Resolution
 

RESTORATION OF THE SMALL BUSINESS ADMINISTRATION MICRO LOAN PROGRAM TO THE 2007 BUDGET
 

WhereaS, the President’s budget eliminates the Small Business Administration (SBA) loan and technical assistance funds for micro business and prime, and reduces the women’s business center to $12 million and reduces the CDFI – Fund to $8 million; and  

WhereaS, this action severely affects Hispanic micro-business and the ability to obtain training guidance for their fledging businesses; and  

WhereaS, numerous LULAC members, LULAC councils in Arizona and the nations micro entrepreneurs (their businesses) will be severely hampered and will be affected in their ability in obtaining loans from SBA, 

Therefore, we strongly urge the President to instruct the SBA and to provide the funding to restore these programs to the 2006 budget at the rate of the following:           

            Micro lending                                       $20 million
            Micro Loan                                          $17 million
            Prime                                                   $5 million
            CDFI – Fund                                       $80 million
            Women’s Business Centers                   $16.5 million 

FURTHeRmore, that this resolution be adopted at the Arizona State LULAC Convention and forward to the National LULAC Convention to become a national legislative priority.

Adopted this 1st day of July 2006.

Rosa Rosales
LULAC National President