Loan guarantees (1 - 10 of 21 items)
Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees
GAO-13-759: Published: Sep 10, 2013. Publicly Released: Nov 13, 2013.
Analysis of guaranteed loans to franchisees of a select franchise organization reviewed by GAO, approved from January 1, 2000, to December 31, 2011, showed the Small Business Administration (SBA) approved a total of about $38.4 million for 170 loans made by 54 lenders. SBA's guaranteed portion on these loans was approximately $28.8 million. Of the total population of 170 loans, 74 loans defaulted,...
Patriot Express: SBA Should Evaluate the Program and Enhance Eligibility Controls
GAO-13-727: Published: Sep 12, 2013. Publicly Released: Sep 12, 2013.
Patriot Express loans valued at about $703 million have defaulted at a higher rate than loans under the Small Business Administration's (SBA) other related loan guarantee programs, and losses for Patriot Express have exceeded its income. With the exception of loans approved in 2007, Patriot Express loans have defaulted at a higher rate than loans made under SBA's main 7(a) program or loans made un...
Participants in SBA's Microloan Program Could Provide Additional Information to Enhance the Public's Understanding of Recovery Act Fund Uses and Expected Outcomes
GAO-10-1032R: Published: Sep 29, 2010. Publicly Released: Oct 20, 2010.
This letter formally transmits and summarizes an oral briefing we gave on July 29, 2010, in response to Congress' request that we assess the extent to which the descriptions of the uses of American Recovery and Reinvestment Act of 2009 (Recovery Act) funds--published on Recovery.gov--enhance the public's understanding of how funds are being spent and what outcomes are expected. Our briefing focuse...
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...
Small Business Administration: 7(a) Program's General Characteristics and Summary of Issues
RCED-00-158R: Published: May 26, 2000. Publicly Released: May 26, 2000.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) 7(a) General Business Loan Program, focusing on: (1) the general characteristics of the 7(a) program, including how the program operates; (2) certain issues, such as the lack of coordinated lender oversight, that have been identified in recent studies and reports on the program; and (3) how SBA has responde...
Small Business Administration: A Review of SBA's Estimate of Impact of Legislative Proposals for the 7(a) Loan Guarantee Program
RCED-00-49R: Published: Dec 15, 1999. Publicly Released: Dec 15, 1999.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) estimate of the impact of legislative proposals on the 7(a) Loan Guarantee Program, focusing on: (1) how SBA prepared estimates of H.R. 2615's impact on the average size and number of loans SBA makes; (2) ways that SBA could have improved its estimates; (3) how SBA analyzed the impact of the legislative pro...
Small Business Administration: Few Reviews of Guaranteed Lenders Have Been Conducted
GGD-98-85: Published: Jun 11, 1998. Publicly Released: Jun 25, 1998.
Pursuant to a congressional request, GAO reviewed: (1) how the Small Business Administration (SBA) conducts on-site reviews to monitor participating lenders' compliance with its 7(a) loan program policies and procedures; and (2) what actions SBA is taking to comply with the preferred lender oversight provisions of the Small Business Programs Improvement Act of 1996 (SBPIA).GAO noted that: (1) prio...
Small Business Administration: Credit Subsidy Estimates for the Sections 7(a) and 504 Business Loan Programs
T-RCED-97-197: Published: Jul 16, 1997. Publicly Released: Jul 16, 1997.
GAO discussed the Small Business Administration's (SBA) estimates of credit subsidies for the agency's guaranteed business loan and certified development company programs-more commonly called the "7(a)"and "504" programs, respectively, focusing on: (1) how SBA calculates the estimates of credit subsidies for the 7(a) and 504 programs; (2) what factors accounted for the increases in the estimated c...
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...
Export Finance: The Small Business Administration's Role in Meeting Small Business Needs
T-GGD-95-235: Published: Sep 7, 1995. Publicly Released: Sep 7, 1995.
GAO discussed information on the Small Business Administration's (SBA) Export Working Capital Program (EWCP), focusing on SBA role in meeting the export finance needs of small-and medium-sized businesses. GAO noted that SBA has: (1) worked with the U.S. Export-Import Bank to streamline and standardize its working capital programs; (2) supported U.S. export assistance centers by assigning 11 staff...