Credit Needs of Small Business: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-fifth Congress, First Session [-second Session], on Various Bills to Amend the Small Business Act of 1953, as Amended, Part 1U.S. Government Printing Office, 1957 - 714 pages Considers legislation to establish SBA as a permanent agency; to provide for formation of private and Federal Reserve System national investment companies to aid small businesses; to authorize SBA loans to nonprofit organizations; to assist state small business programs; and to authorize S. |
From inside the book
Results 1-5 of 100
Page 20
... position or engaging in activities which the Administration shall have determined involve discretion with respect to the grant- ng of assistance under this Act ; and ( 3 ) furnish the names of lending institu- tions to which such ...
... position or engaging in activities which the Administration shall have determined involve discretion with respect to the grant- ng of assistance under this Act ; and ( 3 ) furnish the names of lending institu- tions to which such ...
Page 54
... position to allocate loanable funds among different borrowers in the market , such allocation under our free enterprise system being the proper function of the commercial banks and other lending institutions . The Federal Reserve System ...
... position to allocate loanable funds among different borrowers in the market , such allocation under our free enterprise system being the proper function of the commercial banks and other lending institutions . The Federal Reserve System ...
Page 57
... position to evaluate the adequacy of the maximum premium rate of 12 percent on insured loans , and for this reason we cannot comment on the probable effectiveness of S. 720. We do urge , however , that if S. 720 is to receive favorable ...
... position to evaluate the adequacy of the maximum premium rate of 12 percent on insured loans , and for this reason we cannot comment on the probable effectiveness of S. 720. We do urge , however , that if S. 720 is to receive favorable ...
Page 58
... position to control the awarding of Government con- tracts to small business concerns by a finding that such action would " insure a well - balanced national economy . " In the absence of specific language setting forth the manner and ...
... position to control the awarding of Government con- tracts to small business concerns by a finding that such action would " insure a well - balanced national economy . " In the absence of specific language setting forth the manner and ...
Page 60
... position with respect to the passage of these bills . The bill offered by myself , S. 55 , simply extends the Small Business Act of 1953 and makes permanent the Small Business Administration . I have felt for some time this should not ...
... position with respect to the passage of these bills . The bill offered by myself , S. 55 , simply extends the Small Business Act of 1953 and makes permanent the Small Business Administration . I have felt for some time this should not ...
Common terms and phrases
$1 million activities agency Air Force amended American Bankers Association amount applications approved Arkansas authority bankers Banking and Currency BARNES basis big business bill borrower BRENNAN business concerns business loans Chairman commercial banks Congress contracts development corporations development credit corporations disaster loans economic employees enterprises equity capital established Federal Reserve Act Federal Reserve banks Federal Reserve System financial assistance financing Government industry interest JENKINS legislation lending Loan Policy Board long-term manufacturing MAXWELL MCCABE ment MULTER national investment company ness OECHSLE offices operation organization percent President problems procurement production proposed purchase purpose revolving fund Secretary securities Senator BUSH Senator CAPEHART Senator CLARK Senator FULBRIGHT Senator SPARKMAN set-asides Small Business Act Small Business Administration small firms small-business concerns statement subcontract technical THOMAS tion Treasury United United States Senate Washington
Popular passages
Page 38 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States of comparable maturities as of the last day of the month preceding the issuance of such notes or other obligations.
Page 20 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or for any applicant any loan, or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release, or substitution of security therefor, or for the purpose of influencing in any way the action of the...
Page 351 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Page 14 - Act, as amended, is amended — (1) by striking out the period at the end of "paragraph (5)" and inserting in lieu thereof " ; and" ; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist any small business concern...
Page 35 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or any regulation or order issued thereunder, it may make application to the appropriate court for an order enjoining such acts or practices, or for an~ order enforcing compliance with such provision...
Page 74 - The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into business, and opportunities for the expression and growth of personal Initiative and individual judgment be assured. The preservation and expansion of such competition is basic not only to the economic well-being but to the security of this Nation.
Page 29 - Corporation or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner...
Page 35 - ... capital for any day of any taxable year shall be determined as of the beginning of such day and shall be the sum of the following : "(1) The amount of the outstanding indebtedness (not including interest) of the taxpayer, incurred in good faith for the purposes of the business...
Page 38 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act as amended, are extended to include any purchase of such notes and obligations.
Page 9 - Sue and be sued in any court of record of a State having general Jurisdiction, or in any United States district court, and Jurisdiction is conferred upon such district court to determine such controversies without regard to the amount in controversy; but no attachment, injunction, garnishment, or other similar process, mesne or final, shall be issued against the Administrator or his property...