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discuss their financial problems with loan specialists, 45 loan appll -
cations were handed out and three applications are nearly ready for
approval.
If this program proves successful, It Is Intended to estab-
1ish a similer program in several other citles, Including Boston, New
York, Chicago, Los Angeles, Detroit, and Washington, D. C. The pllot
project may Indicate that legislation will be required to liberalize
SBA's lending authority for nationwide operation. We will not know
whether this is absolutely necessary until we have several months of
experience with the Philadelphia project.
Respectfully yours,
(Signed) Eugene P. Foley
Eugene P. Foley
Administrator
Document source description
October 1963 memo on blacks appointed to positions in the Ohio state government.
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"ocrText": "discuss their financial problems with loan specialists, 45 loan appll -\ncations were handed out and three applications are nearly ready for\napproval.\nIf this program proves successful, It Is Intended to estab-\n1ish a similer program in several other citles, Including Boston, New\nYork, Chicago, Los Angeles, Detroit, and Washington, D. C. The pllot\nproject may Indicate that legislation will be required to liberalize\nSBA's lending authority for nationwide operation. We will not know\nwhether this is absolutely necessary until we have several months of\nexperience with the Philadelphia project.\nRespectfully yours,\n(Signed) Eugene P. Foley\nEugene P. Foley\nAdministrator"
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