Brokerages Get Financing Help
By Robert Freedman, Senior Editor, REALTOR® Magazine
Much of what NAR gets involved in at the federal level is high-profile, like protecting the mortgage interest deduction, but the association on a daily basis is involved in initiatives that fly below the radar yet pack a big punch.
A new loan program from the Small Business Administration is a case in point. Although the association didn’t have a hand in the introduction of ARC loans–the “ARC” stands for America’s Recovery Capital–it’s been engaging with SBA leadership on who should be eligible for these loans.
If you haven’t heard about these loans yet, it’s worth your time to check them out. I posed questions about these and other SBA loans to Scott Rinn, NAR’s senior policy analyst on business issues, and you might find what he said useful.
