Franklin

Small Business Administration 7(a) Loan Guaranty Program [electronic resource].

Author/Creator:
Library of Congress. Government Division.
Publication:
[S.l] : [s.n.], 2012.
Format/Description:
Government document
Book
1 online resource (1 online resource (38 p), digital, PDF file)
Subjects:
Saving and investment.
Economic policy.
Loans.
Small business.
Summary:
This report is one in a series of updates. For the most recent coverage of this report series, please see 11-R4-1146d in the 2011 issue.
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, program requirements, and program statistics, including loan volume, loss rates, appropriations for subsidy costs, administrative expenses, 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; legislation in the 111th Congress, 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. 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 7(a) Loan Guaranty Program
Access Restriction:
Restricted for use by site license.
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