Small Business Administration 7 A Loan Guaranty Program
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Small Business Administration 7 A Loan Guaranty Program
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Author : Congressional Research Service
language : en
Publisher: CreateSpace
Release Date : 2014-10-23
Small Business Administration 7 A Loan Guaranty Program written by Congressional Research Service and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-23 with Business & Economics categories.
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.
Small Business Administration 7 A Loan Guaranty Program
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Author :
language : en
Publisher:
Release Date : 2016
Small Business Administration 7 A Loan Guaranty Program written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Government lending categories.
Small Business Administration 7 A Loan Guaranty Program
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Author :
language : en
Publisher:
Release Date : 2015
Small Business Administration 7 A Loan Guaranty Program written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Government lending categories.
The 7 A Loan Guaranty Program
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Author : United States. Congress. Senate. Committee on Small Business and Entrepreneurship
language : en
Publisher:
Release Date : 2002
The 7 A Loan Guaranty Program written by United States. Congress. Senate. Committee on Small Business and Entrepreneurship and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Small Business Assistance For Women
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Author :
language : en
Publisher:
Release Date : 2000
Small Business Assistance For Women written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Businesswomen categories.
Sba 7 A Small Business Loan Guaranty Program
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Author :
language : en
Publisher:
Release Date : 1993
Sba 7 A Small Business Loan Guaranty Program written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Small business categories.
Small Business Administration Loan Programs
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Author : Maureen D. Larsen
language : en
Publisher:
Release Date : 2011
Small Business Administration Loan Programs written by Maureen D. Larsen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Government lending categories.
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.
Small Business Administration
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Author : Government Accountability Office
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-09-15
Small Business Administration written by Government Accountability Office and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-15 with categories.
The Small Business Administration's (SBA) 7(a) program, initially established in 1953, provides loan guarantees to small businesses that cannot obtain credit in the conventional lending market. In fiscal year 2006, the program assisted more than 80,000 businesses with loan guarantees of nearly $14 billion. This testimony, based on a 2007 report, discusses (1) the 7(a) program's purpose and the performance measures SBA uses to assess the program's results; (2) evidence of any market constraints that may affect small businesses' access to credit in the conventional lending market; (3) the segments of the small business lending market that were served by 7(a) loans and the segments that were served by conventional loans; and (4) 7(a) program's credit subsidy costs and the factors that may cause uncertainty about these costs.
Small Business Administration 504 Cdc Loan Guaranty Program
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Author : Congressional Research Service
language : en
Publisher: CreateSpace
Release Date : 2015-02-19
Small Business Administration 504 Cdc Loan Guaranty Program written by Congressional Research Service and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-19 with Business & Economics categories.
The Small Business Administration (SBA) administers programs to support small businesses, including several 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 504 Certified Development Company (504/CDC) loan guaranty program is administered through nonprofit Certified Development Companies (CDC). It provides long-term fixed rate financing for major fixed assets, such as land, buildings, equipment, and machinery. Of the total project costs, a third-party lender must provide at least 50% of the financing, the CDC provides up to 40% of the financing through a 100% SBA-guaranteed debenture, and the applicant provides at least 10% of the financing. Its name is derived from Section 504 of the Small Business Investment Act of 1958 (P.L. 85-699, as amended), which provides the most recent authorization for the sale of 504/CDC debentures. In FY2014, the SBA approved 5,885 504/CDC loans amounting to about $4.2 billion. Congressional interest in the SBA's 504/CDC program has increased in recent years because of concern that small businesses might be prevented from accessing sufficient capital to assist in the economic recovery. During the 111th Congress, P.L. 111-240, the Small Business Jobs Act of 2010, increased the 504/CDC program's loan guaranty limits from $1.5 million to $5 million for “regular” borrowers, from $2 million to $5 million if the loan proceeds are directed toward one or more specified public policy goals, and from $4 million to $5.5 million for manufacturers. It also temporarily expanded, for two years, the types of projects eligible for 504/CDC program refinancing of existing debt, created an alternative 504/CDC size standard to increase the number of businesses eligible for assistance, and provided $505 million (plus an additional $5 million for administrative expenses) to extend temporary fee subsidies for the 504/CDC and 7(a) loan guaranty programs and a temporary increase in the 7(a) program's maximum loan guaranty percentage to 90%. The temporary fee subsidies and 90% loan guaranty percentage ended on January 3, 2011, and the temporary expansion of the projects eligible for 504/CDC program refinancing of existing debt expired on September 27, 2012. This report opens with a discussion of the rationale provided for the 504/CDC program. It then examines the program's borrower and lender eligibility standards, program requirements, and program statistics, including loan volume, loss rates, use of proceeds, borrower satisfaction, and borrower demographics. In addition, the report examines congressional action taken during the 111th Congress to help small businesses gain greater access to capital, including the enactment of P.L. 111-5, the American Recovery and Reinvestment Act of 2009 (ARRA), and P.L. 111-240, the Small Business Jobs Act of 2010. It also discusses congressional efforts during the 113th Congress to extend the temporary expansion of the projects eligible for 504/CDC program refinancing of existing debt, which expired on September 27, 2012. For example, H.R. 1240, the Commercial Real Estate and Economic Development Act of 2013 (CREED Act of 2013), would have extended the temporary expansion of the projects eligible for 504/CDC program refinancing of existing debt for five years following the bill's enactment. Its companion bill in the Senate (S. 289), as amended in committee, would have extended the temporary expansion of the projects eligible for 504/CDC program refinancing of existing debt during any fiscal year in which the 504/CDC program is operating at zero subsidy. The report also addresses issues raised concerning the SBA's administration of the program, including the oversight of 504/CDC lenders.
Full Faith And Credit
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Author : United States. Small Business Administration
language : en
Publisher:
Release Date : 1977
Full Faith And Credit written by United States. Small Business Administration and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Government lending categories.