Recovery Act Creates New SBA Loans

Friday, June 12, 2009

 

The ARC Bridge Loan can help struggling existing businesses through a 0% interest, zero fee loan up to $35,000. These loans are intended for exisitng, small businesses who have been profitable in the past but are now struggling due to the recession. They have also changed the guidelines and fee structures for their other loans, many loans now have NO FEES. For more information on this loan or other new SBA loans visit http://www.sba.gov/recovery/arcloanprogram/index.html.

Local Certified SBA lenders include-

Citizens Bank of PA
2001 Market Street
Suite 600
Philadelphia, PA 19103
Richard Campbell
SVP.Business Banking Diector
267-671-1026

HSBC Bank USA
1027 Arch Street
Philadelphia, PA 19107
Deanna L.Clifford
215-592-7478

PNC Bank
(Any Branch)