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Economic development (21 - 25 of 25 items)
Small Business Administration Franchise Loans: Risk of Loss Can Be Reduced and Program Effectiveness Improved
CED-80-47: Published: Apr 11, 1980. Publicly Released: Oct 27, 1980.
A review was undertaken of the Small Business Administration's (SBA) franchise loan policies and practices. As of April 1979, SBA had made or guaranteed about 16,400 loans totaling about $1 billion to franchise businesses. However, as of September 1978, the risk of loss by SBA on franchise loans was about $548 million. Moreover, most of SBA franchise business loans have been made under its princip...
Small Business Administration's Surety Bond Guarantee Program
112675: Jun 30, 1980
The Small Business Administration's (SBA) Surety Bond Guarantee Program was reviewed. Under the Surety Bond Guarantee Program, SBA guarantees 80 to 90 percent of a surety company's losses on bonds executed for small businesses which can be reasonably expected to perform as required by a contract and which cannot obtain bonding without the guarantee. Surety companies pay SBA 20 percent of the bond...
SBA's 7(a) Loan Program
110385: Sep 18, 1979
The total portfolio for the Small Business Administration's (SBA) 7(a) loan program is about $6.8 billion, consisting of guaranteed, immediate participation, and direct loans. A GAO report discussed problems in the 7(a) loan program and stressed the need for management attention. A recent follow-up report pointed out that much of the corrective action which the SBA promised to take concerning loan...
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...
Legislation To Establish a Bureau of Minority Business and Economic Development
B-85909: Published: Feb 24, 1978. Publicly Released: Feb 24, 1978.
GAO provided comments on the proposed "Minority Business and Economic Development Act," which would establish within the Small Business Administration a Bureau of Minority Business and Economic Development and authorize transfer to the Bureau responsibility for coordinating and administering Federal activities affecting the development of minority small business concerns...