President Clinton on Friday signed legislation making it easier for the Small Business Administration to guarantee year-2000-related loans.

The "Small Business Year-2000 Readiness Act" explicitly authorizes companies to use SBA-backed loans to purchase the computer systems and services needed to eradicate the millennium bug. It also lets businesses harmed by year-2000 failures use the SBA loan guarantee program.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.