The economic stimulus package includes a $35,000 life preserver for small businesses drowning in red ink.
Under the law, the Small Business Administration temporarily will guarantee 100 percent of loans of up to $35,000 issued by banks to small businesses that are struggling to make payments on existing debt. The SBA will subsidize the interest on the loan, and small businesses will have a year before they have to start repaying it.
Small loans to keep troubled firms afloat
Posted by TimJustus under Raising CapitalFrom http://www.msnbc.msn.com 5543 days ago
Made Hot by: on February 25, 2009 7:04 pm
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