Recovery Act 101
With much debate, the Recovery Act of 2009 was passed by Congress to help pull the U.S. from the grips of a historic recession. There are many provisions in the new law that could help package printers in these difficult times.
The SBA has also been authorized to spend $255 million on new business-stabilization loans, which will provide deferred-payment loans of up to $35,000 to help viable small businesses make payments on existing qualifying loans. These new loans would be 100 percent backed by the SBA and repayment would begin 12 months after disbursement.
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