No-Fee, No-Interest Loans

Small Business Administration – ARC Loan Program.

The SBA recently announced SBA-backed loans of up to $35,000 will be available to small businesses beginning June 15th.

The loans will be mainly for redirecting capital to pay off debts, retain employees, and fight recessionary problems.

I’m not sure what kinds of businesses are able to qualify, but the SBA stated that these loans are focused on businesses that have shown profitability at least one year of the past two. If you’re running a business in college, this could be a GREAT way to offset your student loan debts and get your company off on the right foot.

If anyone has checked into this opportunity more, please let us all know!

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  • http://webitect.net Kayla

    Wow, that is a great opportunity. I'm checking out the site right now. I probably wouldn't be able to qualify though, as my blogs just starting and I've barely made a profit. Won't hurt to look into though.

    • http://intensedebate.com/people/NickThacker NickThacker

      Yeah, I think they're only accepting businesses that have been in business for awhile and have been able to show a profit–depending on their exact definition, though, making $0.01 on a blog may constitute a "profit."

      Haha, either way–I wish I had more time to look into this–please let me know if you find anything else out about it, it seems pretty neat!