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Small business assistance (31 - 40 of 52 items)
Small Business: Analysis of SBA's Preferred Lenders Program
RCED-92-124: Published: May 15, 1992. Publicly Released: Jun 15, 1992.
Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) Preferred Lenders Program, focusing on: (1) preliminary program results; (2) characteristics of preferred loans compared with other SBA-guaranteed business loans; (3) the geographic distribution of preferred loans; and (4) independent audit determinations of preferred lenders' compliance with SBA regulation...
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...
Export Promotion: Status of SBA Programs
T-NSIAD-92-3: Published: Nov 14, 1991. Publicly Released: Nov 14, 1991.
GAO discussed the Small Business Administration's (SBA) export promotion activities. GAO noted that: (1) SBA export promotion programs lack a strategic focus; (2) although SBA has stated that export promotion is a top priority, it devoted less than 1 percent of its fiscal year 1991 expenditures to export promotion; and (3) SBA may be overstating the extent to which its finance programs support exp...
Small Business: SBA Incurs Substantial Losses on Liquidated Loans
T-RCED-91-64: Published: Jun 4, 1991. Publicly Released: Jun 4, 1991.
GAO discussed the effectiveness of the Small Business Administration's (SBA) efforts to liquidate the collateral of defaulted general business loans. GAO noted that: (1) SBA failed to maximize recoveries on existing collateral; (2) loan losses were higher than necessary because SBA operating procedures did not ensure that private lenders were maximizing recoveries on liquidated collateral; (3) due...
Small Business: Profiles of Venture Capital Financing, 1983 Through 1987
RCED-89-68BR: Published: May 19, 1989. Publicly Released: Jun 20, 1989.
Pursuant to a congressional request, GAO studied venture capital financings of Small Business Administration (SBA) small business investment companies (SBIC) and minority enterprise small business investment companies (MESBIC), focusing on the: (1) locations of the assisted firms; (2) types of financing provided; (3) assisted firms' industrial categories; and (4) accuracy and completeness of the S...
Internal Controls: SBA's Controls for Identifying Defaulted Loan Applicants
RCED-88-67: Published: Jan 21, 1988. Publicly Released: Jan 21, 1988.
In response to a congressional request, GAO reviewed the Small Business Administration's (SBA) procedures for identifying loan applicants who have previously defaulted on SBA loans, to determine: (1) the type of controls it uses; (2) whether it needs an automated system; and (3) whether it is exceeding its statutory lending limits.GAO found that: (1) SBA generally relies on information from indivi...
The Small Business Administration's Secondary Market Process
123558: Mar 6, 1984
GAO discussed the Small Business Administration's (SBA) 7(a) loan guarantee program and the SBA role in the secondary market for guaranteed loans. In the secondary market, lending institutions gain an immediate return on guaranteed loans to small businesses by selling the guaranteed portions of loans to other investors. GAO believes that the secondary market can benefit small businesses by: (1) in...
SBA's 7(a) Loan Guarantee Program: An Assessment of Its Role in the Financial Market
RCED-83-96: Published: Apr 25, 1983. Publicly Released: Apr 25, 1983.
GAO reviewed the role of the Small Business Administration's (SBA) 7(a) Loan Guarantee Program in assisting small businesses.GAO sent questionnaires to lenders participating in the program to determine what role the SBA guarantee plays in their small business lending practices. GAO found that the SBA guarantee is an important factor in a bank's decision to lend to new businesses and businesses wit...