Earlier this year the White House outlined a $15 billion, multi-pronged plan to help ease the credit crunch affecting so many nurseries. One program earmarks extra funding for loans and technical assistance by the U.S. Small Business Administration’s (SBA) “microloan” lenders.
In addition to extra funding for microloans, new ARC Stabilization Loans offer 100 percent guaranteed deferred payment of loans up to $35,000 to help viable small businesses facing immediate economic hardship.
The plan will also reduce small-business lending fees and increase the amount the SBA will guarantee on some small business loans.
Go here to learn more about SBA loans.