ARC loans can be used to pay home equity lines of credit and credit card obligations if the debt is for business purposes that meets 7(a) standards. Documentation requirements for assistance with home equity and credit card debt are stringent. (Contact your SBA lender for details).
Can ARC loans be used to pay a home equity line of credit and credit card debt?
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Allen Surgeon had a vision to run a mill efficiently and profitably. As owner of Rogue Valley Fuel, he has been in the wood products industry for...
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