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The Orlando Sentinel from Orlando, Florida • Page 46

Location:
Orlando, Florida
Issue Date:
Page:
46
Extracted Article Text (OCR)

i mw fctat I PLENTY FREE PARKING! Friday, Dumber 27, 19T4 llrU.la, Morula trig Businesses 'Survival' Loans AH 4 Stores Buoyi 7 Sylvia Porter totals. In still others, the loans are truly for survival, for without them, the businesses would face bankruptcy. There is no comparison between this type of borrowing and the inflation-feeding loans of the recent past which represented money borrowed to finance major expansion and modernization programs and to build the inventories now causing so much trouble. AND MIND you, it's big business that always finds it easiest to get money even in the tightest credit periods obtaining the bulk of the loans now. Smaller businesses usually are near the end In what seems an utterly mystifying upturn, bank I Joans to business and industry have continued to rise week after week to new all-time peaks in the face of an obviously deepening economic slump and unmistakable indications that corporations are pulling back on spending for new plants and equipment.

Why? On the surface of it, the increases make no sense at all. And Federal Reserve Board chairman Arthur Burns surely knew what he was saying when he explained a slackening demand for credit was a key reason for the early December reduction in the discount rate what Wall Street very quietly calls "survival" loans. In some cases, the money is being borrowed by even our giant corporations to help carry inventories of goods built up to top-heavy levels in anticipation of buyers who simply haven't shown up. In other cases, the money is being borrowed by big businesses struggling to replenish their cash balances to "safe" the basic borrowing rate of the nation at which your neighborhood banks themselves borrow funds from the Central Bank in order to have the money to make loans in turn to you. BUT underneath the surface, there is a fundamental reason and it's not pretty.

That reason is: These are increasingly Take the material to a bank (or in cities of more than 200,000 population to two banks). If you cannot get the financing, then write or visit your nearest SBA office. If you are a new business, describe the type of businesi to be established and the owner's experience and management capabilities. Prepare an estimate of how much can be invested in the business and how much must be borrowed. Be ready to submit to the bank a personal financial statement, a detailed projection of earnings for the first year the business will operate and a list of collateral to be offered.

Q. What can you use the funds for? A. Business construction, conversion or expansion, purchase of equipment, facilities, machinery, supplies, working capital. Q. Where can I get more information? A.

Write to the SBA, Washington, D. C. 20416, for its pamphlet, "SBA Business Loans" OPI-18, dated January 1973. of the line understandable if not commendable at a time when lenders are trying to avoid undue risks. Even in the boomiest periods, millions of small businesses fail each year.

And while the underlying causes may be incompetence and inexperience, it's lack of cash which topples the enterprises. This is why it's more important than ever for you to become thoroughly familiar with a major source of credit the Small Business Administration and its broad range of regular and special loan programs designed for you. You must meet the rules: be unable to get funds from a private lender on reasonable terms; qualify as "small" under the SBA's definition; have the appropriate credit standing. Q. How do you apply for a SBA loan? A.

If you are an established business, prepare a current balance sheet and a profit-and-loss statement for the previous full year and for the current period to the date of the balance sheet, along with personal financial statements of the owner and each partner or stockholder owning 20 per cent or more of the business. Prepare a list of the collateral you will offer and give your best estimate of its current value. Be prepared to state the exact purposes for which you will use the funds as well as the total required. tt CI If fi CONCRETE PATIOS DRIVEWAYS-SIDEWALKS FORMED PLACED 250 PHONE 422-6853 MORGAN CONCRETE i llHffK i r-V-llii iWm Mull -i. Si- (Sentinel-Ster Photo by Carl Berquut) Patrons of Orlando's newest multi-cinema complex, HELD OVER 2.1fEEK! 1 :00 3:10 5:25 RT.

17-92 4 LEE ROAD WINTER PARK 7:35 9:50 The Interstate Mall 6, can choose from six different films offered in one building. The theater which opened December 20 is part of a growing chain based in Kansas City, Missouri. Industry Optimism Gives Orlando Multi Cinema The theater will be offering films aimed at all age groups, but will not run any "X-rated" movies. Myrick also stated that for the time being he has no plans to run special programs of "film festivals" until the theater becomes firmly established in the community. The multi cinema, located in the Interstate Mall at the intersections of 1-4 and SR.

436 in Altamonte Springs, represents an investment of between including buildings, rentals and furnishings. While the admission prices for the Interstate Mall 6 are in line with other theaters, a special "price break" feature of 50 cents less than regular ticket prices is available for all students up to and including college age and graduate school and for senior citizens. Also a "twilight hour" admission, about half the regular price starting approximately 30 minutes before the late afternoon theaters, the largest of which holds 320 while the smallest can accommodate only 167. The corporation now has 48 screens in Florida with the recent opening in Altamonte Springs and, with the planned opening of another six-theater complex in Tampa, will have 54 in the state. Each theater is completely automated with the six screen complex at Interstate Mall requiring only one projectionist to operate the six projectors.

