Roundup: National Small Business Week Highlights

During her keynote address at the National Small Business Week conference, newly confirmed SBA administrator Karen Mills talked about a new SBA loan designed for small businesses that need "a bridge over troubled water. "

America's Recovery Capital (ARC) deferred-payment loans -- 100%-backed and interest-paid by the SBA -- provide up to $35,000 in "temporary relief" for viable small businesses that are in a major pinch. "Viable," Mills said, means "a small business with an established history of performances but needs help." The SBA Web site provided a few more details about eligibility; official guidelines, Mills said, are due out early June, with loans ready to roll through SBA lenders beginning June 15.

See more about what Mills said in her keynote address

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