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Small business loans (11 - 20 of 28 items)
Small Business Administration: Additional Measures Needed to Assess 7(a) Loan Program's Performance
GAO-07-769: Published: Jul 13, 2007. Publicly Released: Aug 13, 2007.
The Small Business Administration's (SBA) 7(a) program, initially established in 1953, provides loan guarantees to small businesses that cannot obtain credit in the conventional lending market. In fiscal year 2006, the program assisted more than 80,000 businesses with loan guarantees of nearly $14 billion. This report examines (1) the program's purpose, based on its legislative history, and perfor...
Small Business Administration: Model for 7(a) Program Subsidy Had Reasonable Equations, but Inadequate Documentation Hampered External Reviews
GAO-04-9: Published: Mar 31, 2004. Publicly Released: Mar 31, 2004.
The Small Business Administration (SBA) approved about $8.6 billion in loan guarantees through its 7(a) loan program in fiscal year 2003. SBA must estimate the subsidy cost of this program. Since fiscal year 2003, SBA has been using econometric modeling to estimate the subsidy. This report reviews SBA's estimation methodology and equations, assesses the default and recovery rates the model produce...
Small Business Administration: Observations on the Disaster Loan Program
GAO-03-721T: Published: May 1, 2003. Publicly Released: May 1, 2003.
This testimony discusses the role of the Small Business Administration's (SBA) Disaster Loan Program in responding to the September 11, 2001, terrorist attacks, general performance measures for the program, and the effects of SBA's program to sell loans to private investors on disaster loans and their borrowers. In reviewing SBA's loan sales program, which includes disaster loans, we identified th...
Small Business Administration: Progress Made but Improvements Needed in Lender Oversight
GAO-03-90: Published: Dec 9, 2002. Publicly Released: Jan 6, 2003.
The Small Business Administration (SBA) has increased its reliance on private lenders to provide small businesses with access to credit. The 7(a) program is SBA's largest business loan program, and SBA has established a preferred lender program (PLP) in which eligible lenders make 7(a) loans without prior SBA approval. SBA guaranteed $9.9 billion in 7(a) loans in 2001. Because lenders are exercisi...
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...
Review of the SBA's Section 502 Local Development Company Loan Program
089607: Apr 20, 1976
No summary is currently available...
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...
The Small Business Administration's Economic Opportunity Loan Program
116828: Oct 27, 1981
GAO reviewed the Small Business Administration's (SBA) Economic Opportunity Loan Program. At the time of the review, the Program was one of several SBA programs to help socially or economically disadvantaged people create and develop small businesses. Established with a difficult mission, the Program funded businesses that could not get assistance from other SBA programs or from the private sector...
Better Management of Collateral Can Reduce Losses in SBA's Major Loan Program
CED-81-123: Published: Jul 17, 1981. Publicly Released: Jul 17, 1981.
The 7(a) loan program of the Small Business Administration (SBA) makes or guarantees loans to small businesses that are unable to obtain financial assistance from other sources such as private lending institutions. In recent years, the 7(a) program has experienced increasing losses. As of April 1981, 14.4 percent of the outstanding loans were delinquent or in liquidation. As loans face possible li...
SBA Franchise Loans: Risk of Loss Can Be Reduced and Program Effectiveness Improved
115255: May 19, 1981
GAO reviewed 92 loans in 10 of the Small Business Administration's (SBA) field offices. Seventy-eight of the loans were guaranteed and 14 were direct loans, most of which were made to automobile dealers, gasoline stations, and fast food franchises. The SBA risk of loss or share of the outstanding franchise loan balances totaled about $548 million. SBA unnecessarily bore most of the risk on these l...