Download or read book Microloan Programs for New and Growing Small Businesses written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1991 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microloan Programs for New and Growing Small Businesses written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1991 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Administration Microloan Program written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-12-22 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Microloan program provides direct loans to qualified nonprofit intermediary lenders who, in turn, provide "microloans" of up to $50,000 to small business owners, entrepreneurs, and nonprofit child care centers. It also provides marketing, management, and technical assistance to microloan borrowers and potential borrowers. The program was authorized in 1991 as a five-year demonstration project and became operational in 1992. It was made permanent, subject to reauthorization, in 1997. The SBA's Microloan program is designed to assist women, low-income, veteran, minority entrepreneurs and small business owners, and other individuals possessing the capability to operate successful business concerns by providing them small-scale loans for working capital or the acquisition of materials, supplies, or equipment. In FY2014, Microloan intermediaries provided 3,919 microloans totaling $55.7 million. The average Microloan was $14,210 and had a 7.54% interest rate. Critics of the SBA's Microloan program argue that it is expensive relative to alternative programs, duplicative of the SBA's 7(a) loan guaranty program, and subject to administrative shortfalls. The program's advocates argue that it assists many who otherwise would not be served by the private sector and is an important source of capital and training assistance for low-income, women, and minority business owners. Congressional interest in the Microloan program has increased in recent years, primarily because microloans are viewed as a means to assist very small businesses, especially women- and minority-owned startups, to get loans that enable them to create and retain jobs. Job creation, always a congressional interest, has taken on increased importance given continuing concerns about job growth during the current economic recovery. This report opens with a discussion of the rationale provided for having a Microloan program, describes the program's eligibility standards and operating requirements for lenders and borrowers, and examines the arguments presented by the program's critics and advocates. It then discusses P.L. 111-240, the Small Business Jobs Act of 2010, which increased the Microloan program's loan limit for borrowers from $35,000 to $50,000, and the aggregate loan limit for intermediaries after their first year of participation in the program from $3.5 million to $5 million. The act also authorized the SBA to waive, in whole or in part through FY2012, the nonfederal share requirement for loans to the Microloan program's intermediaries and for grants made to Microloan intermediaries for small business marketing, management, and technical assistance for up to a fiscal year. The report also discusses several bills introduced in the 113th Congress. H.R. 3191, the Expanding Opportunities to Underserved Businesses Act, would have increased the Microloan program's loan limit for borrowers from $50,000 to $75,000. S. 2487, the Access to Capital, Access to Opportunity Act, would have increased that limit to $100,000. S. 2693, the Women's Small Business Ownership Act of 2014, would have, among other provisions, increased the Microloan program's aggregate loan limit for intermediaries after their first year of participation in the program from $5 million to $7 million. The bill would have also removed the requirements that no more than 25% of Microloan technical assistance grant funds may be used to provide information and technical assistance to prospective borrowers and that no more than 25% of those funds may be used on third-party contracts for the provision of technical assistance.
Download or read book The Facts about the Microloan Program for Entrepreneurs written by and published by . This book was released on 1999 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hearing on the Small Business Administration s Microloan Demonstration Program and Business Development Programs written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1994 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business written by Angel Becker and published by Nova Snova. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congressional interest in small business access to capital has increased in recent years because of concerns that small businesses might be prevented from accessing sufficient capital to enable them to start, continue, or expand operations and create jobs. Chapter 1 focuses on the Small Business Lending Fund (SBLF). It opens with a discussion of the supply and demand for small business loans then examines other arguments presented both for and against the program. Chapter 2 discusses how SBA monitors lenders' compliance with the credit elsewhere requirement, the extent to which SBA evaluates trends in lender credit elsewhere practices, and lenders' views on the credit elsewhere criteria for 7(a) loans. Chapter 3 examines the State Small Business Credit Initiative (SSBCI) and its implementation, including Treasury's response to initial program audits conducted by the U.S. Government Accountability Office (GAO) and Treasury's Office of Inspector General (OIG). Chapter 4 discusses small business startups' experiences with the SBA's management and technical assistance training programs, focusing on Small Business Development Centers (SBDCs), Women Business Centers (WBCs), and SCORE (formerly the Service Corps of Retired Executives); the SBA's 7(a), 504/CDC, and Microloan lending programs; and the SBA's Small Business Investment Company (SBIC) venture capital program. Chapter 5 examines small business startups' experiences with the SBA's management and technical assistance training programs, focusing on Small Business Development Centers (SBDCs), Women Business Centers (WBCs), and SCORE (formerly the Service Corps of Retired Executives); the SBA's 7(a), 504/CDC, and Microloan lending programs; and the SBA's Small Business Investment Company (SBIC) venture capital program. Chapter 6 provides an overview of the federal government's various small business mentor-protégé programs.
Download or read book Small But Mighty written by United States. Congress. House. Committee on Small Business. Subcommittee on Economic Growth, Capital Access, and Tax and published by . This book was released on 2019 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Administration Investment and Loan Programs written by Alan R. Connoly and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) Program is designed to enhance small business access to venture capital by stimulating and supplementing "the flow or private equity capital and long term loan funds which small business concerns need for the sound financing of their business operations and for their growth, expansion, and modernisation, and which are not available in adequate supply". Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. This book examines small business administration investment and loan programs with a focus on the SBIC; SBA New Markets Venture Capital program; Small Business Administration 7(a) Loan Guaranty Program; the Small Business Administration 504/CDC Loan Guaranty Program; and the microloan program.
Download or read book Reauthorization of Small Business Administration Financing and Entrepreneurial Development Programs written by United States. Congress. Senate. Committee on Small Business and Entrepreneurship and published by . This book was released on 2006 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improving Capital Access Programs Within the SBA written by United States. Congress. House. Committee on Small Business. Subcommittee on Economic Growth, Capital Access, and Tax and published by . This book was released on 2015 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microloan Program Improvement Act of 2001 written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2001 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Full Committee Hearing on Increasing Access to Capital for Our Nation s Small Businesses written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2007 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SBA s SBIC and Microloan Programs written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SBA s 7 A Loan Program written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Administration Loan Programs written by Maureen D. Larsen and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congressional interest in small business access to capital and the SBA's 7(a) program has increased in recent years for three interrelated reasons. The combination of these three factors has led to increased concern in Congress that small businesses might be prevented from accessing sufficient capital to enable small businesses to assist in the economic recovery. This book examines the SBA 7(a) Loan Guaranty program; the 504/CFC Loan Guaranty program; and the Microloan and Disaster Loan programs of the Small Business Administration, as well as their economic impact.
Download or read book Small Business written by Marc L. DuBois and published by Nova Science Pub Incorporated. This book was released on 2011 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small business size standards are of congressional interest because the definition used determines eligibility for Small Business Administration (SBA) loans and consultative support assistance as well as federal contracting preferences and federal tax preferences. Although there is bipartisan agreement that the nation's small businesses play a key role in the American economy, there are differences of opinion concerning how to define them. The Small Business Act of 1953 authorised the Small Business Administration and made it responsible for establishing size standards for determining eligibility for federal small business assistance. This book provides an historical examination of the SBA's size standards, small business access to capital and job creation, tighter credit standings and small business employment, 7(a) Loan Guaranty Program, SBA Microloan program, and health care reform and small business.
Download or read book Entrepreneurship in America written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1995 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: