Download or read book SBA s Pilot Programs to Improve Guaranty Loan Procedures Need Further Development written by United States. General Accounting Office and published by . This book was released on 1981 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SBA s pilot programs to improve guaranty loan procedures need further development written by United States. General Accounting Office and published by . This book was released on 1981 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SBA s Pilot Programs to Improve Guaranty Loan Procedures Need Further Development written by United States. General Accounting Office and published by . This book was released on 1981 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 7(a) business loan program is the principal activity of the Small Business Administration (SBA) for providing financial assistance to small businesses. SBA makes loans to small businesses and guarantees loans made by others. In recent years, the program has emphasized guaranty loans whereby SBA guarantees the repayment of loans made to small businesses by private lending institutions. The major cause of dissatisfaction among business owners, lenders, and SBA personnel is that it takes too long to obtain a guaranty loan because of the number and complexity of the documents required to apply for a loan, and the time required for a SBA review of those documents. SBA has been testing two pilot programs to expedite the processes for application and approval of a guaranty loan. The bank certification program aims to shorten the time required for SBA to review and approve guaranty loan applications. The operation effectiveness program is designed to reduce the number and complexity of the application documents. Both programs appear promising in shortening the time and simplifying the paperwork required to obtain a guaranteed loan. The bank certification program addresses only one aspect of the problem, the amount of time SBA uses to review loan applications. The program does little to broaden the participation of banks and other lenders in the program. SBA has yet to develop and implement a system to provide audit and oversight of the certified banks' loan portfolios. The need for a system to monitor the performance of the certified banks is especially important now that SBA has the authority to delegate the determination of eligibility and loan servicing and liquidation to lending institutions. The simplified application documents of the operation effectiveness program have shortened the loan application and review time in the one SBA region where it has been tested. However, the revised documents have not been adopted agencywide nor been used for loan applications in the bank certification program.
Download or read book Monthly Catalog of United States Government Publications written by and published by . This book was released on 1982 with total page 1096 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monthly Catalogue United States Public Documents written by and published by . This book was released on 1982 with total page 1102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Problems with Small Business Administration Financial Assistance to Franchises written by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee and published by . This book was released on 1981 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1981 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.
Download or read book Mismanagement of SSA s Computer Systems Threatens Social Securit Programs written by and published by . This book was released on 1984 with total page 1354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Administration 7 a Loan Guaranty Program written by Congressional Research Service and published by CreateSpace. This book was released on 2014-10-23 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration (SBA) administers several programs to support small businesses, including loan guaranty programs designed to encourage lenders to provide loans to small businesses “that might not otherwise obtain financing on reasonable terms and conditions.” The SBA's 7(a) loan guaranty program is considered the agency's flagship loan program. Its name is derived from Section 7(a) of the Small Business Act of 1953 (P.L. 83-163, as amended), which authorizes the SBA to provide business loans and loan guaranties to American small businesses. In FY2014, the SBA approved 52,044 7(a) loans totaling $19.2 billion. The average approved 7(a) loan amount was $368,737. Proceeds from 7(a) loans may be used to establish a new business or to assist in the operation, acquisition, or expansion of an existing business. Congressional interest in the 7(a) program has increased in recent years because of concerns that small businesses might be prevented from accessing sufficient capital to enable them to assist in the economic recovery. Some, including President Obama, argue that the SBA should be provided additional resources to assist small businesses in acquiring capital necessary to start, continue, or expand operations with the expectation that in so doing small businesses will create jobs. Others worry about the long-term adverse economic effects of spending programs that increase the federal deficit. They advocate business tax reduction, financial credit market reforms, and fiscal restraint as the best means to help small businesses further economic growth and job creation. This report discusses the rationale provided for the 7(a) program; the program's borrower and lender eligibility standards and program requirements; and program statistics, including loan volume, loss rates, use of proceeds, borrower satisfaction, and borrower demographics. It also examines issues raised concerning the SBA's administration of the 7(a) program, including the oversight of 7(a) lenders and the program's lack of outcome-based performance measures. In addition, the report surveys congressional action taken during the 111th Congress to enhance small businesses' access to capital, including the providing more than $1.1 billion to temporarily subsidize the 7(a) and 504/Certified Development Companies (CDC) loan guaranty programs' fees and temporarily increase the 7(a) program's maximum loan guaranty percentage to 90% (funding was exhausted on January 3, 2011); raising the 7(a) program's gross loan limit from $2 million to $5 million; and establishing an alternative size standard for the 7(a) and 504/CDC loan programs. This report also examines legislation introduced during the 112th Congress to continue the fee waivers and increase the 7(a) program's SBAExpress and recently discontinued Patriot Express programs' maximum loan amounts. It discusses the Obama Administration's decision to waive the up-front loan guaranty fee and ongoing servicing fee for 7(a) loans of $150,000 or less approved in FY2014 and FY2015; the up-front, one-time loan guaranty fee for all veteran loans under the SBAExpress program (up to $350,000) from January 1, 2014, through the end of FY2015 (called the Veterans Advantage Program); and 50% of the up-front loan guaranty fee on all non-SBAExpress 7(a) loans to veterans exceeding $150,000 in FY2015.
Download or read book Small Business Administration 50th Anniversary Reauthorization Act of 2003 written by United States. Congress. Senate. Committee on Small Business and Entrepreneurship and published by . This book was released on 2003 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book S 408 a Bill to Authorize and Provide Program Levels for the Small Business Administration for Fiscal Years 1986 1987 and 1988 written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1985 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Reauthorization and Improvements Act of 2006 written by United States. Congress. Senate. Committee on Small Business and Entrepreneurship and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Congressional Record written by United States. Congress and published by . This book was released on with total page 2538 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Download or read book Beyond Privatization written by Lester M. Salamon and published by The Urban Insitute. This book was released on 1989 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sale of SBA Loan Pool Participations written by United States Congress. House. Banking and Currency Committee and published by . This book was released on 1966 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Certified Development Company Program Improvements Act of 2000 written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2000 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sale of SBA Loan Pool Participations written by United States. Congress. House. Committee on Banking and Currency and published by . This book was released on 1966 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
