The Small Business Administration was created by the Small Business Act of 1953 (67 Stat. 232), and derives its present existence and authority from the Small Business Act (72 Stat. 384; 15 U.S.C. 631 et seq.), as amended. It also derives its authority from the Small Business Investment Act of 1958 (72 Stat. 689; 15 U.S.C. 661), as amended, the Disaster Relief Act of 1970 (84 Stat. 1744; 42 U.S.C. 4401 et seq.), and section 9 of the act of April 20, 1973 (87 Stat. 24). The Secretary of Commerce has delegated to the Administration certain responsibilities and functions under section 202 of the Public Works and Economic Development Act of 1965 (79 Stat. 556; 42 U.S.C. 3142), as amended, and is further authorized to delegate to the Administration certain responsibilities and functions under chapter 3 of the Trade Act of 1974 (88 Stat. 1978; 19 U.S.C. 2101).

Functions and Activities

FINANCIAL ASSISTANCE

The Small Business Administration provides guaranteed, direct, or lender participation loans to small business concerns to help them finance plant construction, conversion, or expansion; and acquire equipment, facilities, machinery, supplies, or materials. SBA also provides them with working capital. The agency makes, participates in, or guarantees economic opportunity loans. Included under this program is special assistance to Vietnam-era veterans. Since enactment of the act of June 4, 1976 (90 Stat. 663), farming enterprises are included within the

term "small business concerns."

The victims of floods, riots, civil disorders, and other catastrophes are provided with loans to aid them in repairing, rebuilding, or replacing their homes, businesses, or other property.

Loans are provided to assist small businesses which have sustained substantial economic injury resulting from a major disaster or such natural disasters as excessive rainfall or drought; have been economically injured by a federally aided urban renewal or highway construction program, or by any construction program conducted with Federal funds; or who may suffer substantial economic injury as the result of meeting requirements imposed pursuant to any Federal law, or any law, regulation, or order of a duly authorized Federal, State, regional, or local agency issued in conformity with such Federal law, such as the Coal Mine Health and Safety Act, the Occupational Safety and Health Act, the Egg Products Inspection Act, the Wholesome Meat Act, and the Poultry Products Act; and those who have suffered economic injury as a result of their inability to process or market a product for human consumption because of disease or toxicity occurring in the product through natural or undetermined causes, and to livestock and poultry raisers who have suffered economically as a result of animal disease.

The agency is authorized to make loans to assist small firms in meeting Federal water pollution standards and to make special loans to handicapped individuals and nonprofit organizations employing the handicapped in the production of goods or services. A new program, expected to begin in 1977, will help some small businesses obtain long-term, low-interest financing via municipal tax-exempt bonds for pollution abatement. Also, the SBA assists small business concerns which, as a result of an international agreement limiting the development of strategic arms or the installation of such facilities, are likely to suffer substantial economic injury because of a significant reduction of the scope or the amount of Federal support for a project. Likewise, small businesses that have suffered or will suffer as a result of the closing by the Federal Government of

major military installations, or as a result of a severe reduction in the scope and size of operations, may qualify for assistance. Finally, SBA may make loans to small firms suffering economic injury as the result of energy shortages.

Under provisions of sections 501 and 502 of the Small Business Investment Act, loans are made to State and local development companies, which, in turn, assist small business concerns. The agency guarantees to surety companies up to 90 percent of losses incurred on surety bonds issued to small contrac

tors.

INVESTMENT ASSISTANCE

For the purpose of improving and stimulating the national economy and the small business segment, the SBA licenses, regulates, and provides financial assistance to small business investment companies (SBICs), and 301 (d) licensees (formerly minority enterprise small business investment companies). The sole function of these investment companies is to provide venture capital in the form of equity financing, long-term loan funds, and management services to small business concerns.

PROCUREMENT ASSISTANCE

The Small Business Administration works closely with purchasing agencies of the Federal Government and with the Nation's leading contractors in developing policies and procedures that will increase the number of contracts going to small business.

The SBA provides a wide range of services to small firms to help them obtain and fulfill government contracts and subcontracts. The agency, under the authority of section 8(a) of the Small Business Act, is empowered to enter into contracts with other Federal agencies and to subcontract the performance of work to profit-oriented small business concerns owned and controlled by persons determined by SBA to have been adversely affected by social or economic factors. It sets aside suitable government purchases for competitive award to small business

concerns; and provides an appeal procedure for a low bidding small firm whose ability to perform a contract is questioned by the contracting officer. It develops subcontract opportunities for small businesses by maintaining close contact with prime contractors and referring qualified small firms to them. SBA cooperates with other Government agencies in assuring that small firms obtain a fair share of Government property, such as timber, that is sold to the private sector. Additionally SBA works with other Federal agencies to assure that small firms have a fair opportunity to purchase surplus Government property.

