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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