In an effort to save as many Arkansas jobs as possible during the COVID-19 crisis, Sarah Huckabee Sanders and her husband, Bryan Sanders, on Monday launched the nonprofit Arkansas 30 Day Fund to provide forgivable loans to struggling Arkansas-based small businesses.
The funds disbursed to small businesses by the Arkansas 30 Day Fund are intended to provide immediate financial assistance to meet payroll, preserve healthcare coverage for employees, and save jobs, a news release states. The application process is quick, easy, and free of red tape. The loans do not need to be repaid. If businesses who receive the fund’s assistance do, at a later date, wish to “pay it forward” to another Arkansas small business in need of assistance, they may do so by directing those dollars back to the Fund. The fund will then disburse that funding to another Arkansas business in need.
Arkansas businesses that qualify for assistance from the fund are:
• Small businesses that employ three to 30 people;
• Based in Arkansas and have been operating for at least one year;
• Owned and operated by an Arkansas resident.
Arkansas 30 Day Fund will begin accepting applications for forgivable loans today at: https://www.Arkansas30DayFund.com
"My husband and I have been looking for ways to help people during this crisis and we are encouraged by the tremendous response we have received from Arkansans who want to partner with us in this effort. The Arkansas 30 Day Fund is nonpartisan, and we hope to work with people who may not agree with us on anything other than helping people in our community in need," said Sarah Huckabee Sanders. "It’s about Arkansans helping Arkansans, standing together in a time of crisis, and saving jobs."
According to a recent U.S. Census Bureau report, nearly half of small businesses don’t have enough cash to go more than a month, and more than half are waiting on government assistance.
"Our goal is to bridge that gap and help Arkansas small businesses save jobs now," Sanders said.