Organization and Operation of the Small Business Administration (SBA's Role: Present and Future).: Hearings, Eighty-ninth Congress, Second Session, Volume 1U.S. Government Printing Office, 1966 - 298 pages |
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agency Area Code Area Code 703 area office banks BOUTIN budget Bureau BURRELL Business Development Centers business loans CHAIRMAN committee concerned CONGRESS THE LIBRARY Congressman contracts corporations counseling Defense Department of Commerce direct loan disaster loans Economic Opportunity Economic Opportunity Act established export Federal field offices financing foreign trade funds going guarantee loan HORTON Hurricane Betsy increase industry interest investment July June June 25 June 30 lending loan applications loan program management assistance manufacturing MAURICE WILLIAMS ment million MITCHELL MULTER ness operation participation loans percent personnel President problems procurement recommendations record regional director regional office Ross Davis rural SBA loans SBA's SBDC SBDC's SCHULTZE set-aside Small Business Act Small Business Administration Small Business Development small businessmen small firms statement Thank tion U.S. Government Washington
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Page 90 - Agriculture. (b) In carrying out the provisions of this title, the Commissioner is authorized to request the technical assistance and cooperation of the Department of Labor, the Office of Economic Opportunity, the Department of Housing and Urban Development. the Department of Transportation, and such other departments and agencies of the Federal Government as may be appropriate.
Page 242 - To promote commerce and encourage economic growth by supporting State and Interstate programs to place the findings of science usefully In the hands of American enterprise...
Page 38 - It is the declared policy of the Congress that the Government should aid, counsel, assist, and protect insofar as is possible the interests of small-business concerns in order to preserve free competitive enterprise...
Page 55 - Loans made pursuant to section 402 (including immediate participation in and guaranties of such loans) shall have such terms and conditions as the Director shall determine, subject to the following limitations — (a) there is reasonable assurance of repayment of the loan; (b) the financial assistance is not otherwise available on reasonable terms from private sources or other Federal, State, or local programs ; (c) the amount of the loan, together with other funds available, is adequate to assure...
Page 64 - Administration may also fix such uniform fees for the processing of applications for guarantees under this section as the Administrator determines are reasonable and necessary to pay the administrative expenses that are incurred in connection therewith. (c) In connection with the guarantee of rentals under any lease pursuant to authority conferred by this section, the Administrator may require, in order to minimize the financial risk assumed under such guarantee — (1) That the lessee pay an amount...
Page 55 - Interest at a rate not less than (1) a rate determined by the Secretary of the Treasury, taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity, plus (2) such additional charge, if any, toward covering other costs of the program as the Administrator of the Small Business Administration may determine to be consistent with Its purposes...
Page 63 - LEASE GUARANTEES Authority of the Administration. Section 401 (a). The Administration may, whenever it determines such action to be necessary or desirable, and upon such terms and conditions as it may prescribe, guarantee the payment of rentals under leases of commercial and industrial property entered into by small business concerns to enable such concerns to obtain such leases.
Page 54 - ... of the Small Business Administration may defer payments on the principal of such loans for a grace period and .use such other methods as he deems necessary and appropriate to assure the successful establishment and operation of such concern. The Administrator of the Small Business Administration...
Page 64 - Administration by section 201 of this Act, the Administrator and the Administration shall have, in the performance of and with respect to the functions, powers, and duties conferred by this title, all the authority and be subject to the same conditions prescribed in section 5(b) of the Small Business Act with respect to loans, including the authority to execute subleases, assignments of lease and new leases with any person, firm, organization, or other entity, in order to aid in the liquidation of...
Page 54 - STATEMENT OF PURPOSE SEC. 401. It is the purpose of this title to assist in the establishment, preservation, and strengthening of small business concerns and improve the managerial skills employed in such enterprises ; and to mobilize for these objectives private as well as public managerial skills and resources.