Description
Excerpt from Review of Sba 504 Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session, Washington, DC, March
We also use the 504 Pro am to enhance bank liquidity. Our por tion of the 504 loans can e sold into the secondary market, and we are also able to entice other banks to cooperate with us on loan participations because of the high quality of these loans.
Does the 504 Program provide real benefit to the economy and the taxpayers? In my Opinion, yes. The 504 Programs in which Northwest National Bank has been involved have resulted in the following: One, they have put in somewhere between $11 and $15 million worth of work for contractors and the related businesses that spin off of that. Sba 504 loans have enabled our customers to grow larger and become more efficient, which has resulted in larger and better customers for the bank. We have seen the cre ation of new jobs. We have also seen growth in the local tax base because of the new facilities that have been put up. Sba 504 loans also create high-quality, low-risk loans for the bank.
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This 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.
We also use the 504 Pro am to enhance bank liquidity. Our por tion of the 504 loans can e sold into the secondary market, and we are also able to entice other banks to cooperate with us on loan participations because of the high quality of these loans.
Does the 504 Program provide real benefit to the economy and the taxpayers? In my Opinion, yes. The 504 Programs in which Northwest National Bank has been involved have resulted in the following: One, they have put in somewhere between $11 and $15 million worth of work for contractors and the related businesses that spin off of that. Sba 504 loans have enabled our customers to grow larger and become more efficient, which has resulted in larger and better customers for the bank. We have seen the cre ation of new jobs. We have also seen growth in the local tax base because of the new facilities that have been put up. Sba 504 loans also create high-quality, low-risk loans for the bank.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This 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.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
U. S. Committee on Small Business
Published Date -
ISBN - 9780265615126
Dimensions - 22.9 x 15.2 x 0.5 cm
Page Count - 93
Paperback
Contributors
Author
U. S. Committee on Small Business
Published Date -
ISBN - 9781330412350
Dimensions - 22.9 x 15.2 x 0.5 cm
Page Count - 95
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