America"s Recovery Capital Loans

Designed to help small businesses meet existing debt payments so that they have time to refocus their business plans in order to succeed.

Agency - Small Business Administration

The Small Business Administration maintains and strengthens the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.

Program Accomplishments

Not Applicable.

Uses and Use Restrictions

This new SBA loan program will provide deferred payment loans of up to $35,000 to viable small businesses in need of money to make payments on an existing, qualifying loan for up to six months.

Loans shall be made to a small business concern (defined under section 3 of the Small Business Act) that meets the eligibility standards in section 7(a0 of the Small Business Act.

Loans cannot exceed $35,000 and loans guaranteed under this program shall be used to make periodic payment of principal and interest, either in full or in part, on an existing qualifying small business loan for a period of time not to exceed six months.

Loans under this program carry a 100 guaranty, have interest fully subsidized for the period of repayment with repayment for loans being amortized over a period of time not to exceed 5 years and shall not begin until 12 months after the final disbursement of funds is made.

Eligibility Requirements

Applicant Eligibility

Small business (less than 500 employees): Business/Commerce

Beneficiary Eligibility

Small business


SBA may accept any available collateral, including subordinated liens, to secure loans made under this program. This program is excluded from coverage under OMB Circular No. A-87.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.


Application Procedures

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110.

Award Procedures

SBA is to issue regulations regarding administration of this program.


Contact the headquarters or regional office, as appropriate, for application deadlines.


American Recovery and Reinvestment Act of 2009, Public Law 111-5.

Range of Approval/Disapproval Time

Not Applicable.


Not Applicable.


Not Applicable.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula.

This program has no matching requirements.

This program does not have MOE requirements.

Length and Time Phasing of Assistance

See definition of purpose above. See the following for information on how assistance is awarded/released: Periodic payments.

Post Assistance Requirements



Not Applicable.


This will be identified in in issued regulations.

Financial Information

Account Identification



(Direct Loans) FY 08 not reported.; FY 09 est $255,000,000; FY 10 est not reported.

Range and Average of Financial Assistance

Maximum of $35,000 per loan.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office


Headquarters Office

David Lippold 409 3rd. Street, SW, Suite 6000, Washington 20416 Email: Phone: 202-205-6569

Criteria for Selecting Proposals

Not Applicable.

Philanthropy imparts a multitude of ways for small business owners to do social good – both for the community and for themselves.

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Edited by: Michael Saunders

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