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Show Small Business Board Lists New Regulations Small ' business investment companies licensed by the Small Business Administration may finance fi-nance foreign operations of the United States' small businesses if a major portion of their activities ac-tivities are under the jurisdic- tion of the United States, Harold R. Smethhills, Regional Director of the Small Business Administration Adminis-tration for this area announced this week. The announcement came in the form of an interpretation of the Small Business Investment Act of 1958 in the first issue of the "Reporter," a new publication of significant developments in the small business investment company program. In the same issue the SBA announced an-nounced it was accepting applications appli-cations from licensed SBIC's for loans under Section 303 of the Small Business Investment Act. This section permits licensed SBIC's to borrow funds up to 50 per cent of their capital and surplus for re-investment in the small businesses. These loans carry an interest rate of 5 per cent. "Sir, may I have a pass to go shopping with my wife this afternoon? af-ternoon? "No." "Thank you, sir." j |