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In
recent CNN news: March 2, 1999 The Small Business Year 2000 Readiness Act sets up a $500 million loan program that could help thousands of small businesses buy new computers or upgrade their old ones. Loans would also be made available to help small business owners that are threatened by the Y2K problems of their suppliers, customers or financial institutions. For more information email Y2Kloans@merzcomm.com.
CNN Interactive, IDG.net and CNNfn have been following the story. Britain acts to soothe public Y2K fears Utilities pose biggest worldwide Y2K threat US Final work on Senate Y2K litigation bill delayed S.F. Fed chief expects few Y2K bank problems
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Small Business Year 2000 Readiness Act - Amends the Small Business Act to authorize the Small Business Administration (SBA), during the period ending on December 31, 2000, to: (1) guarantee loans made by eligible lenders to small businesses to address Year 2000 computer problems (Y2K problem), including repair and acquisition, consulting, and related expenses; and (2) provide relief for a substantial economic injury incurred by a small business as a direct result of Y2K problems. Provides loan amounts and administration participation limits. Requires an annual report from the SBA to the congressional small business committees on the loan guarantee program.
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