Chamber offers ARC loans

2009-07-09 / Business

The Agoura/Oak Park/Conejo Valley Chamber of Commerce and the Small Business Administration are now accepting loans for a temporary program called America's Recovery Capital (ARC).

ARC loans of up to $35,000 are designed to provide a "bridge" for viable small businesses with immediate financial hardship to keep their doors open until they get back on track.

ARC loans are deferredpayment loans of up to $35,000, available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing and qualifying business debt.

Repayment will not begin until 12 months after the final disbursement.

For more information on ARC loans, visit www.sba.gov or call Alex Soteras, Chamber director at (818) 889-3150.

Return to top