SBA Recovery Capital Loans

recovery capital loanDid you know that the U.S. Small Business Administration provides recovery capital loans to small businesses?

The Recovery Capital Loan program “provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.”

Also, under this direct loan program, the SBA may accept any form of available collateral, which include subordinated liens, from small business owners in order to borrow loans for their business needs.

Read the article: Small Business Administration’s Recovery Capital Loans | Top Government Grants