New Web Site, ARC-Loans.com, Helps Business Owners Better Understand Obama's New ARC Loan Program
ARC Loans are government mandated interest-free loans designed to help small businesses.
Columbus, OH (PRWEB) June 22, 2009 -- A new web site called ARC-Loans.com was recently launched as an online resource for President Obama's newly endorsed ARC loan program -- designed to provide small business owners and entrepreneurs with interest-free business loan options. The web site discusses the program in full detail, giving potential applicants a better understanding of whether or not they should apply.
Essentially a compilation of information from the Small Business Administration and other trustworthy sources, the web site offers visitors a list of relevant resources as well as an easy-to-understand explanation of who exactly qualifies for these loans. Readers will also be able to learn about the potential risks and disadvantages of obtaining an ARC loan.
ARC loans, also known as America's Recovery Capital loans, are one of the many initiatives that have resulted from the American Recovery and Reinvestment Act - a bill signed by President Obama in February 2009 that was designed to rescue the American economy.
The program provides up to $35,000 per borrower to help small business owners who are experiencing financial hardships, but is capped at just 10,000 loans available - which amounts to only 200 per state. The loans are also only available to companies that have been profitable for at least one of the past two years. They are not available for new companies and start-ups.
For more details about ARC Loans, visit:
http://www.ARC-Loans.com
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