Small Business Administration 7(a) Loan Guaranty Program

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Economic policy.

Saving and investment.

Small business.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

Provides overview of SBA 7(a) program authorized under the Small Business Act of 1953, which provides loan guaranties to lenders to encourage them to provide loans to small businesses that might otherwise be considered risky investments. Discusses rationale provided for the 7(a) program, borrower and lender eligibility standards and program requirements, and program statistics, including loan volume, loss rates, use of proceeds and borrower satisfaction, and demographics. Examines prior Congressional action taken to assist small businesses in gaining greater access to capital, and considers issues raised concerning SBA administration of the 7(a) program, including oversight of 7(a) lenders and lack of outcome-based performance measures. 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 7(a) program so as to enhance small business access to capital

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Small Business Administration 7(a) Loan Guaranty Program

Publisher Number:

CRS-2011-GVF-0322

Access Restriction:

Restricted for use by site license