The Small Business Administration announced the ARC program for distressed small businesses. This emergency loan, up to $35,000, is intended for businesses that can’t pay their bills.
Guess what? Since the SBA only guarantees loans and the banks still have to fund them, we have yet to see a single ARC loan made. The recovery efforts, at least as far as main street is concerned, feels like a photo op.
If you’ve had success getting one of these loans, please contact pmehit@wbpllc.com. I’d love to know your secret.
Dispatches From The Front 
Just spoke with one of the leading SBA lenders in the country, they said noone wants to mess around (banks) with the ARC loans.