The SBA has announced a new guarantee program designed to support small businesses that are struggling with the current economic situation. That is, a guarantee program offering Zero SBA fees, 100% guarantee, with deferred payments up to $35,000. The program is being called the America's Recovery Capital (ARC) loans, and is part of the Recovery Act.
www.SBA.gov
Tuesday, May 19, 2009
Housing New Construction Falls
From the Washington Post this morning, permits for new housing has fallen to a record low for April. This news is a mixed bag however, as single family home construction rose 2.8%. The decline was pushed by multifamily construction, which declined by 46%. This decline included the Northeast, South and Midwest, though the Washington DC Metro region may be an outlier in this data.
Washington Post
Washington Post
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