U.S. Small Business Administration's Business Development Programs: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session, Washington, DC, March 16, 1995, Volume 4 |
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2361 Rayburn House BICs business assistance Business Committee Room Business Development Center business development programs business education Business Information Centers business plan C.S. Johnson Chair House Small Chairwoman MEYERS Chicagoland COFACE Committee Room 2361 CONGRESS THE LIBRARY cost counseling counselor countries Development Centers SBDC dollars ECGD economic Eximbank export credit insurance export financing France funding Germany growth guarantee Hermes House Office Building House Small Business impact investment Jan Meyers Japan LIBRARY OF CONGRESS Loan Program March 16 million MYERS NYS/SBDC offer Office Building Washington Office of Women's outreach percent Pete Peterson private sector Rayburn House Office risk SBA Office SBA's SBDC program SBDC's SCORE Small Business Administration Small Business Committee Small Business Development small business owners subsidies Thank U.S. SMALL BUSINESS veterans WBDC WNET women business owners Women's Business Development Women's Business Ownership
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Page 130 - ... included with projects and capital goods c) Provides (1) coverage for the period between the signing of the contract and the availability of finance; or (2) coverage for any period or amount which could not be covered by other programs Insurance Specific policy Revolving tingle buyer Comprehensive Fiance UK Japan Germany USA Guarantees Specific guarantee Guarantee for a line of credit G.
Page 92 - Island) make the following point: "If you're small, your front of attack has to be narrow. You'd better focus your business. And if you are focused, you have to find customers for your specialty all over the world in order to recoup your R&D investments."1 1 Herman Simon, Lessons from Germany's Mid-size Giants, Harvard Business Review.
Page 108 - ... for fixed rate export loans have not been considered; they are direct or explicit subsidies. 4.1 Comparison of cumulative deficits Eximbank's latest (1992) cumulative deficit would effectively have amounted to $8.2 billion18 (please see note) in contrast to the ECGD's $7.6 billion and Germany's $7 billon. However, different accounting principles require a closer look. Germany's public sector accounting system does not require provisions for future losses, and COFACE applies insurance principles...
Page 95 - AID. 2. Scope and profile of programs offered 2.1 Responsibilities of involved organizations Each country offers export credit insurance and loan guarantees through its EGA (see above). With the exception of the United Kingdom, all countries also offer direct loans. In Germany, France, and Japan, this is the responsibility of separate, government-owned banks, KfW, BFCE and Eximbank of Japan, respectively. Only the US Eximbank offers...
Page 31 - Chairman and members of the committee, I thank you for this opportunity to come before you and present for your approval an item relating to Senator McKELLAR.
Page 124 - Almost as a side effect, it would reduce bankers' reservations against 'government's involvement" in the private market. This idea has succeeded in Europe; why shouldn't it work in the US? The key is to find those twenty banks. (2) Eximbank's attempt to deliver its programs through SBA's district offices to increase its outreach has not been very effective, according to a report33 by the General Accounting Office. The personnel in those offices are lacking the training, expertise and consequent familiarity...
Page 112 - The French BFCE and Germany's KfW are hardly comparable with Eximbank since they perform a wider range of tasks than the US Eximbank, and are not subject to official ceilings on their commitments. All export credit insurance agencies are in one way or another dependent on their respective parliaments, which fix their liability ceilings. As Appendix IV shows, Japan's cumulative limit24 in 1993 ($521 billion) exceeds the United States...
Page 106 - ... government support for exports to countries whereas the private sector in other countries does not yet require support. A five-year comparison (1987-1991) shows that for each dollar the Japanese government spent, it supported on average $134 dollars in exports. Next to the EID is the US Eximbank with S82 in supported exports per dollar input. The British ECGD supported only about half of what Eximbank did: $40. Germany's and France's low output is a reflection of the concentration of its support...
Page 111 - unless one believes that the period considered falls short of what the GATT code describes as a period of sustained losses, this evidence [the study] indicates that GATT and EC rules are not enforced". 5. Resources and statutory limits Compared with its competitors, the US Eximbank does not have the same financial flexibility. For example, Eximbank Japan has a floating liability ceiling based on its capital and reserves. The US Eximbank, on the contrary, is subject to Congressional budget negotiations...
Page 97 - Japan, it is generally 50%. Among EC countries, it ranges between 30 and 40%, depending on the size of the project For supplies from non-EC countries, it can be much less in France (10 to 30%), and is 30% in Germany and the UK On the other hand, in France it is possible to insure consumables and light equipment with payment terms under 6 months - even if they were manufactured and/or shipped abroad. As a whole, however, EC countries tend to be more restrictive in respect to foreign content coverage....