Ben Myrick, manager of the Interstate Mall 6, said that his corporation feels the smaller size of the individual theaters contributes to the enjoyment of the films because "the customers won't feel lost in the place if there aren't too many others there for that particular show." THE SIX screen complex also allows parents to view one feature at the same time their children see another which has more appeal for them. Riding a wave of optimism currently affecting the film industry, the American Multi Cinema Corporation recently opened its hew Orlando complex of six separate theaters under one roof. The theater complex is owned by the Durwood Corporation based in Kansas City, an organization which traces its involvement with the motion picture industry back 40 years. WHILE American Multi Cinema started out as a family business in the 1920s, it was not until 1965 the firm pioneered the ideas of twin and quadraplex screens in the Kansas City area. THE STAFF of the multi cinema, though, includes more than 25 full and part time employes.

Most of these are involved with selling snacks and ushering the clientele into the various theaters. A total of 1,609 patrons -can be seated in the six DISNEY ii mm. fRpDUCnONS' II 'w, aVtellerTpri neylantj LJfcfcws Ml jen mvid HARTMAN donud SINDEN jacques MARIN MAKO davio GWILLIM eftr WALT DISNEY Si Aunt I A LufxLITi 1 1 1 JUHNWHtWN MMuniLC JMtinc HTOiunniDLcn V) uluiMrtk.lflAU wownm MAUMILt JAnnt WIIM tUD nlbltn ROBERT STEVENSON TECHNICOLOR Rtliatatf by BtlEHA VISIA DISTRIBUTION CO MC. Wilt Ditray rMucMfl jnaiiuuiKiuw tiMIAl AUDIENCES .1 titweaai Tha most popular way of i i HELD OYER They're Quick To Say Yes Teens Donate Kidneys 2:00 4:00 6:00 8:00 10:00 RT. 17-92 LEE ROAD dressing today is sports separates pants 'n tops, skirts, shirts, blazers, vests, sweaters, jackets.

WINTER PARK Ifi the hottest story since the Chicago and they're siftinqonif. The teenagers had a number of reasons for volunteering to donate. The biggest reason was the chance to save the life of a loved one. Other reasons included the desire to prove themselves to the family, to show that they are grown up and able to make mature decisions, or to redeem themselves from the status of "black sheep" of the family. Their biggest concern about donating was that the kidney might be rejected.

Some were concerned about the surgical procedure on themselves. Only a few were worried about a future life with only one kidney. The body can function normally on only one kidney. After the transplants, the teenagers said they were most pleased about the gratitude expressed by the family and recipient. The vast majority said they felt more worthwhile, brave, and proud.

the current issue of the American Journal of Psychiatry. 'THE majority of adolescents in this study were able to make a rapid decision about donating, reported no later ambivalence, seemed to be free of undue family pressure, and a year later felt rewarded rather than regretful of their decision they said. "As soon as I heard my sister needed a kidney, I raised my hand," one 17-year-old boy said. Of the 26 teen-agers, 18 have donated one of their kidneys, two are waiting, and six were medically excused. All were given careful medical and psychiatric examinations.

USUALLY A person under the age of 21 cannot volunteer to donate one of his kidneys without court approval. But as more states reduce the legal age to 18, many teenagers will be able to donate kidneys without either parental or court Chicago Tribune Dispatch If a member of your family needed a kidney transplant to stay alive, would you donate one of your two kidneys? Those over 30 often hesitate when this question is put to them. They balk and come up with a dozen or more reasons why maybe they shouldn't. But, surprisingly, Jeenagers are quick to say yes without giving the matter a second thought. They are glad to do it and they feel good about it afterward.

BASED ON the findings at the University of Minnesota Medical School in Minneapolis, teenagers may become a major new source of donor kidneys. In a study of 26 families in which one member needed a kidney transplant, 50 per cent of the teenagers in those families made an instantaneous decision to donate one of their kidneys, reported Dr. Dorothy M. Bernstein and Dr. Roberta G.

Simmons. They volunteered immediately upon hearing of the need and they did not reconsider this decision later, the investigators reported in Truly fabulous groups from our tamous makers. i Reg. to $35 199 WALTER r.lATmAU kititli-ttii IN A BIIIY WILDER fllM -bit it bit it Of Orlonde Reg. to $65 2790 lergett Selection of Maternity Weir In Centre! Florida Siiet 3 to 44 BUY A NEW HOME WITH RENT live in new home while ill rent credited toward! purchase Pay 1 of total ai deposit, pay 1 to move in plus 3 monthly payments to complete 5 down Choice ot three family subdivisions 851-4980 co VNCENf OTI 5U5M 5ARANDON ALLfrN GAPffiD WD WAM (MfS DURNING AUSTIN PlNDlUON ond CAROL BURKCTT 5c.

-CCnplOy Oy "11 6 1. DiAMQND DOWNTOWN TIL 5 30 BANKAMfRICARD MASTfR CHARGE MALL STORES OPEN EVENINGS MON. THRU SAT 851-9400 293-0301 949 O'onge f'i Till PM.

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About The Orlando Sentinel Archive

Pages Available:
4,731,145
Years Available:
1913-2024