SMALL BUSINESS LOANS ACT SUCCESS STORIES
David Alan Eadie
136 Clifton Road
Table of Contents
List of Participants
- 1 -
"We couldn't have done it without the Small Business Loan program," - Byron Newberry, part-
owner, Jaguar's Sports Bar and Grill, Vancouver, B.C.
"I think it is a perfect program and I hope it continues." - Mike Forcillo, president of Cam-Tec
Ltd., Laval, Quebec
"Without giving people a chance at this kind of credit, you're taking a step back," - Mike Miletic,
president, Delta Grinding, Cooksville, Ontario.
"When I was just getting started more or less on my own, taking over the business from my
parents, maybe the bank wouldn't have given it to me outside the SBLA, I don't know." - Mike
Berrigan, president, Guysborough Transfer, Halifax, Nova Scotia
"The SBLA has been very helpful to me in business and it sure has helped a lot of other
businesses, too. It would be questionable whether I would be in business right now, without the
SBLA." - Jim Heath, General Manager, Ure Seal Limited, Tottenham, Ontario
These are a sample of the comments made by recipients of government-sponsored loans under
the SBLA. It is an accurate representation of the attitudes expressed by successful applicants to
the SBLA program that were interviewed between January and May 1998. They ware contacted
to help give a personal perspective to the SBLA loan guarantee program. The statistical
representation and analysis of the program can be found in "Impact of SBLA Lending: An
Evaluation of the Economic Impacts of the SBLA Program" - published in December 1996.
These stories present the people behind the statistics.
The (enclosed) questionnaire was primarily based upon the one used by the 1996 study noted
above. It was felt that by using the first questionnaire as a guide, the results from this initiative
would be reinforced by theirs.
The intended purpose of thi