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TwitterThe SBA has a series of free online small business training sessions you can take at your convenience. Available courses include Starting a Business, Surviving in a Down Economy, Business Management and Financing and Accounting. You can learn about the specific courses by clicking, “About these Courses.” In general, the courses are all self-paced and should take about 30 minutes to complete. Most of the courses require a brief online registration.
Archive for the ‘SBA’ Category
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Small Business: Summer Checkup for Profitability
June 27th, 2009 
admin Sound advice from Joyce M. Rosenberg in this recent Associated Press article. Many of our clients are assessing their financial situation and taking a mid-year look at the bottom line. But what about networking? That is worth some analysis as well. We advise clients to reach out to current and former clients. Recently a business owner we are working with visited a customer just to thank him for their business. The result?
ARC Loans: Not Everyone Will Get One..
June 24th, 2009 admin Mark Deo writes in this Reuters piece (with a nod to Entrepreneur.com) about the hesitancy of banks to play in the SBA’s ARC loan arena. We have a number of ARC loans going in for approval and if our clients do indeed receive funding to pay down debt, it may well be the difference between sustainability and failure.Will Anyone Be Saved by the SBA’s New ARC?On June 15, banks began taking applications for the America’s Recovery Capital loan program.
As seen on Colemanpublishing.com
June 24th, 2009 admin Thanks to Coleman Publishing for featuring our blog on their nationally known website! ARC LENDERSWachoviaWells Fargo & Co.J.P. Morgan Chase & Co.PNC Financial Services Group Inc.Regions BankSuntrustBB&T Courtesy: University of North Florida SBDCKnown Participating Banks in the SBA ARC Loan ProgramUniversity of North Florida (SBDC) released a list of 8 lenders making SBA ARC loans. Some big lenders including Bank of America Corp., KeyCorp’s Key Bank unit and Toronto-Dominion Bank, or TD Bank Financial Group, are still on the fence about participating, citing concerns about heavy paperwork and strict rules on applicant eligibility.
The SBA plans to release a partial lender list of ARC loan participants by Monday
June 20th, 2009 admin Known participating banks in the SBA ARC loan program as of June 20th:WachoviaWells Fargo & Co.J.P. Morgan Chase & Co.PNC Financial Services Group Inc.Banco Popular North AmericaRegions BankSuntrustBB&THere is a Wall Street Journal article written by Raymund Flandez that adresses the current Arc lending situation.SBA Offers Aid to Cash-Strapped The Rub: Some Big Banks See the Reward as Too Small for the PaperworkThe emergency loan program launched in the past week by the Small Business Administration is designed to give established businesses some breathing room to pay principal and interest payments on existing debt.
SBA Small Business Loans :ARC Loan Update
June 18th, 2009 admin The SBA’s ARC Loan program started June 15th. As of today it is known that Wachovia Bank, Regions Bank, and BB&T are participating. It is thought that Suntrust and Banco Popular may also be a participating bank but this is not confirmed. Contact the bank directly to get a loan application. Contact your own bank and ask if they are participating.We believe that these banks are only doing ARC Loans for existing account holders.
SBA ARC Loans: Hints on Which Banks May Play
June 11th, 2009 admin Jeff Ostrowski , a writer for the Palm Beach Post has some new information on possible bank participation in the SBA ARC Loan program. Bailout plan offers small businesses up to $35,000After spending billions to bail out banks, taxpayers are poised to offer a much smaller amount for loans to struggling small businesses.Starting Monday, employers can apply for loans of up to $35,000 through the Small Business Administration’s America’s Recovery Capital program.
SBA ARC Loans:More Details
June 11th, 2009 admin Caleb Groos posted this concise update on SBA ARC Loans via his FindLaw blog:Despite the federal recovery efforts to increase lending to small businesses, the loans many small businesses have waited on are the Small Business Administration (SBA) emergency ARC loans designed to help struggling businesses temporarily bridge the financial gap. The SBA has released more details about which businesses will be eligible for the loans, set to become available next week.
