Entries from BizBox Blog on Slate tagged with 'ARC'
Snowe Proposes End to Big Program
Via You're The Boss, we see that Sen. Olympia Snowe (R-Me.), the ranking member of the Small Business & Entrepreneurship Committee and our favorite senator, is actually seeking to end the America's Recovery Capital lending program before it wastes $120...
Microlending Program To See 60% Default
Well, we were skeptical of America's Recovery Capital from the beginning. The program has the Small Business Administration guaranteeing 100% of small loans (capped at $35,000) made to "viable" small businesses that are trying to pay off pre-existing debt. We...
If A Law Is Bad, Blame The Lawmakers
We would love to add something to Robb Mandelbaum's post from last Friday afternoon, which concerns Sen. Ben Nelson (D-Fl.)'s denunciation of the current pace of America's Recovery Capital loans. But, honestly, he touches all bases, and we agree (and...
A Microlending Solution?
As the practical failure--or, at least, lack of real success--of the America's Recovery Capital lending program becomes ever more apparent, John Tozzi of The New Entrepreneur offers a potential solution: encourage microlenders to make the loans. (ARC loans, which arose...
Small-Business Banker Damns ARC Program
I thought I would be inundated with requests for America's Recovery Capital loans over the last few months at the bank I work at. But alas, small business owners across America know that the program is nothing more than rhetoric....
Taking Stock of Lending
Last week, we were hailing Robb Mandelbaum's reporting on the broad problems with the America's Recovery Capital loan program. Remember, under ARC, struggling but "viable" small businesses can get no-interest loans of up to $35,000 to pay back existing bank...
Failure To Lend
One of our favorite bloggers, Robb Mandelbaum, gets tapped for the Big Leagues today for a B1 (front page of the business section) New York Times story on the America's Recovery Capital program. Mandelbaum's article gives the whole issue absolutely...
The Downward-Bending ARC
When we last checked in on the America's Recovery Capital program--under which "viable" small businesses can apply for 100% government-backed, no-interest loans of up to $35,000 to pay back pre-existing bank debt--it looked to be in trouble: specifically, it looked...
Gov't To Dramatically Expand Small Biz Programs
We're...really not sure exactly how to respond to this breaking-news article in the Washington Post. Fridays are known in Washington as "Take Out The Trash Day", the time of the week when you casually release news that you want a...
ARC Lending Program: Some Success, Mostly Failure
Well, the Small Business Administration's America's Recovery Capital microlending program--the one in which "viable" small businesses can apply for interest-free bank loans of up to $35,000, to be fully backed by the government, in order to pay back pre-existing debt--has...
An ARC To Nowhere? Yet Another Lending Plan Failure
A couple of weeks ago, we talked about how private lenders might not be willing to play ball with the Small Business Administration's America's Recovery Capital microlending program. The program, you'll recall, would see the SBA backing interest-free loans of...
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