Forum provides money answers

If a business is not making a profit. I don't know that government should get involved in saving it. This program seems to be a bailout for small business. It hasn't seem to work very well with big business. Should the government save it or should you let it fail?

If you can't make it close the doors or go through bankruptcy. Enough with the bail outs already!!!!!!

Although the ARC LOAN program can be very helpful to some business, the biggest problem has been that borrowers are having difficulty locating a lender who will lend to them especially if their lender doesn’t participate. Many of the banks want to provide loans to current customers only, especially if they hold a loan from that customer. It can depend on the type of debt the business carries. Finally, lenders have different policies as to whether they will make minimum payments on debt or will make larger payments toward the total debt. Banks are unhappy to process and underwrite a loan package for a $35,000 loan that requires nearly as much as is needed for a regular sized SBA 7(a) loan.

My company, Business Borrowers Alliance, is contacting the large and mid-sized banks to learn if they are participating and what their specific requirements are. We provide direct assistance and help to businesses throughout the complete ARC Loan application process. For more information, contact us at 866-944-3866 or mail@businessborrowersalliance .org

Neal Gordon
http://www.businessborrowersalliance.org