Help for Small Biz: SBA Backs Interest Free Loans to Ease Cash Crunch
Heather Schuck is a passionate entrepreneur who lives up to her "Lil' Firecracker" nickname. While she may joke about her "fun sized" 5'1″ petite frame or her nationally celebrated 4th of July birthday, she's serious about bootstrapping, inspiring mom entrepreneurs, and the power of content marketing.
She is well known for using innovative and cost-effective strategies to secure high profile media placements including mentions on Oprah, The Today Show, Early Show, USA Today, and an appearance on Extreme Makeover: Home Edition. She is an expert in utilizing celebrity product placements as a tool for catapulting sales. Celebrity fans include Demi Moore, Oprah, Britney Spears, Kate Hudson, Angela Bassett, Holly Robinson Peete, Tia Carerre, Lisa Rinna, and Brooke Burke to name a few.
Heather Schuck‘s journey into entrepreneurship is a classic rags to riches tale of overcoming all odds. Despite her lack of fashion or business experience, Heather was able to turn her failed eBay hobby into a multi-million dollar company with distribution in national retailers such as Target, JCPenney, and Sears. As an early adopter and believer in the power of community, Heather Schuck has immersed herself in online outreach such as blogging, social media, and video broadcasts since 2003. Her strong identification with the mom audience and sincere appreciation for supporters led to the launch glamaLIFE.com in 2010. She is also the Host of the web series Fit and FearLESS Files that inspires women to overcome mom guilt and embrace their dreams.
Recognized as a strong advocate for small business, Heather welcomes the opportunity to help fellow entrepreneurs replicate her successes. She has spent the last seven years as a bootstrap entrepreneur and has developed numerous best practices for working smarter-not harder. As a business coach, Heather can train you to utilize her tactics and strategies while providing heartfelt encouragement and support. Areas covered include business strategy, company branding, leveraging celebrity marketing, social media integration, influencer outreach, achieving marketing ROI, media outreach/PR, creating work/life balance, and optimizing your operations for maximum efficiency. If you are losing hope in your small business and need a seasoned expert with credibility and a proven track record of success, click here to hire her. Heather Schuck can be contacted at email@example.com.
Latest posts by Heather Schuck (see all)
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As part of the American Recovery and Reinvestment Act of 2009, the Small Business Administration (SBA) has now added a 100% interest free SBA backed loan with no fees attached. With so many businesses (big and small) crumbling in the current economic climate, the new loan program is an attempt by the SBA to reach out to its small business community. They are hoping to help companies that have been profitable in the past but are currently struggling due to sales declines, inability to access credit, or sky rocketing debt payments.
The loan is for amounts up to $35,000 and meant to be a short-term solution to stimulate cash flow. The goal of the ARC loan is get owners investing in their businesses again, instead of just scrapping by with their heads barely above water. The loan proceeds are systemically paid out over a period of six months and repayment does not begin until the last disbursement has been received. Repayments can be made for up to five years. The loans are available starting June 15th, 2009 through September 10, 2010 or until the all the funding has been disbursed. The loans will be issued by commercial lenders and then backed by the SBA. The SBA will then pay the commercial lenders a monthly interest rate.
Ideal candidates will have a plan for future cash flow, a history of profitability in at least one of the business’s previous three years, and are no longer than 60 days past due on their current debt payments. The loan program is not available to start-ups, non-profits, or companies that can not prove viability.
This new program just might be the break many small business owners have been hoping for to get them back in control of their finances. For more information, visit http://www.sba.gov/recovery/arcloanprogram or contact your current SBA approved lender for application details.