Comments on: New SBA Loans to Help Your Business Recover http://www.mominventors.com/2009/07/22/new-sba-loans-to-help-your-business-recover/ Mom Invented helps moms start businesses and develop products and inventions with inventing advice, business advice and inspirational inventing help Sun, 25 Jul 2010 10:01:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Neal Gordonhttp://www.mominventors.com/2009/07/22/new-sba-loans-to-help-your-business-recover/comment-page-1/#comment-312 Neal Gordon Thu, 23 Jul 2009 10:34:46 +0000 http://www.mominventors.com/?p=2049#comment-312 Although the ARC LOAN program can be very helpful for some businesses, one of the biggest problems, so far, 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.orgNeal Gordon <a href="http://www.businessborrowersalliance.org" rel="nofollow">http://www.businessborrowersalliance.org </a> Although the ARC LOAN program can be very helpful for some businesses, one of the biggest problems, so far, 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

]]>