SBA Launches ARC Loan Program Industry
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
PCI ANNUAL CONVENTION &
ﬂow back on track. NAT’L BRIDGE CONFERENCE
Beginning on June 15, the U.S. Small Business Administration (SBA) started guar- San Antonio, Texas
anteeing America’s Recovery Capital (ARC) loans. ARC loans are deferred-payment September 12-15
loans of up to $35,000 available to established, viable, for-proﬁt small businesses pci.org
that need short-term help to make their principal and interest payments on existing ASCC ANNUAL MEETING
qualifying debt. ARC loans are interest-free to the borrower, 100 percent guaranteed Atlanta, Ga.
by the SBA, and have no SBA fees associated with them. September 17-20
As part of the Recovery Act, the ARC program was created as a no-interest, ascconline.org
deferred payment loan to help small businesses that have a history of good perfor- ACPA ANNUAL MEETING
mance but, as a result of the tough economy, are struggling to make debt payments. Westminister, Colo.
ARC loans will be disbursed within a period of up to six months and will provide September 25-26
funds to be used for payments of principal and interest for existing, qualifying concretepumpers.com
small business debt including mortgages, term and revolving lines of credit, capital TCA ANNUAL CONVENTION
leases, credit card obligations, and notes payable to vendors, suppliers and utilities. Amelia Island, Florida
Repayment will not begin until 12 months after the ﬁnal disbursement. Borrowers September 30-October 2
don’t have to pay interest on ARC loans. After the 12-month deferral period, borrow- tilt-up.org
ers will pay back the loan principal over a period of ﬁve years. ICPSC
ARC loans will be made by commercial lenders, not SBA directly. For more infor- Atlanta, Ga.
mation on ARC loans, visit www.sba.gov. October 1-4
Online calculator Hilton Head Island, S.C.
computes potential October 1-4
tax savings for new precast.org
equipment buyers ICUEE
New Holland Construction and Louisville, Ky.
Kobelco Construction Machinery October 6-8