Defense Conversion: Capital Conditions Have Improved for Small and
Medium-Sized Firms (Letter Report, 07/21/94, GAO/NSIAD-94-224).
Cuts in the Defense Department's (DOD) procurement budget are forcing a
consolidation of the defense industrial base and job loss for many
defense industry workers. This situation has prompted initiatives to
help defense firms, particularly small ones, convert defense-related
technology to commercial use. The Defense Department is authorized to
provide up to $15 million for guaranteed loans to help small firms in
the defense industry convert to commercial applications. This report
provides information on general trends in the availability of capital
for small and medium-sized firms and on federal and nonfederal
initiatives to improve access to capital for these firms.
--------------------------- Indexing Terms -----------------------------
REPORTNUM: NSIAD-94-224
TITLE: Defense Conversion: Capital Conditions Have Improved for
Small and Medium-Sized Firms
DATE: 07/21/94
SUBJECT: Small business assistance
Economic assistance
Investments
Small business loans
Department of Defense contractors
Business development loans
Capital
Proposed legislation
Government guaranteed loans
IDENTIFIER: Competitiveness Act of 1994 (National)
Community Development, Credit Enhancement, and Regulatory
Improvement Act of 1994
Economic Development Reauthorization Act of 1994
Technology Capital Network
SBA Certified Lenders Program
SBA Preferred Lenders Program
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