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Rural Development: Rural Business--Cooperative Service's Lending and the Financial Condition of Its Loan Portfolio

RCED-99-10 Published: Jan 12, 1999. Publicly Released: Feb 11, 1999.
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Highlights

Pursuant to a congressional request, GAO provided information on the: (1) number and dollar value of business assistance loans approved by the Department of Agriculture's Rural Business-Cooperative Service (RBS); (2) federal government's costs associated with the agency's loans; and (3) financial condition of the agency's loan portfolio, including the losses incurred.

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Business assistanceBusiness development loansDelinquent loansDirect loansGovernment guaranteed loansLossesRural economic developmentGovernment subsidiesAdministrative costsFinancial conditions