SBA Offers Aid to Cash-Strapped
The emergency loan program launched in the past week by the Small Business Administration is designed to give established businesses some breathing room to pay principal and interest payments on existing debt.
Borrowers, however, may find it difficult to find a bank that is providing the “America’s Recovery Capital” interest-free loans.
Some big lenders including Bank of America Corp., KeyCorp’s Key Bank unit and Toronto-Dominion Bank, or TD Bank Financial Group, are still on the fence about participating, citing concerns about heavy paperwork and strict rules on applicant eligibility.
Similar Posts:
- U.S. credit card defaults rise to record in May
- Do your homework before applying for federal business loan
- Look To Microlenders For Funding
- Three Tips for Financing Your Franchise Purchase
- White House Eyes Bailout Funds to Aid Small Firms
- The Best Lemonade Stand in America Contest
- Like eBay But With Loans
- 6 Steps To Prevent Credit Card Fraud
- Grow Wallet Share From Your Existing Customer Base
- Which Airlines Have Wi-Fi?
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
