While all SBA lenders are able to make loans under the America’s Recovery Capital (ARC) Loan Program, most lenders have limited their activity to their existing customers.  Your best first step is to contact the lender you currently have an existing business loan or credit line with and inquire about their participation as an SBA ARC Loan participant.  While SBA does not limit ARC to lenders using the program for their own customers, most lenders are only considering requests from existing borrowers, and not all lenders have determined their participation in the ARC program at this time.

The SBA will be conducting a detailed training session outlying the specifics of the ARC Loan Program on Friday, July 17th.  The session will provide guidance on:

• What is an ARC Loan?
• Who is eligible for an ARC Loan?
• How Do I obtain an ARC Loan
• How can proceeds for ARC Loan be used?
• Which Lenders are making ARC Loans?
• Are there “other” SBA Loan Guarantee Programs available for my business?

Join SBA-San Francisco on Friday, July 17th between the hours of 9:00-10:30 A.M. in the SBA Entrepreneur Center Training Room at 455 Market Street, 6th Floor, San Francisco, to learn more about the America’s Recovery Capital Loan Program.

If you plan to attend, please register at www.sbatraining.eventbrite.com

Or, join the July 17th session via your personal telephone by calling toll free:  866-740-1260.  The access code for this call will be: 3091202.  Place your call at 9:00 A.M. on Friday, July 17th.  There is no need to register in advance for this audio call.

Review the attached “Frequently Asked Questions” on the ARC Loan Program.   If you have additional questions after reviewing the FAQs and/or participating in the training session, please contact Michele De Vito at (415) 744-7810 or Steve Bangs at (415) 744-6792.