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Financial management (1 - 10 of 17 items)
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: Section 7(a) General Business Loans Credit Subsidy Estimates
GAO-01-1095R: Published: Aug 21, 2001. Publicly Released: Aug 21, 2001.
The process and types of data the Small Business Administration (SBA) uses to estimate the subsidy cost of the 7(a)General Business Loan Program are generally reasonable and comply with existing Office of Management and Budget guidance. GAO's review of actual and originally estimated defaults and recoveries showed that, on a cumulative basis since 1992, defaults were overestimated by approximately...
Major Management Challenges and Program Risks: Small Business Administration
GAO-01-260: Published: Jan 1, 2001. Publicly Released: Jan 1, 2001.
This report, part of GAO's performance and accountability series, discusses the major management challenges and program risks facing the Small Business Administration (SBA). SBA has taken steps to address several challenges that affect its ability to provide quality service. However, many weaknesses remain that must be addressed. For example, SBA needs to strengthen its oversight of its lending pa...
Small Business: Update of Information on SBA's Small Business Investment Company Programs
RCED-97-55: Published: Feb 21, 1997. Publicly Released: Mar 4, 1997.
Pursuant to a congressional request, GAO updated through fiscal year (FY) 1996 selected information presented in its May 1995 report on the performance of the Small Business Administration's (SBA) Small Business Investment Company programs, focusing on: (1) the programs' trends for fiscal years 1990 through 1996 in terms of the number, size, funding, and private capitalization of small business in...
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...
Small Business: Financial Health of Small Business Investment Companies
RCED-93-51: Published: May 5, 1993. Publicly Released: May 5, 1993.
Pursuant to a congressional request, GAO reviewed: (1) the reasons for small business investment companies' (SBIC) liquidations between January 1986 and March 1991; (2) active and liquidated SBIC financial performances; and (3) the statistical correlation of key SBIC characteristics and investments with their liquidations and financial performance.GAO found that: (1) most SBIC are liquidated for p...
Small Business: Losses on Individual SBA Loan Programs Are Not Fully Disclosed
RCED-92-90: Published: Apr 17, 1992. Publicly Released: May 19, 1992.
Pursuant to a congressional request, GAO: (1) provided information on how the Small Business Administration (SBA) accounts for acquired collateral in reporting 7(a) Loan Program losses; and (2) reviewed whether SBA assigns proper value to collateral from defaulted loans when making acquisition decisions.GAO found that: (1) SBA does not include actual gains or losses on acquired collateral and cost...
Small Business: Improving SBA Loan Collateral Liquidations Would Increase Recoveries
RCED-92-5: Published: Dec 19, 1991. Publicly Released: Jan 21, 1992.
Pursuant to congressional request, GAO reviewed the Small Business Administration's (SBA) management of its section 7(a) general business loan portfolio, focusing on: (1) SBA liquidation of loan collateral for defaulted loans; (2) the adequacy and valuation of collateral; and (3) SBA and private lenders' collateral recovery efforts.GAO found that: (1) in the three regions reviewed, SBA lost about...
Small Business: Financial Condition of SBA's Business Loan Portfolio Is Improving
RCED-92-49: Published: Dec 3, 1991. Publicly Released: Jan 7, 1992.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) portfolio of its 7(a) Loan Program, which provides financial assistance to eligible small businesses that cannot borrow at reasonable terms from conventional lenders without government assistance, focusing on: (1) the number and dollar amounts of direct and guaranteed loans in the portfolio; (2) demographic...