Oversight-Sba 7(a) Lending Program

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Excerpt from Oversight-Sba 7(a) Lending Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session, Washington, DC, January 25, 1995Unfortunately, even this amount of aid appears to be insufficient. Despite these actions, as we will hear from our witnesses, demand has continued at a rate which would have drained the program by July. As our senior Members will recall in the last Congress, the committee worked on and adopted a number of modifications to the 7(a) Program designed to make it more cost efficient while retain ing program level. While these changes were effective, it is clear that many of the same budget problems still exist. We cannot ex peet any supplemental funds to tide the 7(a) Program over.The testimony we will hear today will discuss the current short fall, the remedies that have been taken, and what future measures may need to be taken to ensure the continued viability of this pro gram. I will say this, I am committed to moving forward to solve this program's problems and I will commit this committee to the same end.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.