Resolution
 

Supporting the Restoration of the Small Business Administration Micro Loan Program to 2005-2006 Budget

WHEREAS, the President’s budget eliminates the Small Business Administration (SBA) technical assistance funds for microbusiness; and  

WHEREAS, this action severely affects Hispanic microbusiness and their ability to obtain training and guidance for their fledging businesses; and  

WHEREAS, numerous LULAC members, LULAC councils in Arizona and the nations micro entrepreneurs will be severely hampered and will be affected their ability in obtaining loans from SBA. 

NOW THEREFORE, BE IT RESOLVED we strongly urge the President to instruct the SBA and to provide the funding to restore this program to the 2005-2006 budget at its current rate of .25 T/TA on each dollar loaned. That this resolution be adopted at the Arizona State LULAC Convention and forwarded to the national LULAC Convention to become a national legislative priority. 

Submitted by Council #1088.

Adopted this 10th day of July 2004.
Hector M. Flores
LULAC National President