Tag Archives: SBA stimulus loans

29May/09

SBDC offers free workshop on “Understanding Small Business Administration Stimulus Loans”

(Lakeland, Fla., May 29, 2009) — The Small Business Development Center at the Central Florida Development Council presents a free workshop, “Understanding SBA Stimulus Loans,” June 9 from 5:30 p.m. to 7:30 p.m. at the Jim Miles Professional Development Center, 5204 U.S. 98 S., Lakeland. The presenter will be Jim Parrish, certified business analyst.

“Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through a new loan program,” said Doretha Brooks, Small Business Development Center director.

Beginning June 15, the U.S. Small Business Administration will start guaranteeing America’s Recovery Capital loans. These deferred-payment loans of up to $35,000 are available to established, viable, for-profit small businesses that need short-term help to make their principal and interest payments on existing qualifying debt. ARC loans are interest-free to the borrower, 100 percent guaranteed by the SBA, have no SBA fees associated with them, and repayment will not begin until 12 months after the final disbursement.

To register visit www.polksbdc.org or call (863) 667-7913.

The Small Business Development Center at the Central Florida Development Council is a non-profit organization that designs and delivers a collection of programs directed towards strengthening the economic benefit of Central Florida. Services include free one-to-one counseling, on-going educational entrepreneurial training workshops, and support of the activities of the Florida Small Business Development Center Network.