Sba's Pilot Microloan Program

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Excerpt from Sba's Pilot Microloan Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session, Washington DC, March 14, 1995This program was expanded last year to increase the number of intermediaries from 35 to 101. The number of technical assistance providers has increased, as has the aggregate amount of sba fund ing available to intermediaries. In addition, a pilot guarantee-based program was added.It is our purpose today to examine this pilot project and see if it has fulfilled its stated mission of providing very small loans to business owners, loans that would not have otherwise been avail able through conventional lending sources. Furthermore, we will look at the technical assistance provided to see if it is making a dif ference in the small business success.Our witnesses will be grouped into two panels and the first panel will consist of the program managers from sba and the second will consist of lenders, technical assistance providers and a borrower.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.