Will TARP Money Provide Cash Flow for Small Business?

Loans to small businesses are now the focus in Congress. This post is courtesy of Commercial Debt Solutions operating in Southern California.

“In response to growing criticism from the Republican Party members and increasing dissatisfaction of the U.S. citizens with the administration’s handling of the country’s economic crisis, on Monday, July 13^th, the House and Senate will start debating a proposition to use up to one hundred billion of the TARP dollars as guaranteed, minimal-interest loans for small businesses.

"As being proposed, the U.S. Government will guarantee 100% of these loans to the lenders for up to ten years; loans are to be made available to businesses that have less than 250 employees total, or less than 100 full-time employees; and funds are to be distributed through a special program through the Small Business Administration. If approved, funds might become available as early as this fall.

"As a strategic partner with SCORE and a resource partner with U.S. SBA, Commercial Debt Solutions will remain current on all developments related to this proposal and will be equipped to assist its qualifying clients in securing these loans, should they become available.”

For more information, contact Commercial Debt Solutions directly at 1-877-684-3631.

Commercial Debt Solutions, headquartered in Beverly Hills, is a performance-based firm working to assist companies in Southern California with their financial needs.