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American Recovery and Reinvestment Act Program Guide
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America's Recovery Capital (ARC) Loan Program
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| Progress Indicator |
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| Guidance Available |
Application Processes Open |
Application Processes Closed |
Award Processes Completed |
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| Federal Program Information |
| Federal Program Description |
The temporary ARC loan program offers a deferred payment loan of up to $35,000 to be used for principal and interest payments on existing, qualifying debt/loans. ARC loans are interest free, without fees, and 100% guaranteed by SBA.
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| CFDA Number |
59.057, 59.070 |
| Assistance Type |
Direct Loans |
| ARRA Citation |
Section 506, p. 43 |
| ARRA Reporting |
NA
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| Federal Agency |
Small Business Administration |
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| NYS Information |
| NYS Program Title |
ARC Loan Program |
| NYS Agency |
ESD |
| Contact |
Kay Wilkie |
| Email |
kwilkie@empire.state.ny.us |
| Phone |
518-292-5270 |
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| Program Funding |
| National Total |
$255 million |
| NYS Share |
NA |
| Flow of Funds |
application process by firm to SBA
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| Deadline |
no later than 9/30/10 |
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| Awards and Outcomes |
| Website |
http://www.recovery.gov/transparency/pages/home.aspx?State=NY |
