T H E   W H I T E   H O U S E

MEMORANDUM: Providing Loans to Small Businesses Facing High Energy Costs

Help Site Map Text Only

                              THE WHITE HOUSE

                       Office of the Press Secretary

_________________________________________________________________
For Immediate Release                           December 30, 2000



                             December 30, 2000



MEMORANDUM FOR THE ADMINISTRATOR OF THE SMALL BUSINESS ADMINISTRATION

SUBJECT:       Providing Loans to Small Businesses Facing High Energy Costs


Increased demand for energy and a colder than normal winter has led to
higher than normal energy costs.  Because many small businesses lack
significant capital reserves, they may lack the resources or cash flow to
meet higher energy bills.

In order to assist such businesses, I am directing you to begin aggressive
outreach programs to potential borrowers, SBA lenders, and other partners
to make them aware of the SBA lending and technical assistance programs
that are available to assist small businesses that may need assistance in
meeting energy bills.  SBA-guaranteed loans offer eligible small businesses
sufficient cash to continue to meet their immediate energy needs and will
allow them to spread their energy payments over a longer period than the
payment period typically provided by their vendors.




                              WILLIAM J. CLINTON




                                 # # #


President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House
White House for Kids | White House History
White House Tours | Help | Text Only

Privacy Statement