America's Recovery Capital Loans


Designed to help small businesses meet existing debt payments so that they have time to refocus their business plans in order to succeed.

General information about this opportunity
Last Known Status
Deleted 02/05/2016 (Archived.)
Program Number
Federal Agency/Office
Agency: Small Business Administration
Type(s) of Assistance Offered
Direct Loans
Program Accomplishments
Not Applicable.
American Recovery and Reinvestment Act of 2009, Public Law 111-5.
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Beneficiary Eligibility
SBA may accept any available collateral, including subordinated liens, to secure loans made under this program. This program is excluded from coverage under OMB Circular No. A-87.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
Application Procedure
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110.
Award Procedure
SBA is to issue regulations regarding administration of this program.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Approval/Disapproval Decision Time
Not Applicable.
Not Applicable.
Not Applicable.
How are proposals selected?
Not Applicable.
How may assistance be used?
This new SBA loan program will provide deferred payment loans of up to $35,000 to viable small businesses in need of money to make payments on an existing, qualifying loan for up to six months. Loans shall be made to a small business concern (defined under section 3 of the Small Business Act) that meets the eligibility standards in section 7(a0 of the Small Business Act. Loans cannot exceed $35,000 and loans guaranteed under this program shall be used to make periodic payment of principal and interest, either in full or in part, on an existing qualifying small business loan for a period of time not to exceed six months. Loans under this program carry a 100 guaranty, have interest fully subsidized for the period of repayment with repayment for loans being amortized over a period of time not to exceed 5 years and shall not begin until 12 months after the final disbursement of funds is made.
What are the requirements after being awarded this opportunity?
Not Applicable.
Not Applicable.
This will be identified in in issued regulations.
Other Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
This program has no matching requirements.
This program does not have MOE requirements.
Length and Time Phasing of Assistance
See definition of purpose above. See the following for information on how assistance is awarded/released: Periodic payments.
Who do I contact about this opportunity?
Regional or Local Office
Headquarters Office
SBA Executive Secretariat 409 3rd. Street, SW, Washington, District of Columbia 20416 Email: Phone: 1-800-827-5722
Website Address
Financial Information
Account Identification
(Direct Loans) FY 08 Not Available; FY 09 est $255,000,000; and FY 10 Estimate Not Available
Range and Average of Financial Assistance
Maximum of $35,000 per loan.
Regulations, Guidelines and Literature
Not Applicable.
Examples of Funded Projects
Not Applicable.


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