Small Business Disaster Loans, Hearing Before ..., 85-2 on S.2918, S.2920, and S.2959 ..., January 22, 1958

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Page 4 - Administration also is empowered — "(1) 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 because of floods or other catastrophes...
Page 4 - An Act to authorize Federal assistance to States and local governments in major disasters, and for other purposes...
Page 4 - ... years: Provided, That the Administrator may consent to a suspension in the payment of principal and interest charges on, and to an extension in the maturity of, the Federal share of any loan under this subsection for a period...
Page 29 - Major disaster" means any flood, drought, fire, hurricane, earthquake, storm, or other catastrophe in any part of the United States which, in the determination of the President, is or threatens to be of sufficient severity and magnitude to warrant disaster assistance by the Federal Government to supplement the efforts and available resources of States...
Page 7 - We have been advised by the Bureau of the Budget that it would interpose no objection to submission of this report to your committee. Sincerely yours, FREDERICK M.
Page 18 - ... injury incurred. In addition, private credit to the extent obtainable on reasonable rates and terms must be used prior to obtaining disaster loan assistance from SBA. Loans may be used for working capital, to...
Page 4 - An Act to abolish the Regional Agricultural Credit Corporation of Washington, District of Columbia, and transfer its functions to the Secretary of Agriculture, to authorize the Secretary of Agriculture to make disaster loans, and for other purposes', approved April 6, 1949, as amended (12 USC, sees.
Page 38 - ... educational organizations to reach the same objective. The alleged conspiracy, also, is a figment of imagination. I am at a loss to understand what factual basis there could conceivably be for the allegations apparently made by the director of research against the American Council on Education. I shall be glad to answer questions, to the best of my ability and knowledge, about any of the Council's operations. As I indicated at the outset, we welcome the opportunity to assist the Committee in...
Page 4 - ... drought" where it occurs elsewhere the words "or excessive rainfall".
Page 26 - November in Dun's Review. It pointed out that: Business Failures * * * in September exceeded those of any September since 1933. Numbering 1,071, they were 15 percent heavier than in September of 1956, the sharpest rise over year-ago levels since last April. In the first 9 months of 1957, a total of 10,364 businesses failed — 9 percent more than in the first three quarters of 1956.

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