President Is Delivering for Small Business.

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  • Source:
    San Diego Business Journal. 3/14/2005, Vol. 26 Issue 11, p38-39. 2p.
  • Additional Information
    • Subject Terms:
      CLOSE corporations; SMALL business loans; SMALL business banking; SMALL business; PURCHASING; SIZE of industries
    • Subject Terms:
      UNITED States
    • Abstract:
      The article stresses that the U.S. President is delivering for small business. Through late February 2005, the flagship 7(a) loan program, used mainly for business operations, approved 29 percent more loans than the same period in 2004. Even better, it now operating this program on a zero-subsidy rate, ensuring long-term stability of the program and eliminating taxpayer subsidy. Loans under our 504 program, used mainly for the purchase of real estate and capital equipment, are up 18 percent in fiscal 2005 over the same period in fiscal 2004. Loans to blacks and women under 7(a) and 504 are up 59 percent and 53 percent, respectively.