The Lucknow Sentinel, 1979-08-15, Page 26f
14
it
age 24 -I nelitsnw Sentinel, Weiitnesday, August 15, 1979
}J.I.]II.B
Lending y, the • Federal
Business Development Bank
to small businesses in Ont-
ario. was at a record high
level . in the year ended''•
March 3lst last, according to
the bank's • .recently issued
annual report, The bank
approved .3,670 loans for a
total of $183,248,000 in the
year up by 39% in number
and 55% in amount over the ,.
previous year. At the fiscal
year-end, 9,742 businesses
in the province had
$410,495,000 in financing
from the bank.
FBDB which provides' fin-
ancial assistance: to . small
enterprises when financing is.
not reasonably available
from other sources, author-
ized 12,271 loans totailing
$665,593,000 to businesses,
across Canada during the.
year. The bank now has $1;6
billion outstanding in finan•
cing to. over 35,000 custom-
ers.
In the annual report., pres•
-
ident Guy Lavigueur . said
that FBDB financing .last
year assisted in the start-up
of some .2000 new Canadian .
enterprises .and generated.
direct employment for..
20,000. Currently, about
350,0130 Canadians are em-
ptoy.ed byFBDB customers.
About 44 per cent of the
loans made by FBDB are for
amounts. of 325,000 or less.
and nearly .three-quarters of
them are for $50,000 or less..
The average size --of loan is
$54,000,:.:
FBDB . operations' ,ere
- markedly decentralized, and
almost all : of its Loans are
• approved at its regional and
branch. offices located across
the country. Representatives
Open
picnic
pavillion....
'from 'page 16
.Reeve of Huron Town-
shi0:: Bill Elliott,
Chairman of Recreation;.
Bill t{chipton, C'hairm:an`
. of -Building Committee;
Doug ,Couttes, President
of Ripley Lions.
Special thanks to
Chester Etnmerton and
Wayne Lowry. for,.
donating, time and truck.'
The pavillon is open far
nubile use and can be.
reserved by contacting
Marlene Coiling, Clerk of.
Huron Township.
Ioans at record:ie.
from FBDB offices regularly
make advertised visits to -
small•communities to discuss
financing proposals and oth-
er services of the bank with
local business 'people. Some
8,000 visits were made last
year, -
• In addition to financial
assistance, FBD13 offers
management services of
counselling, training, and: in-
formation. Under the CASE
(Counselling Assistance to
Small, Enterprises). program,
retired business persons act-
ing as counsellors for CASE
assist small businesses over -
el in
come problems, There are
now, 1,900 CASE counsellors
and last year 15,000 enquir-
ies were received and abut
9,7Q0 assignments werecom-
pleted,
FBDB conducted over
1,300 management training
seminers during the year in
talo
smaller cities and. towns,
Some 21,600 'operators of
smaller businesses attended
these one day seminars to
discuss cost controls, taxa-
tion and other subjects.
The bank's small business
information service provides
up-to-date information on the
numerous programsof as-
sistante to business sponsgr»
ed by the federal government.
and others. Enquirers are
directed to the appropriate
representatives of these pro.
grams. Last year there were
over 52,000 referrals to var-
ious assistance programs.
•
Long and Short . Sleeve
Sizes 141/2 -1S 15,1/2
16-16/.-17'-17%
Plains and Assorted..
Colours and Patterns
Come 1n And
Check Out The
Chiti h.en.s: 0
Sale Racks
rEor
Back to School
Savings
ew Fall Arrivals
Every Day
Paris Star,
Elan and New Editions Sportswear
In Shades of Wine, Teal Blue and Browns
Styes and sizes
are' getting picked over
,so come now and SAVE!
y.u're Whistling
in the dark,
\.. if you haven't had your
blood pressure checked
lately. You could have high
blood pressure and not
know it. It can lead to •
stroke, heart and kidney
failure. See your doctor--
Only
octor-Only he can tett.
OSA
:LUCKNOW
Ladies and Mens Wear
PHONE 528-2126