New Sources of Financing for Minority Enterprises: Hearing Before the Subcommittee on Small Business of the Committee on Banking, Housing and Urban Affairs, United States Senate, Ninety-fourth Congress, Second Session, on S. 1124 ... May 11, 1976
United States. Congress. Senate. Committee on Banking, Housing and Urban Affairs. Subcommittee on Small Business
U.S. Government Printing Office, 1976 - Minority business enterprises - 23 pages
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70 percent Administration agreement approach assistance assume base basic believe bill book value business assets Chairman chance commercial banks consideration Corp corporation cost deal debt determination develop disadvantaged economic effect encourage equity capital equity investment equity securities Existing experience expiration extended field financing firms five funds Government growth guarantee hearing important increase interest investment companies investor kind legislation Lewis limited loans loss magazine managed ment MESBIC minority business minority enterprises minority entrepreneurs minority groups necessary normally offer Opportunity Funding ownership participation percentage period persons potential present president prior problems programs proposed publisher purchase raise reasonable record relationship represented respect risk securities Senator Buckley Senator Morgan shares small business concerns sources Staff statement subsection success suggest Thank tion venture capital Weingarten
Page 5 - to be payable at such time and under such conditions as may be determined by the Administration. Such fee shall be subject to periodic review in order that the lowest fee that experience under the program shows to be justified will be placed into effect. The Administration shall also fix such uniform fees for the processing of applications for guarantees under this
Page 4 - by persons whose participation in the free enterprise system is hampered because of social or economic disadvantages,
Page 1 - To amend the Small Business Act to assist in the financing of small business concerns owned by persons who are disadvantaged because of certain social or economic considerations.
Page 5 - The Administration shall fix a uniform fee which it deems reasonable and necessary for any guarantee issued under
Page 5 - as it determines are reasonable and necessary to pay administrative expenses incurred in connection therewith.".
Page 4 - section 7 of the Small Business Act is amended by adding at the
Page 15 - Mr. LEWIS. Thank you, Mr. Chairman, for giving me this opportunity to share some thoughts with
Page 3 - would amend the Small Business Act to authorize the Small Business Administration (SBA) to