TECHNOLOGY ASSISTANCE

The SBA helps small businesses benefit from research and development performed by other Federal agencies under Government contracts or at Government expense. The SBA provides services, such as computerized literature searches, designed to acquaint small businesses with available technology and help select the relevant portions. It also publishes annually the Science Engineering, Research and Development Directory of small businesses to help them obtain Federal Government contracts for research and development. In addition, experimental projects, such as an enhanced procurement source location process, are conducted to improve the ability of small businesses to compete more effectively for Federal Government contracts.

MANAGEMENT ASSISTANCE

The SBA cosponsors courses and conferences, prepares informational leaflets and booklets, and encourages

research into the management prob

lems of small business concerns. It counsels and conducts management workshops and courses for established as well as prospective businessmen, and enlists the volunteer aid of retired and active executives to assist small businessmen to overcome their management problems. It contracts with col

lege and university schools of business for counseling services and training by qualified students, and contracts for management and technical services for businesses qualifying for assistance under the call contracting program. The agency counsels interested small firms on the major aspects of importing and exporting, and works with other agencies to generate export activity and opportunities.

MINORITY SMALL BUSINESS

The main objective of the Minority Small Business (MSB) program is to help close the gap in business ownership between minority individuals and other Americans. SBA has combined its efforts with those of private industry, banks, local communities, and other Government agencies to substantially increase the number of minorityowned, operated, and managed businesses, and alsɔ to improve the chances for success of those businesses.

In its field offices, MSB representatives, in cooperation with local business development organizations, describe to potential minority entrepreneurs how all of the services and programs of SBA are available to help them become or remain successful business managers. The MSB field representative becomes a catalyst, the applicant's "advocate," in advising and helping with the development of financial statements, business projections, and other related material. Assistance is also given, where needed, in preparing formal loan applications.

The MSB program counsels and assists minority individuals and groups. in taking advantage of all of the agency's financial, procurement, and management assistance programs. These programs are identified more specifically here, in their respective sections. The MSB program also has an active plan to aid minority contractors in locating and coordinating available help at all levels from both private and public sources, in order to grow and improve their productive capabilities.

Region

1. Boston, Mass. 02203. Boston, Mass. 02203.. Holyoke, Mass. 01040. Augusta, Maine 04430. Concord, N.H. 03301. Hartford, Conn. 06103. Montpelier, Vt. 05602. Providence, R.I. 02903. II. New York, N.Y. 10007. New York, N.Y. 10007. Buffalo, NY 14202.. Hato Rey, P.R. 00918. Newark, N.J. 07102. Syracuse, N.Y. 13202. Elmira, N.Y. 14904. Albany, N.Y. 12207. Rochester, N.Y. 14604. Camden, N.J. 08104..

St. Thomas, Virgin Islands. III. Bala Cynwyd, Pa. 19004. Bala Cynwyd, Pa. 19004. Charleston, W. Va. 25301. Clarksburg, W. Va. 26301.

Harrisburg, Pa. 17108.
Pittsburgh, Pa. 15222.
Richmond, Va. 23240.
Towson, Md. 21204.
Washington, D.C. 20417.
Wilkes-Barre, Pa. 18701.
Wilmington, Del. 19801.

IV. Atlanta, Ga. 30309.

Atlanta, Ga. 30309.
Biloxi, Miss. 39530.
Birmingham, Ala. 35205.
Charlotte, N.C. 28202..
Columbia, S.C. 29201.
Coral Gables, Fla. 33134.
Tampa, Fla. 33607.
Greenville, N.C. 27834.
Jackson, Miss. 39205.
Jacksonville, Fla. 32202.
Knoxville, Tenn. 37902.

Louisville, Ky. 40202.

Nashville, Tenn. 37219.

Memphis, Tenn. 38103.

West Palm Beach, Fla. 33402-
V. Chicago, Ill. 60604..

Chicago, Ill. 60604.
Cincinnati, Ohio 45202.
Cleveland, Ohio 44199.
Columbus, Ohio 43215.
Detroit, Mich. 48226.
Indianapolis, Ind. 46204.
Madison, Wis. 53703.
Eau Claire, Wis. 54701
Marquette, Mich, 49855.
Milwaukee, Wis. 53233.
Minneapolis, Minn. 55402.
Springfield, Ill. 62701..
VI. Dallas Tex. 75202.

