ABSTRACT

Small Business Administration 7(a) Loan Guaranty Program [November 8, 2011]   [open pdf - 431KB]

This report discusses the array of funding subsidies provided to small businesses during the economic recovery period from 2009-2011, to include the American Recovery and Reinvestment Act of 2009 (ARRA), the Small Business Jobs Act of 2010, the Continuing Appropriations and Surface Transportation Extensions Act of 2011. '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 guaranty program. It is named from Section 7(a) of the Small Business Act of 1953 (P.L. 83-163, as amended), which authorized the SBA to provide business loans and loan guaranties to American small businesses. […] This report 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. It also provides information concerning the 7(a) program's SBA Express, Patriot Express, Small Loan Advantage, and Community Advantage programs." Table 1 shows the loan volume from FY2007-FY2011.

Report Number:
CRS Report for Congress, R41146
Author:
Publisher:
Date:
2011-11-08
Copyright:
Public Domain
Retrieved From:
National Agricultural Law Center: http:nationalaglawcenter.org/
Media Type:
application/pdf
URL:
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