Small Business Administration


Book Description

The Small Business Administration's (SBA) 7(a) program, initially established in 1953, provides loan guarantees to small businesses that cannot obtain credit in the conventional lending market. In fiscal year 2006, the program assisted more than 80,000 businesses with loan guarantees of nearly $14 billion. This testimony, based on a 2007 report, discusses (1) the 7(a) program's purpose and the performance measures SBA uses to assess the program's results; (2) evidence of any market constraints that may affect small businesses' access to credit in the conventional lending market; (3) the segments of the small business lending market that were served by 7(a) loans and the segments that were served by conventional loans; and (4) 7(a) program's credit subsidy costs and the factors that may cause uncertainty about these costs.




Introduction to Business


Book Description

Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.







Small Business Administration: Additional Actions are Needed to Certify and Monitor HUBZone Business and Assess Program Results


Book Description

The Small Business Admin¿s. (SBA) Historically Underutilized Business Zone (HUBZone) program provides fed. contracting assistance to small firms located in economically distressed areas, with the intent of stimulating economic dev¿t. Questions have been raised about whether the program is targeting the locations and businesses that Congress intended to assist. This testimony focuses on: (1) the criteria and process that SBA uses to identify and map HUBZone areas; (2) the mechanisms SBA uses to ensure that only eligible small businesses participate in the program; and (3) the actions SBA has taken to assess the results of the program and the extent to which fed. agencies have met HUBZone contracting goals. Includes recommend. Illus.




Small Business Administration


Book Description

The Small Business Administration's (SBA) 7(a) program is intended to provide loan guarantees to small business borrowers who cannot obtain conventional credit at reasonable terms and do not have the personal resources to provide financing themselves. In FY 2008, SBA guaranteed over 69,000 loans valued at about $13 billion. This report: (1) describes SBA's criteria and lenders' practices for determining that borrowers cannot obtain credit elsewhere; and (2) examines SBA's efforts to ensure that lenders are complying with the credit elsewhere provision. To meet these objectives, the auditor visited 18 lenders and reviewed 238 of their loan files, and reviewed 97 lender review reports. Includes recommendations. Charts and tables.