504 and 7(a) Loan Programs Updates (Us Small Business Administration Regulation) (Sba) (2018 Edition)
504 and 7(a) Loan Programs Updates (Us Small Business Administration Regulation) (Sba) (2018 Edition)

Author: The Law Library

Publisher: Independently Published

Published: 2019-01-24

Total Pages: 28

ISBN-13: 9781795014670

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The Law Library presents the complete text of the 504 and 7(a) Loan Programs Updates (US Small Business Administration Regulation) (SBA) (2018 Edition). Updated as of May 29, 2018 This rule finalizes the proposed rule that the U.S. Small Business Administration ("SBA") issued to improve access to its two flagship business lending programs: the 504 Loan Program and the 7(a) Loan Program. This rule will enhance job creation through increasing eligibility for loans under SBA's business loan programs and by modifying certain program participant requirements applicable to the 504 Loan Program. In addition, SBA is revising Certified Development Company (CDC) operations requirements to clarify certain existing regulations. SBA has decided to further study the issue of how to redefine affiliation for the business loan programs and is not including any changes to the affiliation standards in this final rule. This ebook contains: - The complete text of the 504 and 7(a) Loan Programs Updates (US Small Business Administration Regulation) (SBA) (2018 Edition) - A dynamic table of content linking to each section - A table of contents in introduction presenting a general overview of the structure

Small Business Administration
Small Business Administration

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-09-16

Total Pages: 26

ISBN-13: 9781976433887

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The Small Business Administration's (SBA) purpose is to promote small business development and entrepreneurship through business financing, government contracting, and technical assistance programs. SBA's largest business financing program is its 7(a) program, which provides guarantees on loans made by private-sector lenders to small businesses that cannot obtain financing under reasonable terms and conditions from the private sector. In addition, SBA's Office of Disaster Assistance makes direct loans to households to repair or replace damaged homes and personal property and to businesses to help with physical damage and economic losses. This testimony, which is based on a number of reports that GAO issued since 1998, discusses (1) changes in SBA's oversight of the 7(a) business loan program; (2) steps SBA has taken to improve its management of information technology, human capital, and financial reporting for business loans; and (3) SBA's administration of its disaster loan

Status of the Small Business Administration's (SBA)Implementation of Administrative Provisions in the American Recovery and Reinvestment Act Of 2009
Status of the Small Business Administration's (SBA)Implementation of Administrative Provisions in the American Recovery and Reinvestment Act Of 2009

Author: William B. Shear

Publisher: DIANE Publishing

Published: 2011

Total Pages: 31

ISBN-13: 1437928145

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This is a print on demand edition of a hard to find publication. Many lenders have been reluctant to offer conventional loans -- that is, loans not guaranteed by the fed. gov¿t. -- to small bus. (SB). While the SBA loan guarantee programs are intended to help SB raise critical financing that they may have difficulty obtaining from other sources, the availability of such loans has also declined. This report reviews SBA¿s efforts to implement the 8 Amer. Recovery and Reinvest. Act (ARRA) admin. provisions. This report discusses the extent to which: (1) SBA has implemented the 8 ARRA admin. provisions; (2) ARRA admin. provisions and other actions are enhancing liquidity in the markets for SBA loans; and (3) SBA has implemented the ARC Loan Program and how its terms appeal to market participants.

Small Business Administration 7(a) Loan Guaranty Program
Small Business Administration 7(a) Loan Guaranty Program

Author: Congressional Research Service

Publisher: CreateSpace

Published: 2015-02-12

Total Pages: 44

ISBN-13: 9781508601982

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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.