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MEMORANDUM: Providing Loans to Small Businesses Facing High Energy Costs

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                              THE WHITE HOUSE

                       Office of the Press Secretary

For Immediate Release                           December 30, 2000

                             December 30, 2000


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

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