Loans to Small Business Act.

This Act establishes the Small Businesses Loan Board and provides for loans by the Board to small businesses.The Board shall assist persons in establishing, carrying on or expanding small businesses by providing loans and other forms of financial assistance at such conditions and on the basis of any form of security as the Board may think fit. The Board, among other things, shall give financial assistance to cooperative societies for the purpose of enabling such societies to perform the same functions in regard to the businesses to which this Act applies as the Board is required by this Act to perform.