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Community development (11 - 18 of 18 items)
SBA's Certified Lenders Program Falls Short of Expectations
RCED-83-99: Published: Jun 7, 1983. Publicly Released: Jun 7, 1983.
GAO evaluated the effectiveness of the Small Business Administration's (SBA) efforts to streamline its loan delivery system by involving private lenders in the credit check process through the Certified Lenders Program (CLP). GAO also commented on whether SBA experience under the CLP warranted further delegation of authority to lenders under the Preferred Lenders Program (PLP).GAO stated that SBA...
SBA's 7(a) Loan Guarantee Program: An Assessment of Its Role in the Financial Market
RCED-83-96: Published: Apr 25, 1983. Publicly Released: Apr 25, 1983.
GAO reviewed the role of the Small Business Administration's (SBA) 7(a) Loan Guarantee Program in assisting small businesses.GAO sent questionnaires to lenders participating in the program to determine what role the SBA guarantee plays in their small business lending practices. GAO found that the SBA guarantee is an important factor in a bank's decision to lend to new businesses and businesses wit...
Additional Efforts Are Needed To Minimize Lease Guarantee Losses
CED-82-57: Published: Apr 6, 1982. Publicly Released: Apr 6, 1982.
GAO evaluated the Small Business Administration's (SBA) efforts to minimize losses of lease guarantee defaults.GAO found that, for the majority of default cases, lease guarantee losses are minimized through re-rentals or settlements. However, the SBA efforts to manage some lease guarantee defaults have not been adequate to assure that its losses are minimized. SBA standard operating procedures req...
Most Borrowers of Economic Opportunity Loans Have Not Succeeded in Business
CED-81-3: Published: Dec 8, 1980. Publicly Released: Dec 8, 1980.
The Small Business Administration (SBA) Economic Opportunity Loan Program (EOL) has been a means for sustained economic progress for relatively few borrowers. The program originated with the Economic Opportunity Act as a part of the war on poverty. Today, it is part of a larger SBA effort involving several programs to help socially and/or economically disadvantaged people create and maintain small...
The Surety Bond Guarantee Program: Significant Changes Are Needed in its Management
CED-80-34: Published: Dec 27, 1979. Publicly Released: Feb 11, 1980.
The Surety Bond Guarantee Program of the Small Business Administration (SBA) was established to guarantee up to 90 percent of a surety company's losses on bonds issued to small businesses which could not obtain bonding without the guarantee. From its inception in 1971, the program guaranteed more than 91,000 contracts totaling $6.3 billion. GAO evaluated the management of the program.SBA has not m...
Selected Operations of Three Small Business Development Centers
CED-79-113: Published: Jul 24, 1979. Publicly Released: Aug 23, 1979.
An examination was made of certain operations of the Small Business Administration (SBA) program for Small Business Development Centers (SBDCs). Although the SBDCs are using SBA funds for program purposes, only 20 to 30 percent of expenditures examined at two of the three operations were used for direct services to clients. Client responses to a questionnaire tended to be in favor of the program,...
Review of the Small Business Administration's Management Assistance Program
CED-78-64: Published: Mar 15, 1978. Publicly Released: Mar 15, 1978.
The Small Business Administration's (SBA) management assistance program was surveyed at the San Francisco District Office to evaluate the quality of the assistance rendered in helping persons to succeed as business owners.The survey was terminated because sufficient financial data on management assistance clients were not on file although borrowers' financial statements are required under the loan...
Review of Selected Office of Minority Business Enterprise Activities
CED-78-51: Published: Feb 16, 1978. Publicly Released: Feb 16, 1978.
A preliminary inquiry into the operations and efficiency of the Office of Minority Business Enterprise (OMBE) was conducted to determine whether the following information could be obtained: the number and percentage of minority group members employed by OMBE, a State-by-State breakdown of the number and amount of Small Business Administration (SBA) loans obtained by OMBE-funded organizations for m...