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Loans Eligibility

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NEWS
February 11, 1994 | JAMES RAINEY, TIMES STAFF WRITER
Dozens of businesses too large to benefit from the federal government's first round of earthquake relief loans are likely to qualify in the future for the program, the head of the Small Business Administration said Thursday. Erskine B. Bowles said the federal agency will raise its $1.5-million loan cap for many companies that need more cash to stay in business and preserve jobs.
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BUSINESS
July 26, 1994 | Don Lee Times staff writer
After 41 years of inexplicable existence in the books of the U.S. Small Business Administration, an obscure rule that prevented media-related businesses from getting loans from the Small Business Administration has been ditched by the SBA. The SBA adopted the "opinion molder" rule in 1953 to avoid the appearance that the U.S. government was trying to control or influence editorial freedom.
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BUSINESS
July 26, 1994 | Don Lee Times staff writer
After 41 years of inexplicable existence in the books of the U.S. Small Business Administration, an obscure rule that prevented media-related businesses from getting loans from the Small Business Administration has been ditched by the SBA. The SBA adopted the "opinion molder" rule in 1953 to avoid the appearance that the U.S. government was trying to control or influence editorial freedom.
NEWS
February 11, 1994 | JAMES RAINEY, TIMES STAFF WRITER
Dozens of businesses too large to benefit from the federal government's first round of earthquake relief loans are likely to qualify in the future for the program, the head of the Small Business Administration said Thursday. Erskine B. Bowles said the federal agency will raise its $1.5-million loan cap for many companies that need more cash to stay in business and preserve jobs.
BUSINESS
April 13, 1990 | ALISA SAMUELS, TIMES STAFF WRITER
Security Pacific Corp. said Thursday that it has committed $2.4 billion over the next decade to loans for low- and moderate-income housing, small- and minority-owned businesses and similar programs. The plan, believed to be the largest community investment effort ever by a U.S. bank, is the latest evidence of the growing influence of some community organizations that have been urging California's largest banks to provide more loans and other resources to the poor and minorities.
BUSINESS
April 12, 1990 | ALISA SAMUELS, TIMES STAFF WRITER
Security Pacific National Bank is expected to announce today a huge community lending plan that surpasses rival Wells Fargo Bank's $1-billion, seven-year commitment, sources said Wednesday. Details of the plan will be released at a press conference today. The announcement comes exactly a month after a coalition of community groups asked the Federal Reserve Board to reject Los Angeles-based Security Pacific's purchase of 20% of Mitsui Manufacturers Bank.
BUSINESS
October 4, 1996 | From Times Staff and Wire Reports
Searching for an alternative to the usual blender or crystal bowl wedding gift for that special young couple? Federal officials have a suggestion: cash for their dream house. Housing and Urban Development Secretary Henry G. Cisneros unveiled a program Thursday that he said will give couples a head start in making a down payment on their first home. "It's the kind of help we used to get in an earlier era, when family members and friends pitched in to build the house . . .
CALIFORNIA | LOCAL
September 23, 1997 | RICHARD WARCHOL, SPECIAL TO THE TIMES
Ventura County Supervisor Frank Schillo's plan to get cars into the hands of welfare recipients looking to get off public aid and on the job is headed for a test run. The Bank of America has agreed to donate two cars to the county's welfare-to-work program, which is seeking to help welfare recipients obtain jobs as government aid is scaled back.
NEWS
February 22, 1985 | PAUL HOUSTON and KAREN TUMULTY, Times Staff Writers
Angry Senate Democrats rejected a Reagan Administration-approved farm credit relief package Thursday night, saying that they would continue to block a vote on the nomination of Atty. Gen.-designate Edwin Meese III until farmers get more help. The unanimous action by the Democrats in closed caucus was taken only hours after a bipartisan group of senators had reached tentative agreement with reluctant Administration officials on the proposed relief measures.
BUSINESS
April 13, 1990 | ALISA SAMUELS, TIMES STAFF WRITER
Security Pacific Corp. said Thursday that it has committed $2.4 billion over the next decade to loans for low- and moderate-income housing, small- and minority-owned businesses and similar programs. The plan, believed to be the largest community investment effort ever by a U.S. bank, is the latest evidence of the growing influence of some community organizations that have been urging California's largest banks to provide more loans and other resources to the poor and minorities.
BUSINESS
April 12, 1990 | ALISA SAMUELS, TIMES STAFF WRITER
Security Pacific National Bank is expected to announce today a huge community lending plan that surpasses rival Wells Fargo Bank's $1-billion, seven-year commitment, sources said Wednesday. Details of the plan will be released at a press conference today. The announcement comes exactly a month after a coalition of community groups asked the Federal Reserve Board to reject Los Angeles-based Security Pacific's purchase of 20% of Mitsui Manufacturers Bank.
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