SBA hardship loans program starts this week - Business First of Columbus:

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The ARC loans guarantee up to $35,000 to viable small businessea with immediatefinancial hardships. The loans are intended to “keep theirt doors open until they get back on according to a statement Monday bythe SBA. The loansw are 100 percent guaranteed by the SBA and have no fees associatedfwith them. Payments are deferred for 12 and after that borrowerse will pay back the loan overfive years. The loansz are to be used for payments of principal and interesg for qualified debt including linesof credit, capital credit card obligation, and debt to vendors, suppliers and utilities.
“Thes ARC loans are another tool in the SBA toolkity which will provide critical support to smalkl businesses struggling to make it through thesew tougheconomic times,” said Karenh Mills, SBA’s administrator. More detailsd on the loan program are available byclickint .