Small Business Administration 504/CDC Loan Guaranty Program.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Capital investments.

Economic policy.

Loans.

Small business.

Physical Description:

1 online resource (1 online resource (32 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 11-R4-1184c in the 2011 issue.

Discusses rationale for SBA 504/certified development company (504/CDC) program, to encourage lenders to provide loans to certain small businesses that might otherwise be considered risky investments. Covers program borrower and lender eligibility standards, requirements, and statistics, including loan volume, loss rates, use of the proceeds, borrower satisfaction, and borrower demographics. Examines previous Congressional action taken to enhance small business access to capital, including temporary subsidization of 504/CDC program third-party participation fee and certified development company processing fee. Addresses issues raised concerning SBA management of the program, including oversight of 504/CDC lenders. Assesses Obama Administration proposals and pending legislation, including H.R. 3854, the Small Business Financing and Investment Act of 2009, S. 2869, the Small Business Job Creation and Access to Capital Act of 2009, and P.L. 111-240, the Small Business Jobs Act of 2010, all to authorize changes to the 504/CDC program to enhance small business access to capital. Summarizes legislative activity in the 112th Congress.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Small Business Administration 504/CDC Loan Guaranty Program

Access Restriction:

Restricted for use by site license.