Small business assistance (51 - 60 of 260 items)
Small Business Administration: Additional Steps Needed to Enhance Agency Preparedness for Future Disasters
GAO-07-114: Published: Feb 14, 2007. Publicly Released: Feb 14, 2007.
The Small Business Administration (SBA) is the federal government's primary provider of disaster loans to businesses, homeowners, and renters. In a previous report (GAO- 06-860), GAO found that SBA's limited information systems planning contributed to delays in processing disaster loans for the victims of the 2005 Gulf Coast Hurricanes (Katrina, Rita, and Wilma). To provide further insight into ho...
Small Business Administration: Response to the Gulf Coast Hurricanes Highlights Need for Enhanced Disaster Preparedness
GAO-07-484T: Published: Feb 14, 2007. Publicly Released: Feb 14, 2007.
The Small Business Administration (SBA) helps individuals and businesses recover from disasters such as hurricanes through its Disaster Loan Program. SBA faced an unprecedented demand for disaster loan assistance following the 2005 Gulf Coast hurricanes (Katrina, Rita, and Wilma), which resulted in extensive property damage and loss of life. In the aftermath of these disasters, concerns were expre...
Alaska Native Corporations: Increased Use of Special 8(a) Provisions Calls for Tailored Oversight
GAO-06-874T: Published: Jun 21, 2006. Publicly Released: Jun 21, 2006.
Alaska Native corporations (ANC) were created to settle land claims with Alaska Natives and foster economic development. In 1986, legislation passed that allowed ANCs to participate in the Small Business Administration's (SBA) 8(a) program. Since then, Congress has extended special procurement advantages to 8(a) ANC firms, such as the ability to receive sole-source contracts for any dollar amount...
Contract Management: Increased Use of Alaska Native Corporations' Special 8(a) Provisions Calls for Tailored Oversight
GAO-06-399: Published: Apr 27, 2006. Publicly Released: Apr 27, 2006.
Alaska Native corporations (ANC) were created to settle land claims with Alaska Natives and foster economic development. In 1986, legislation passed that allowed ANCs to participate in the Small Business Administration's (SBA) 8(a) program. Since then, Congress has extended special procurement advantages to 8(a) ANC firms, such as the ability to win sole-source contracts for any dollar amount. Thi...
Small Business Administration: Improvements Made, but Loan Programs Face Ongoing Management Challenges
GAO-06-605T: Published: Apr 6, 2006. Publicly Released: Apr 6, 2006.
The Small Business Administration's (SBA) purpose is to promote small business development and entrepreneurship through business financing, government contracting, and technical assistance programs. SBA's largest business financing program is its 7(a) program, which provides guarantees on loans made by private-sector lenders to small businesses that cannot obtain financing under reasonable terms a...
Export-Import Bank: Changes Would Improve the Reliability of Reporting on Small Business Financing
GAO-06-351: Published: Mar 3, 2006. Publicly Released: Mar 3, 2006.
The Export-Import Bank (Ex-Im) provides loans, loan guarantees, and insurance to support U.S. exports. Its level of support for small business has been a long-standing issue of congressional interest. Most recently in 2002, Congress increased the proportion of financing Ex-Im must make available for small business to 20 percent. GAO examined legal and policy issues related to Ex-Im's small busines...
Small Business: The National Veterans Business Development Corporation Faces Challenges in Planning for and Achieving Financial Self-sufficiency
GAO-04-893: Published: Aug 30, 2004. Publicly Released: Sep 29, 2004.
The National Veterans Business Development Corporation (The Veterans Corporation) was created under Pub. L. No. 106-50 to provide veterans with small business and entrepreneurship assistance. The Act authorized, and Congress has appropriated to the corporation, $12 million in funding over 4 years, ending September 30, 2004. The Act also required that The Veterans Corporation implement a plan to ra...
Small Business Administration: SBA Followed Appropriate Policies and Procedures for September 11 Disaster Loan Applications
GAO-04-885: Published: Aug 31, 2004. Publicly Released: Aug 31, 2004.
The Small Business Administration (SBA) played a key role in assisting small businesses affected by the September 11, 2001 terrorist attacks by providing over $1 billion in disaster loans to businesses that sustained physical damage or economic injury. Small businesses in the immediate areas of the attacks and others nationwide that suffered related economic injury were eligible to apply for disas...
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...
Major Management Challenges and Program Risks: Small Business Administration
GAO-03-116: Published: Jan 1, 2003. Publicly Released: Jan 1, 2003.
GAO's 2001 report on major challenges at the Small Business Administration (SBA) addressed lender oversight, the 8(a) program for small disadvantaged businesses, disaster loan processing, and other issues. The information GAO presents in this report is intended to help sustain congressional attention and SBA's focus on addressing these challenges. This report is part of a special series of reports...