Small Business Credit Programs: Elements and Analyses ( Business Issues, Competition and Entrepreneurship )

Publication series :Business Issues, Competition and Entrepreneurship

Author: Bradley N. Holloway  

Publisher: Nova Science Publishers, Inc.‎

Publication year: 2015

E-ISBN: 9781634825641

P-ISBN(Paperback): 9781634825634

Subject: L No classification

Keyword: 暂无分类

Language: ENG

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Small Business Credit Programs: Elements and Analyses

Chapter

Arguments for and Against the SBLF

The SBLF’s Implementation

Treasury’s Rollout of the Program

Small Business Lending Progress Reports

Proposed Legislation

Concluding Observations

Appendix. The SBLF’s Legislative History

The SBLF’s Legislative Origin

The House-Passed Version of the SBLF

The Senate-Passed Version of the SBLF

End Notes

State Small Business Credit Initiative: Implementation and Funding Issues

Summary

Overview

Legislative Origins

SSBCI Programs

State Capital Access Programs

State Loan Participation Programs

State Loan Guarantee Programs

State Collateral Support Programs

State Venture Capital Programs

SSBCI Funding

Application Process

The Funding Formula

State-by-State Allotments

Audits, Evaluation Reports, and Program Adjustments

GAO’s 2011 Audit

Treasury’s Response to GAO’s 2011 Audit: Performance Measures

GAO’s 2012 Audit

Treasury’s Response to GAO’s 2012 Audit: Written Policy Guidance and Publishing Performance Measures

GAO’s 2013 Audit

Treasury’s Response to GAO’s 2013 Audit: Targets for Program Performance Measures and Outreach

Treasury’s Inspector General Evaluation Reports

Treasury’s Inspector General Use of SSBCI Funds Audit Reports

California

Montana

Vermont

Michigan

Texas

Massachusetts

Delaware

New Jersey

Alabama

Missouri

Washington

Kansas

Florida

Louisiana

West Virginia

Illinois

South Carolina

American Samoa

North Carolina

Idaho

Indiana

Tennessee

North Dakota Mandan Consortium

Rhode Island (Slater Technology Fund)

Concluding Observations

End Notes

Small Business Credit Programs: Treasury Continues to Enhance Performance Measurement and Evaluation but Could Better Communicate and Update Results

Why GAO Did This Study

What GAO Recommends

What GAO Found

Abbreviations

Background

Small Business Lending Fund

State Small Business Credit Initiative

SBLF Participants Continue to Lend to Small Businesses and Additional Participants Have Exited the Program

Participants Have Used over Half of the SSBCI Funds and Treasury Continues to Address Challenges in Using Program Funds

SSBCI Participants Have Used over Half of the Total Allocated Funds, but Participants’ Rate of Fund Usage Continues to Vary

Treasury and SSBCI Participants Continue to Address Challenges in Using Program Funds and Promoting the Program

The Fiscal Year 2015 President’s Budget Proposed an Additional $1.5 Billion in SSBCI Funding

Treasury Has Enhanced Performance Measures and Evaluation but Has Not Effectively Communicated or Updated Its SBLF Evaluation

Treasury Conducted an Impact Evaluation of SBLF Using a Generally Accepted and Rigorous Approach

Treasury Has Not Effectively Communicated or Updated the Results of Its Impact Evaluation

Treasury Is Taking Steps to Improve Its Efforts to Measure and Evaluate Performance for the SSBCI Program

Conclusion

Recommendations for Executive Action

Agency Comments and Our Evaluation

Appendix I: Objectives, Scope, and Methodology

SBLF Program Status

SSBCI Program Status

Treasury’s Efforts to Enhance Performance Measures and Evaluations

Appendix II: Summary of Treasury’s Efforts to Measure and Evaluate the Performance of the Small Business Lending Fund (SBLF) and State Small Business Credit Initiative (SSBCI)

End Notes

End Notes for Appendix I

Index

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