Gift Basket Business Blog

Loans for Small Gift Basket Businesses

September 27th, 2009 at 08:55pm Lorie Obernauer

I just read an article in Gourmet News, September, 2009, about Recovery Act monies that have been earmarked for small businesses. ARC loans (America’s Recovery Capital) are available for “small businesses with an immediate financial hardship”. Loans up to $35,000 can be obtained by small businesses that were “in the black for 2 or 3 years before the recession” and are in need of financial aid to “pay their principal and interest payments on existing and qualifying business debts”. Go to the Small Business Administration web site to get the facts about this loan program and to find out if you qualify.

If you’re interested in obtaining a loan for your business, you may also want to check out these resources:

• Small SBA loans in the category of $5,000 to 35,000 are also available under the Community Express and Patriot Express stimulus loan programs.

Entry Filed under: Business Tips, Industry News