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Small business (51 - 60 of 241 items)
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...
Information on the Number of Small Business Set-Asides Issued and Successfully Challenged
GAO-03-242R: Published: Nov 1, 2002. Publicly Released: Nov 1, 2002.
The Small Business Act requires small businesses to have the maximum practicable opportunity to participate in the performance of federal government contracts. Congress directed the President to set a governmentwide goal of at least 23 percent of the total dollar value of the federal government's prime contract awards to be awarded to small businesses each fiscal year. The small Business Administr...
September 11: Small Business Assistance Provided in Lower Manhattan in Response to the Terrorist Attacks
GAO-03-88: Published: Nov 1, 2002. Publicly Released: Nov 1, 2002.
The attacks on the World Trade Center had a substantially negative impact on the New York City economy, severely affecting businesses. In the aftermath of the attacks, Congress, among other things, appropriated emergency supplemental funds to several federal agencies to aid and rebuild the affected areas. The Chairman of the House Committee on Small Business asked GAO to describe the assistance pr...
Small Business Administration: The Commercial Marketing Representative Role Needs to Be Strategically Planned and Assessed
GAO-03-54: Published: Nov 1, 2002. Publicly Released: Nov 1, 2002.
Subcontracting on federal contracts is a large and growing marketplace for small businesses. The Small Business Administration's (SBA) Commercial Marketing Representatives (CMRs) have long been considered to be key to fostering small businesses' participation in subcontracts. GAO was asked to assess the role that CMRs are playing in administering SBA's subcontracting assistance program.CMRs are su...