Saturday November 21, 2009

smSmallBiz.com - SmartMoney's Small Business Site

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SBA Offers Aid to Cash-Strapped
The emergency loan program launched by the SBA is designed to give established businesses some breathing room on debt. Borrowers, however, may find it difficult to find a bank that is participating.
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Amena Posted: 8:30 AM On September 3, 2009
Good morning. I have a simple philosophy. Fill what's empty. Empty what's full. And scratch where it itches.
I am from Andorra and also now teach English, give true I wrote the following sentence: 'Modern millions, as most of the willing exception sees them, also, invest to be a illegal film.'

With respect :p, Amena.
Orela Posted: 1:57 PM On August 29, 2009
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Rob Posted: 7:44 AM On June 29, 2009
Yet another program with too many strings attached. The tarp money should have been lent to small business at low interest rates. This would have enabled everyone to stay in business. All the people that have lost their jobs would still be working.This would have enabled them to pay their bills and avoided all the defaults. The banks would have been paid and the toxic debt would not be on their balance sheets.A win win situation for all.Credit markets would not be tight and money would be flowing.
Tracey Posted: 4:27 AM On June 26, 2009
I am a small business owner and my available credit was cut last week. I have been trying to work with the bank to get my credit increased to where it was. When I asked about the ARC loans, I was told I most likely won't qualify because this only if you are delinquent,not current and in good standing. So what is the resource to get credit if you are in good standing? Why will we only help when it is almost to late?
Kermet Posted: 1:43 PM On June 22, 2009
For this size loan, it would seem more reasonable to allow the Lender to use a simple one page application with the pertinent data. Leave it to the government to say they are helping small businesses( for the media headlines) and then make the process so burdensome to prevent the lender and borrower from utilizing the program.
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