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Small business loans (41 - 50 of 52 items)
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...
Most Borrowers of Economic Opportunity Loans Have Not Succeeded in Business
CED-81-3: Published: Dec 8, 1980. Publicly Released: Dec 8, 1980.
The Small Business Administration (SBA) Economic Opportunity Loan Program (EOL) has been a means for sustained economic progress for relatively few borrowers. The program originated with the Economic Opportunity Act as a part of the war on poverty. Today, it is part of a larger SBA effort involving several programs to help socially and/or economically disadvantaged people create and maintain small...
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...
Efforts To Improve Management of the Small Business Administration Have Been Unsatisfactory--More Aggressive Action Needed
CED-79-103: Published: Aug 21, 1979. Publicly Released: Aug 21, 1979.
The Small Business Administration (SBA) has been unsuccessful in carrying out many GAO recommendations to correct problems in its programs and activities. Key programs and activities dealing with personnel, financial, and management control functions of the agency continue to need improvement.SBA continues to produce unsound loans under the business loan program because its approval and servicing...
Size Standards for Small Businesses
109847: Jul 10, 1979
The Small Business Administration (SBA) uses size standards to determibility for Federal Small Business Assistance programs, but many of the size standards do not direct assistance to the target group of businesses which are "struggling to become or remain competitive." It was found that the standands often define as small a high percentage of industry firms controlling most of an industry's sales...
Occupational Safety and Health Loan Programs
HRD-79-82: Published: Jun 6, 1979. Publicly Released: Jun 6, 1979.
The occupational safety and health loan program as administered by the Small Business Administration (SBA) in cooperation with the Department of Labor's Occupational Safety and Health Administration (OSHA) is to help small businesses comply with mandated occupational safety and health standards. A review of the loan program showed that few loans have been made.No assurance exists that loans are be...
What Is a Small Business? The Small Business Administration Needs To Reexamine Its Answer
CED-78-149: Published: Aug 9, 1978. Publicly Released: Sep 1, 1978.
The Small Business Administration's (SBA) size standards define which businesses are small and, therefore, eligible for federal small business assistance programs. SBA regulations state that, since smaller concerns often are forced to compete with middle-sized, as compared with very large, concerns, size standards should be established as low as is reasonably possible. Also, these standards should...
Small Business Administration's Small Business Investment Company Program
105635: May 8, 1978
The Small Business Administration's (SBA) Small Business Investment Company (SBIC) Program was intended to stimulate and supplement the flow of private-equity capital and long-term loans to small business. SBIC's are privately operated investment companies that are authorized to make equity investments in small businesses. In spite of the Federal Government's large financial commitment to the prog...