Government and Financing of Small Business
Coming Proposal for New Aid to Small Businesses
New administration proposals to assist small business and encourage the development of new enterprises are shortly to be laid before Congress. President Truman said in his annual message, Jan. 4, that future growth of the country carried “possibilities for hundreds of thousands of new and independent businesses.” But he declared that to avoid the danger that “our constantly growing economy will fall under the control of a few dominant economic groups … we must curb monopoly and provide aids to independent business, so that it may have the credit and capital to compete in a system of free enterprise.”
The President already has recommended that Congress ease the shortage of long-term loan capital ...