Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

What is Duns Bradstreet and How Can they improve my business efficiency.

  • Broadcast in Finance



Follow This Show

If you liked this show, you should follow dgroup_reit.
ARC loans are intended to help established small businesses that have been hurt by the recession and need cash to do things like pay workers, pay current loans, buy inventory, and make the rent. You can’t take the money and use it for a Las Vegas management retreat. To be eligible, you must have been operating for at least two years. You must show financial statements to prove you were profitable in at least one of the past two years and that your business has taken a hit in the recession. You have to show evidence of a drop in sales (at least 20 percent in the past year), missed loan payments, rejected credit applications, higher business costs (at least 20 percent in the past year), trouble making payroll, or difficulty paying the rent. At the same time you need to prove you’re viable by showing projections for at least the next two years indicating that you can generate enough cash to pay back your ARC loan and other obligations. Your business credit score must also meet SBA standards.