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The Small Business Administration (SBA) approved about $8.6 billion in loan guarantees through its 7(a) loan program in fiscal year 2003. SBA must estimate the subsidy cost of this program. Since fiscal year 2003, SBA has been using econometric modeling to estimate the subsidy.
Congress created the Historically Underutilized Business Zone (HUBZone) program to stimulate economic development and create jobs in distressed urban and rural areas. To achieve these goals, the HUBZone program provides small businesses with greater access to federal contracting opportunities.
Pursuant to a congressional request, GAO assessed the strengths and weaknesses of the Small Business Administration's (SBA) 8(a) program information system, focusing on: (1) whether the system meets the information needs of SBA field and headquarters staff; and (2) what plans, if any, does SBA have for...
Pursuant to a congressional request, GAO provided information on the status of the Small Business Administration's (SBA) efforts to complete the mandated planning actions for the development of its loan monitoring system.
Pursuant to a congressional request, GAO reviewed a benchmark study conducted by a contractor comparing the Small Business Administration's (SBA) loan monitoring business processes to those of selected public and private sector organizations.