The U.S. Small Business Administration (SBA) is well known for its loan programs, helping small businesses gain access to much needed capital. Every day, the SBA and its nationwide network of partners help millions of potential and current small business owners start, grow and succeed. Tapped with helping to unlock the small business lending market through the American Recovery and Reinvestment Act (ARRA) and America’s Recovery Capital (ARC) loan program, the SBA has emerged as a front runner in getting capital flowing again to America’s small businesses. To date (Aug. 2010), the SBA has supported more than $29 billion in Recovery loans to small businesses with an increase of more than 90% in loan dollars approved. Twenty-four percent of these Recovery loans have gone to help small businesses in rural areas. With the help of the SBA, through implementation and management of Recovery funding, more than 8,000 ARC loans have been approved by nearly 1,300 lenders to help small businesses. One hundred percent guaranteed by the SBA, ARC loans are designed to give viable small businesses experiencing immediate financial hardship temporary financial relief so they can keep their doors open and get their cash flow back on track. Under ARC loan program no interest is charged to the borrow. It is paid by the SBA. The SBA also implemented two new programs to complement the ARRA to increase access to capital for small businesses by: expanding 7(a) loan eligibility to more than 70,000 small businesses and offering inventory financing for eligible auto, RV, boat and other dealerships. If you need an advantage to compete in the marketplace or financial assistance to weather these tough economic times (existing businesses only) contact your local SBA office to learn about available programs and resources. The SBA offers help to small business owners in the following areas: • Starting a Business • Financing a Business • Growing a Business • Opportunities in Contracting • Recovering from Disaster • Providing a Voice in Government San Antonio District Office Yolanda G. Olivarez Regional Administrator 17319 San Pedro, Suite 200 San Antonio, Texas 78232-1411 www.sba.gov/tx/sanantonio Email: sado.email@sba.gov Phone: 210-403-5900 Fax: 210-403-5936 TDD: 210-403-5933 All SBA programs and services are provided on a nondiscriminatory basis. |