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Loebsack announces loan program

More help for Iowas citizens and businesses from Capitol Hill. Congressman Dave Loebsack recently announced the Americas Recovery Capital, or ARC, program to allow small businesses to take out 35 thousand dollars to pay down existing business debts. Loebsack says the economic downturn and last years record floods are major reasons for putting forth this program. The act went into effect yesterday and is expected to help many areas, especially Columbus Junction whose downtown area was nearly completely submerged by floodwaters.