Procurement installations where joint set-asides for small business were made during the first nine months of fiscal year 1957

Procurement installations where joint set-asides for small business were made during the first nine months of fiscal year 1957—Continued

Rome Air Force Depot, Griffiss Air Force Base---- Rome, N. Y.
Air Materiel Command__

Procurement installations where joint set-asides for small business were made during the first nine months of fiscal year 1957—Continued

Civil Aeronautics Administration, field offices. Washington, D. C.; Los An

EXHIBIT E

Report of Small Business Administration joint set-aside program cumulative from Aug. 1, 1953, through Mar. 25, 1957

Certificates of competency-Origin and disposition of applications, Aug. 1, 1953, through Mar. 31, 1957

Certificates of competency as of Mar. 31, 1957

Summary of SBA certifications:

Not yet awarded contracts__

Active certificates with contracts ahead of or on schedule__
Active certificates with contracts behind schedule_.
Certificates with procurement withdrawn....

Certificates with contract awarded others-

Contracts canceled__

Certificates with contracts terminated.

Certificates with contracts completed__

Case closed because company became big business---.

Total number of certificates issued_____

14

53

27

4

17

3

12

152

2

274

1 Contracts awarded to other than the certified firm because of factors involving other than production or financial capacity of the certified firm.

PROGRAMS OF FINANCIAL ASSISTANCE TO SMALL BUSINESS, APRIL 1957

INTRODUCTION

The Small Business Administration was established by the Small Business Act of 1953 (Public Law 163, 83d Cong.) enacted on July 30, 1953, and signed the same day by the President. The original act was amended in 1955 by Public Law 268 of the 84th Congress effective July 31, 1955. This is the first independent Government agency created to serve and represent all small businesses both in peacetime and in periods of national emergency. Its activities are designed to help small business (1) gain access to adequate capital and credit; (2) obtain a fair share of Government procurement; (3) obtain competent management, technical, and production counseling.

Many of the programs conducted by the Small Business Administration were inherited from agencies which were formerly in operation. The authority to make business loans to small-business concerns as well as loans to assist victims of floods and other disasters were powers formerly exercised by the Small Defense Plants Administration and the Reconstruction Finance Corporation.

The Small Business Administration has been given a far more extensive scope of operations than its immediate predecessor, the Small Defense Plants Corporation. In addition to being charged with SDPA's broad powers and responsibilities with respect to procurement and various other activities designed to assist small businesses and protect its interests, SBA has been given the authority to make business loans on its own account to small-business concerns as well as loans to assist victims of floods and other disasters. These latter two powers were formerly held by the Reconstruction Finance Corporation. In addition to a broadened scope of powers and responsibility, as compared with SDPA, the Small Business Administration has been given a greatly enlarged range of operations. SDPA could only recommend loans to be made by RFC for purposes primarily confined to defense manufacturing and essential civilian industry. SBA's responsibilities to make direct and participating loans include all types of small-business enterprises such as mining, construction, and transportation firms and those engaged in distribution, retailing, and numerous service trades and industries which are in the public interest.

In the area of financing, the Small Business Administration recognizes that its task is to obtain for small-business firms adequate sources of capital as well as credit on reasonable terms when it is not available from private sources. Its program of financial assistance is designed to stimulate and preserve the initiative, independence, and enterprise of small firms. The basic consideration in this program is that small-business concerns generally are at a competitive disadvantage compared with large businesses because (a) they are frequently unable to afford specialized financial management and (b) they are often unable to obtain from private sources the intermediate and long-term credit required for general progress and normal growth. Paramount in SBA's function is its financial counseling assistance made available to all small firms, directing them to private sources of credit, thus minimizing the need for Government credit, and in finding solutions to other financial problems when the need for additional outside financing is not indicated.

The Small Business Act of 1953 empowered the Small Business Administration to make loans to enable small-business concerns to finance plant construction,