Beginning June 15, 2009 the Small Business Administration is offering a special loan program to help struggling small businesses make payments on existing debt.
America's Recovery Capital (ARC) Loan Program is available to viable small businesses experiencing financial hardship that can demonstrate reasonable projections (quarterly for the forthcoming two years) that indicate an ability to repay the debt.
M&T Bank is qualified to help its business customers borrow up to $35,000 to pay back existing debt. For more information, contact your Branch Manager or Business Banker. Also, visit the Small Business Administration ARC Loan Program website for more information.
In order to expedite your application process, a guide with a list of documents needed for the ARC Loan Program is available by clicking here.