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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.

Page data

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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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