: Recent news suggests that the ARC is not doing well. Maybe you know this firsthand because you applied for the ARC loan? It has been speculated that the ARC is not doing well due to the risk taken on by the banks with little profit margin to gain.
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Free Download - What affects your credit score? By Joe Ferriolo |
ARC Loan in Jeopardy (SBA)?
Recent news suggests that the ARC is not doing well. Maybe you know this firsthand because you applied for the ARC loan? It has been speculated that the ARC is not doing well due to the risk taken on by the banks with little profit margin to gain.
Friday, November 20, 2009,
Source: Coleman SBA
1) Senator Snowe Proposes Shutting ARC Loan Program Down
On Monday, with little fanfare, Senator Olympia Snowe of Maine introduced legislation to put the America's Recovery Capital loan program out of its misery. Her legislation would repeal the program immediately, and return the unobligated balance of the original $255 million appropriation -- as of Tues
There are other types of pilot programs available such as the express and patriot SBA loan. Check with your local bank or find a business such as Wise Man Finance that can help you get yours today!
Wise Man Finance
Article Tags: appropriation, arc, capital loan, coleman, fanfare, loan check, loan program, local bank, man finance, misery, olympia, olympia snowe, pilot programs, profit margin, recent news, sba loan, senator olympia snowe, senator snowe, unobligated balance, wise man
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About the Author: Joe Ferriolo RSS for Joe's articles - Visit Joe's website Joseph Ferriolo has been in the financing industry for 15+ years. To say the least, he has seen a lot of changes over this time. Each passing year has enabled him to see new ways and avenues of making loans work. He started in large traditional banking institutions doing credit analyses and underwriting. He eventually, took his experience in finance and put his passion into creating his own business ventures. He found that a lack of cash flow can stop a successful business in its tracks. This is why he developed a company that helps business owners obtain financing for their small business. He commonly says "getting a loan has become an art form. Simple mistakes can stop your business from getting the capital you need to get through the slow seasons." Learn and benefit from his ventures, mistakes and life experiences in business financing.
Joseph Ferriolo CEO of Wise Man Finance Click here to visit Joe's website SBA what is the Transition Phase Alert System Funding for Small Businesses How to Speak With a Business Underwriter SBA Guarantee Fee Coming Back Creative Ways to Market Your Business |
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