Sarah Huckabee Sanders and her husband, Bryan Sanders, are launching a new nonprofit – Arkansas 30 Day Fund – to help struggling state businesses bridge a financial gap while waiting on assistance to work through the red tape of government relief programs.
The fund, modeled off a similar nonprofit in Virginia, would provide small forgivable loans to Arkansas-based small businesses with three to 30 employees. Eligible businesses must be in operation for more than one year and owned by Arkansans.
Huckabee Sanders tells Talk Business & Politics that forgivable loans of up to $3,000 will be offered to help with payroll, healthcare, or other short-term needs due to federal programs being backlogged with requests. The goal is to help preserve jobs in the short-run while waiting for applications to clear the red tape of federal funding.
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