| This article will cover the mistakes business | | | | expand, you have to do more than just get |
| owners make in trying to get and ARC loan and | | | | enough to keep you going. You have to get |
| what you can do to avoid the same mistakes. | | | | enough to go past survival and into Thrive. Ask |
| Mistakes are time wasters and time is of the | | | | for the proper amounts. |
| essence when it comes to getting the ARC | | | | Mistake 3: Applying to the wrong banks. Not |
| Loans. | | | | every bank will be doing these loans. Many banks |
| Mistake 1: Not understanding there is a time limit. | | | | do not think these loans will help. They think of |
| Yes, ARC loans became available in June of 2009; | | | | the loans as being a problem in the long run. Some |
| however, there will not be there forever. By | | | | banks who are saying they are doing the loans |
| knowing the deadlines and anticipating how much | | | | are not up and running yet. I have had people |
| time it will take you to apply, you can avoid | | | | write me at the Wright Place TV Show and tell |
| rushing. Rushing your paperwork will cause you to | | | | me, the bank they called, didn't have the |
| forget or leave out important information. | | | | paperwork and were not ready to take |
| Information gathering will be vital to creating an | | | | applications. Some banks, no one knows anything |
| application that will get you the money. | | | | about the ARC loans, or who they work. So do |
| Mistake 2: Not asking for the top amount. You | | | | not waste time running from bank to bank. Start |
| need to know the maximum amount you can ask | | | | with your own business bank. You have a |
| for and ask for it. This will bring you up to date | | | | relationship with them and you can easily speak |
| with a lot of other bills. People are afraid to ask | | | | with someone who will tell you, what your bank is |
| for more than they 'need'. If you business is to | | | | willing to do. |