23/09/2009, Officials to Show Economic Relief to Minnesota Small Businesses

SBA Administrator Karen Mills will join Michael Zenk, President of Venture Bank and JoLynn Johnson, of Crystal Kitchen Center, at a news conference, which is aimed at recognizing the positive impact the American Recovery and Reinvestment Act (ARRA) is having on local small businesses’ ability to secure financing.
At the event, which takes place on Wednesday, September 23rd 2009, at the Crystal Kitchen Center, Crystal, MN, the speakers will talk about the American Recovery Capital (ARC) loan, the financing helping businesses facing economic challenges to meet operating costs. The ARC loan provides no interest, deferred repayment loans of up to $35,000.
Since the signing of ARRA, in Minnesota, the SBA has supported 1,000 small businesses lending $337.4m.

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