All Topics » Business Regulation and Consumer Protection » Economic development » Small business loans
Small business loans (1 - 10 of 20 items)
Hurricanes Katrina and Rita: Federally Funded Programs Have Helped to Address the Needs of Gulf Coast Small Businesses, but Agency Data on Subcontracting Are Incomplete
GAO-10-723: Published: Jul 29, 2010. Publicly Released: Aug 16, 2010.
Hurricanes Katrina and Rita wreaked havoc on small businesses in the Gulf Coast, and much federal assistance has been provided to help these businesses. GAO was asked to describe (1) the amount of assistance provided to Gulf Coast small businesses through the Small Business Administration's (SBA) disaster and Gulf Opportunity (GO) loans, state-administered business assistance programs funded by th...
Federal Housing Finance Agency: Oversight of the Federal Home Loan Banks' Agricultural and Small Business Collateral Policies Could Be Improved
GAO-10-792: Published: Jul 20, 2010. Publicly Released: Aug 11, 2010.
The Federal Home Loan Bank System is a government-sponsored enterprise comprising 12 regionally-based Federal Home Loan Banks (FHLBank), the primary mission of which is to support housing finance and community and economic development. Each FHLBank makes loans (advances) to member financial institutions in its district, such as banks, which traditionally are secured by single-family mortgages. In...
Status of the Small Business Administration's Implementation of Administrative Provisions in the American Recovery and Reinvestment Act of 2009
GAO-10-298R: Published: Jan 19, 2010. Publicly Released: Jan 19, 2010.
Due to recent turmoil in U.S. credit markets, many lenders have been reluctant to offer conventional loans--that is, loans not guaranteed by the federal government--to small businesses so that they can finance their operations and capital needs. While the Small Business Administration's (SBA) principal loan guarantee programs, the 7(a) and 504 programs, are intended to help small businesses raise...
Rural Economic Development: Collaboration between SBA and USDA Could Be Improved
GAO-08-1123: Published: Sep 18, 2008. Publicly Released: Sep 18, 2008.
The Small Business Administration (SBA) and the Rural Development offices of the U.S. Department of Agriculture both work in rural areas to foster economic development by promoting entrepreneurship and community development. This report discusses (1) the complementary nature of some SBA and Rural Development programs and the extent to which it provides a rationale for the agencies to collaborate,...
Small Business Administration: 7(a) Program's General Characteristics and Summary of Issues
RCED-00-158R: Published: May 26, 2000. Publicly Released: May 26, 2000.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) 7(a) General Business Loan Program, focusing on: (1) the general characteristics of the 7(a) program, including how the program operates; (2) certain issues, such as the lack of coordinated lender oversight, that have been identified in recent studies and reports on the program; and (3) how SBA has responde...
Small Business: Problems Continue With SBA's Minority Business Development Program
RCED-93-145: Published: Sep 17, 1993. Publicly Released: Sep 24, 1993.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) ability to implement changes to the 8(a) business development program relating to the: (1) collection and management of 8(a) program data; (2) certification of 8(a) program participants; (3) development and maintenance of 8(a) firms' business plans; (4) competitive award of 8(a) program contracts; and (5) d...
Small Business: Losses on Individual SBA Loan Programs Are Not Fully Disclosed
RCED-92-90: Published: Apr 17, 1992. Publicly Released: May 19, 1992.
Pursuant to a congressional request, GAO: (1) provided information on how the Small Business Administration (SBA) accounts for acquired collateral in reporting 7(a) Loan Program losses; and (2) reviewed whether SBA assigns proper value to collateral from defaulted loans when making acquisition decisions.GAO found that: (1) SBA does not include actual gains or losses on acquired collateral and cost...
Small Business: Improving SBA Loan Collateral Liquidations Would Increase Recoveries
RCED-92-5: Published: Dec 19, 1991. Publicly Released: Jan 21, 1992.
Pursuant to congressional request, GAO reviewed the Small Business Administration's (SBA) management of its section 7(a) general business loan portfolio, focusing on: (1) SBA liquidation of loan collateral for defaulted loans; (2) the adequacy and valuation of collateral; and (3) SBA and private lenders' collateral recovery efforts.GAO found that: (1) in the three regions reviewed, SBA lost about...
Small Business: SBA Incurs Substantial Losses on Liquidated Loans
T-RCED-91-64: Published: Jun 4, 1991. Publicly Released: Jun 4, 1991.
GAO discussed the effectiveness of the Small Business Administration's (SBA) efforts to liquidate the collateral of defaulted general business loans. GAO noted that: (1) SBA failed to maximize recoveries on existing collateral; (2) loan losses were higher than necessary because SBA operating procedures did not ensure that private lenders were maximizing recoveries on liquidated collateral; (3) due...
Small Business: Profiles of Venture Capital Financing, 1983 Through 1987
RCED-89-68BR: Published: May 19, 1989. Publicly Released: Jun 20, 1989.
Pursuant to a congressional request, GAO studied venture capital financings of Small Business Administration (SBA) small business investment companies (SBIC) and minority enterprise small business investment companies (MESBIC), focusing on the: (1) locations of the assisted firms; (2) types of financing provided; (3) assisted firms' industrial categories; and (4) accuracy and completeness of the S...