Dallas, Tex. 75202.
Albuquerque, N.Mex. 87110.
El Paso, Tex. 79901.
Houston, Tex. 77002.
Little Rock, Ark. 72201.

Lower Rio Grande Valley-Harlington,
Tex. 78550.

Corpus Christi, Tex. 78408.
Lubbock, Tex. 79408.

Officer in Charge

(Vacancy) RD.

Albert J. Prendergast, DD.
Paul Bouchard, IC..
Thomas A. McGillicuddy, DD.
Bert F. Teague, DD..
Thomas E. Higgins, DD.
David C. Emery, DD.
Charles G. Fogarty, DD.
(Vacancy) RD.

Woodie G. Williams, DD.
Franklin J. Sciortino, BM.
Antonio Yordan, DD..
Andrew P. Lynch, DD.
J. Wilson Harrison, DD.
William G. McDevitt, BM_
William V. Tierney, IC.
Leonard R. Hockin, IC.
Graham Bowers, IC.
Lionel Baptiste, IC.
(Vacancy) RD.

William B. Patterson, DD.
Edward G. Zimmerman, BM.
Isaac R. Mayfield, DD.
Glenn E. Williams, BM.
Jack C. Forbes, DD.

Raymond P. Kuttenkuler, DD..
Gerald J. Lang, DD.
Leon J. Bechet, DD.
Andrew J. Markunas, BM.
Frank L. Leonard, BM..
Wiley S. Messick, RD.
John D. Sewell, DD.
Charles L. Ferguson, BM.
James C. Barksdale, DD..
George W. Marschall, DD
Vern F. Amick, DD.
Thomas A. Butler, DD.
John W. Francis, IC.
(Vacancy) IC..
Ardis Jones, DD..
Douglas E. McAllister, DD_
Lester McDaniel, BM.
R. B. Blank nship, DD.
William J. L. Shaver, DD.
Overton A. High, Jr., IC.
Milton Swartz, IC..
H. L. Aronson, Jr., RD.
John L. Smith, DD.
Cecil G. Boatweight, BM.
Sidney C. Hemming, Jr., DD.
Frank D. Ray, DD.

Ray Harshman, DD.
William F. Miller, DD.
Lucian G. Schlimgen, Jr., DD.
Charles E. Deeds, IC.
William R. Jeeves, BM.
Spencer T. Thomas, BM.
Paul W. Jansen, DD.
John R. Mulvaney, BM.
Frederick S. Neumann, RD.
Emly S. Atkinson, DD.
Anthony Panagakos, DD.
Conrad P. Ramirez, BM_
John L. Carey, DD..
Maurice L. Britt, DD.
James R. Woodall, DD.

Address

150 Causeway St.
150 Causeway St.
302 High St.
40 Western Ave.
55 Pleasant St.
1 Financial Plaza.
87 State St.
57 Eddy St.

26 Federal Plaza.
26 Federal Plaza.
111 W. Huron St.
Carlos Chardon Ave.
970 Broad St.
100 S. Clinton St.
180 State St.

99 Washington Ave.
100 State St.
1800 E. Davis St.
Franklin Bldg.

1 Bala Cynwyd Plaza.
1 Bala Cynwyd Plaza.
Charleston National Plaza.
109 N. 3d St.

1500 N. 2d St.

1000 Liberty Ave.

400 N. 8th St.

7800 York Rd.

1030 15th St. NW.

20 N. Pennsylvania Ave.
844 King St.

1401 Peachtree St. NE.
1401 Peachtree St. NE.
111 Fred Haise Blvd.
908 S. 20th St.
230 S. Tryon St.

1801 Assembly St.

2222 Ponce de Leon Blvd.

1802 N. Trask St.

215 S. Evans St.

200 E. Pascagoula.

400 W. Bay St. 502 S. Gay St.

600 Federal Place.

404 James Robertson Pkwy. 211 Federal Office Bldg. 701 Clematis St. 219 S. Dearborn St. 219 S. Dearborn St. 550 Main St.

1240 E. 9th St. 34 N. High St. 477 Michigan Ave.

575 N. Pennsylvania St.

122 W. Washington Ave.
500 S. Barstow St.
540 W. Kaye Ave.

735 W. Wisconsin Ave.

12 S. 6th St.

1 N. Old State Capitol Plaza.

1720 Regal Row.

1100 Commerce St.

5000 Marble Ave. NE.

4100 Rio Bravo St.

500 Dallas St.

611 Gaines St.
222 E. Van Buren.