Business Development Loan to Keystone Georgia Metal Company Inadequately Justified

CED-77-111 Published: Aug 12, 1977. Publicly Released: Oct 25, 1977.

Highlights

A business development loan to the Keystone Georgia Metal Company was approved by the Economic Development Administration without an adequate economic analysis. The company was granted a $1 million loan to establish an aluminum recycling plant. Keystone is a secondary smelter producing one product--secondary aluminum alloy ingots.

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Topics

Business Regulation and Consumer Protection

Business development loansEconomic analysisEconomic developmentEligibility criteriaFinancial managementIndustryLoansMetalsDevelopment assistanceBusiness development