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Business development loans (1 - 10 of 26 items)
Hurricanes Katrina and Rita: Federally Funded Programs Have Helped to Address the Needs of Gulf Coast Small Businesses, but Agency Data on Subcontracting Are Incomplete
GAO-10-723: Published: Jul 29, 2010. Publicly Released: Aug 16, 2010.
Hurricanes Katrina and Rita wreaked havoc on small businesses in the Gulf Coast, and much federal assistance has been provided to help these businesses. GAO was asked to describe (1) the amount of assistance provided to Gulf Coast small businesses through the Small Business Administration's (SBA) disaster and Gulf Opportunity (GO) loans, state-administered business assistance programs funded by th...
Status of the Small Business Administration's Implementation of Administrative Provisions in the American Recovery and Reinvestment Act of 2009
GAO-10-298R: Published: Jan 19, 2010. Publicly Released: Jan 19, 2010.
Due to recent turmoil in U.S. credit markets, many lenders have been reluctant to offer conventional loans--that is, loans not guaranteed by the federal government--to small businesses so that they can finance their operations and capital needs. While the Small Business Administration's (SBA) principal loan guarantee programs, the 7(a) and 504 programs, are intended to help small businesses raise...
Small Business Administration: Actions Needed to Improve the Usefulness of the Agency's Lender Risk Rating System
GAO-10-53: Published: Nov 6, 2009. Publicly Released: Dec 7, 2009.
The Small Business Administration (SBA) guarantees individual loans that lenders originate. The agency uses its Loan and Lender Monitoring System (L/LMS) to assess the individual risk of each loan, and SBA's contractor developed a lender risk rating system based on L/LMS data. However, questions have been raised about the extent to which SBA has used its lender risk rating system to improve its ov...
Small Business Administration's Implementation of Administrative Provisions in the American Recovery and Reinvesment Act
GAO-09-507R: Published: Apr 16, 2009. Publicly Released: Apr 16, 2009.
Under the American Recovery and Reinvestment Act of 2009 (ARRA), Congress required the Small Business Administration (SBA) to implement a total of eight administrative provisions to help facilitate small business lending and enhance liquidity in the secondary markets. These administrative provisions include (1) temporarily requiring SBA to reduce or eliminate certain fees on 7(a) and 504 loans; (2...
Rural Economic Development: Collaboration between SBA and USDA Could Be Improved
GAO-08-1123: Published: Sep 18, 2008. Publicly Released: Sep 18, 2008.
The Small Business Administration (SBA) and the Rural Development offices of the U.S. Department of Agriculture both work in rural areas to foster economic development by promoting entrepreneurship and community development. This report discusses (1) the complementary nature of some SBA and Rural Development programs and the extent to which it provides a rationale for the agencies to collaborate,...
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...
Small Business: A Comparison of SBA's 7(a) Loans and Borrowers With Other Loans and Borrowers
RCED-96-222: Published: Sep 20, 1996. Publicly Released: Sep 27, 1996.
Pursuant to a congressional request, GAO reviewed the role that the Small Business Administration's (SBA) 7(a) Program plays in small business financing, focusing on: (1) the characteristics of 7(a) loans compared to small business loans in general; (2) how the characteristics of 7(a) borrowers compare with small business borrowers that did not obtain 7(a) loans; and (3) the reasons underlying pri...
Small Business Investment Companies
RCED-96-171R: Published: Jun 28, 1996. Publicly Released: Jun 28, 1996.
Pursuant to a legislative requirement, GAO provided information on its review of the the Small Business Administration's Small Business Investment Company (SBIC) program for the period from September 1992 through September 1995. GAO noted that: (1) its 1995 and 1996 products on the SBIC program, taken as a whole, have fulfilled the reporting requirement; and (2) it issued three reports on prohibit...
Trends in SBA's 7(a) Program
RCED-96-158R: Published: Jun 10, 1996. Publicly Released: Jun 20, 1996.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) 7(a) loan program, focusing on: (1) the program's budget and the number and amount of loans from fiscal year 1986 through FY 1995; (2) the loans' maturities; (3) the characteristics of the borrowers; and (4) the program's cost. GAO noted that between FY 1986 and FY 1995: (1) budget authority for the 7(a) pr...
Small Business Administration: SBA Monitoring Problems Identified in Case Studies of 12 SBICs and SSBICs
OSI-96-3: Published: Apr 3, 1996. Publicly Released: Apr 3, 1996.
Pursuant to a congressional request, GAO reviewed the improper management practices of 12 companies participating in the Small Business Administration's (SBA) Small Business Investment Company (SBIC) and Specialized Small Business Investment Company (SSBIC) programs.GAO found that: (1) all of the companies engaged in improper management practices that violated program regulations, including provid...