Tiber Creek Go Public Logo. Learn How To Go Public
GOING PUBLIC REPORT
Reverse Merger & Public Shell Information
Raise Capital  on Wall Street.
  Contact Us 310-888-1870  
Sign Up Now
Go Public Report
& Newsletter
Name
Email
Validation Number: 45692


Enter the validation number you see above to receive our information. Please check your spam folder too.


Tiber Creek Corporation
9454 Wilshire Blvd. 6th Fl.
Beverly Hills, CA 90210
310-888-1870
310-888-1856 fax
Click here to email us
Receive news via our
XML/RSS feeds

 

SBA (Small Business Administration)

Going Public and Public Shells Free Report

The Investment Company Act of 1958 established the Small Business Investment Company (SBIC) Program, under which SBA licensed, regulated and helped provide funds for privately owned and operated venture capital investment firms. They specialized in providing long-term debt and equity investments to high-risk small businesses. Its creation was the result of a Federal Reserve study that discovered, in the simplest terms, that small businesses could not get the credit they needed to keep pace with technological advancement.

Concern for small business intensified during World War II, when large industries beefed up production to accommodate wartime defense contracts and smaller businesses were left unable to compete. To help small business participate in war production and give them financial viability, Congress created the Smaller War Plants Corporation (SWPC) in 1942. The SWPC provided direct loans to private entrepreneurs, encouraged large financial institutions to make credit available to small enterprises, and advocated small business interests to federal procurement agencies and big businesses.

The SWPC was dissolved after the war, and its lending and contract powers were handed over to the RFC.  At this time, the Office of Small Business (OSB) in the Department of Commerce also assumed some responsibilities that would later become characteristic duties of the SBA.  Its services were primarily educational.  Believing that a lack of information and expertise was the main cause of small business failure, the OSB produced brochures and conducted management counseling for individual entrepreneurs.

Congress created another wartime organization to handle small business concerns during the Korean War, this time called the Small Defense Plants Administration (SDPA). Its functions were similar to those of the SWPC, except that ultimate lending authority was retained by the RFC. The SDPA certified small businesses to the RFC when it had determined the businesses to be competent to perform the work of government contracts.

By 1952, a move was on to abolish the RFC. To continue the important functions of the earlier agencies, President Dwight Eisenhower proposed creation of a new small business agency -- the Small Business Administration (SBA).

In the Small Business Act of July 30, 1953, Congress created the Small Business Administration, whose function was to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns". The charter also stipulated that the SBA would ensure small businesses a "fair proportion" of government contracts and sales of surplus property.

By 1954, SBA already was making direct business loans and guaranteeing bank loans to small businesses, as well as making loans to victims of natural disasters, working to get government procurement contracts for small businesses and helping business owners with management and technical assistance and business training.

 

Contact Us
Going Public Agreement Handshake.
Other Services
How To Raise CapitalInvestor RelationsOur MissionThe Ultimate Go Public Strategy
Joint Venture and StrategyIPO Insight LinksDefinitionsReverse Merger
Public ShellMarket Makers IPO Initial Public Offering Go Public Insights
S-1 Registration Statement Our Firm • Go Public Glossary Site Map
Raise CapitalPublic CompanyRegulation D15c211
 
website counter