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Utah

Local entrepreneurs benefit from Small Business Administration program

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  • Richard May
    Aug. 21, 2009 3:27 p.m.

    The ARC Program makes a lot more sense than many other goverment programs. First, it provides much needed relief to small businesses to repay their debt obligations to Banks that the Federal Government (read taxpayer) has already bailed out. In effect, the government is recycling the money it has already given the banks. Specifically, the government gives money to small business to repay loans to banks so the banks can repay down their TARP loans. Works for me. I just hope the small businesses are around long enough to repay their ARC loans to the American taxpayer and continue to provide jobs for their employees.

  • Socialism
    Aug. 21, 2009 7:11 a.m.

    Please, how can self-respecting Utahns accept government money to start a business?!! Sure it may be helping the economy, but it is unConstitutional for the government to help people! Shame!