{"id":138502202,"date":"2010-09-24T00:00:00","date_gmt":"2010-09-24T04:00:00","guid":{"rendered":"https:\/\/acccapital.com\/arkansas-businesses-will-benefit-from-small-business-jobs-act-of-2010\/"},"modified":"2026-04-02T13:09:11","modified_gmt":"2026-04-02T17:09:11","slug":"arkansas-businesses-will-benefit-from-small-business-jobs-act-of-2010","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/arkansas-businesses-will-benefit-from-small-business-jobs-act-of-2010\/","title":{"rendered":"Arkansas Businesses Will Benefit from Small Business Jobs Act of 2010"},"content":{"rendered":"<h5 align=\"left\"><strong><em>Substantial SBA loan product enhancements will be available<\/em><\/strong><\/h5>\n<p>  The Arkansas Capital Corporation Group\u2019s Chief Executive Officer C. Sam Walls on Friday highlighted enhancements to the Small Business Jobs Act of 2010 which will have the greatest impact on Arkansas\u2019s small business owners.  <em>\u201cThese enhancements are the most impactful I\u2019ve seen in my 20 years of working with government guaranteed lending,<\/em>\u201d Walls said. \u201c<em>These tools are meaningful in their ability to assist and encourage business owners to grow their enterprises.<\/em>\u201d  ACCG offers an alternative source of financing for small business; the Group partners with banks across Arkansas to provide the most attractive financing package available to small business owners.  Highlights of the enhancements include:<!--more-->  <\/p>\n<ul>\n<li>Fee Reductions &#8211; &#8211; extends the authority for 7(a) and 504 fee reductions and 90% 7(a) guarantees through December 31 or until $505 million in appropriations is obligated.<\/li>\n<li>Maximum Loan Amounts (permanent increases) &#8212; the loan maximum on:\n<ul>\n<li>7(a) loans set at $5 million gross and $3.75 million net (or guaranteed amount).<\/li>\n<li>504 loans, including public policy loans, set at $5 million, except small manufacturer loans and energy loans are set at $5.5 million.<\/li>\n<\/ul>\n<\/li>\n<li>Maximum Loan Amount of SBA Express (temporary increase) set the maximum amount of an express loan at $1 million for 1 year.<\/li>\n<li>Alternative Size Standard &#8211; &#8211; pending SBA establishment of an alternative applicable to both 7(a) and 504, establishes a standard of maximum tangible net worth of $15 million and 2-year average net income after Federal income tax of $5 million which will apply to both products.<\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Debt Refinancing &#8211; &#8211; establishes a temporary 2-year program of business debt refinancing through the 504 laon product independent of the usually required job creation\/preservation project.<\/span><\/li>\n<\/ul>\n<p>  <em>\u201cThey offer borrowers and financial institutions a tremendous opportunity to get capital into the hands of\u00a0those who make our economy work,<\/em>\u201d Walls said. <em>\u201cDebt restructuring and expansion capital is now much more\u00a0readily available because of this legislation.\u201d<\/em>  Established in 1957, the Arkansas Capital Corporation is a private, non-profit business development\u00a0corporation. ACC\u2019s volunteer Board of Directors comprises bankers and business leaders from across\u00a0Arkansas and is dedicated to the growth and success of small businesses in the Natural State.<\/p>","protected":false},"excerpt":{"rendered":"<p>Substantial SBA loan product enhancements will be available The Arkansas Capital Corporation Group\u2019s Chief Executive Officer C. Sam Walls on Friday highlighted enhancements to the Small Business Jobs Act of 2010 which will have the greatest impact on Arkansas\u2019s small business owners. \u201cThese enhancements are the most impactful I\u2019ve seen in my 20 years of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[110],"tags":[],"class_list":["post-138502202","post","type-post","status-publish","format-standard","category-lending-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arkansas Businesses Will Benefit from Small Business Jobs Act of 2010 | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acccapital.com\/hi\/arkansas-businesses-will-benefit-from-small-business-jobs-act-of-2010\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arkansas Businesses Will Benefit from Small Business Jobs Act of 2010 | ACC Capital\" \/>\n<meta property=\"og:description\" content=\"Substantial SBA loan product enhancements will be available The Arkansas Capital Corporation Group\u2019s Chief Executive Officer C. 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