    [Appendix]
    [Detailed Budget Estimates by Agency]
    [Small Business Administration]
    [From the U.S. Government Printing Office, www.gpo.gov]

                         THE BUDGET FOR FISCAL YEAR 2006

    [[Page 1097]]

                          SMALL BUSINESS ADMINISTRATION

        For 2006, the Budget requests $593 million in new budget authority
    for the Small Business Administration (SBA). SBA's continuing operations
    will provide approximately $25.8 billion in new loans to small
    businesses, funding for non-credit programs, and funding for the
    disaster loan program.

                                  Federal Funds

    General and special funds:

                              Salaries and Expenses

        For necessary expenses, not otherwise provided for, of the Small
    Business Administration as authorized by Public Law [106-554] 108-447,
    including hire of passenger motor vehicles as authorized by 31 U.S.C.
    1343 and 1344, and not to exceed $3,500 for official reception and
    representation expenses, [$322,335,000] $307,159,000: Provided, That the
    Administrator is authorized to charge fees to cover the cost of
    publications developed by the Small Business Administration, and certain
    loan servicing activities: Provided further, That, notwithstanding 31
    U.S.C. 3302, revenues received from all such activities shall be
    credited to this account, to be available for carrying out these
    purposes without further appropriations: Provided further, That
    [$89,000,000] $88,000,000 shall be available to fund grants for
    performance in fiscal year [2005] 2006 or fiscal year [2006] 2007 as
    authorized[: Provided further, That the Small Business Administration is
    authorized to award grants under the Women's Business Center
    Sustainability Pilot Program established by section 4(a) of Public Law
    106-165 (15 U.S.C. 656(l)): Provided further, That, of the amounts
    provided for Women's Business Centers, not less than 48 percent shall be
    available to continue Women's Business Centers in sustainability
    status]. (Departments of Commerce, Justice, and State, the Judiciary,
    and Related Agencies Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-0100-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Executive Direction...............          40          39          41
    00.02 Capital Access....................          33          37          39
    00.03 Gov. Contracting/ Bus. Development          19          19          24
    00.04 Entrepreneurial Development.......           5           5           6
    00.05 Management & Adminstration........          17          15          20
    00.06 Office of Chief Information
            Officer.........................          26          26          32
    00.07 Regional & District Offices.......         132         131         127
    00.08 Agency Wide Costs.................          49          48          50
    00.09 Non Credit Programs...............         141         133         108
    00.10 Congressional Initiatives.........          45          40
    00.12 Disaster..........................         104         502         114
    09.00 Reimbursable program..............           3          12          13
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         614       1,007         574
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           8          40          70
    22.00 New budget authority (gross)......         645       1,037         508
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         655       1,077         578
    23.95 Total new obligations.............        -614      -1,007        -574
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          40          70           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         372         362         307
    40.35   Appropriation permanently
              reduced.......................          -4          -5
    42.00   Transferred from other accounts.          30
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         398         357         307
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............         247         680         201
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         645       1,037         508
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         311         288         254
    73.10 Total new obligations.............         614       1,007         574
    73.20 Total outlays (gross).............        -623      -1,041        -532
    73.40 Adjustments in expired accounts
            (net)...........................         -12
    73.45 Recoveries of prior year
            obligations.....................          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         288         254         296
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         466         876         370
    86.93 Outlays from discretionary
            balances........................         157         165         162
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         623       1,041         532
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Payments from business loan
                program account.............        -127        -125        -129
    88.00     Payments from disaster loan
                program account.............        -113        -540         -56
    88.00     Federal sources...............          -3         -12         -13
    88.45     Offsetting governmental
                collections (from non-
                Federal sources)............          -4          -3          -3
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -247        -680        -201
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         398         357         307
    90.00 Outlays...........................         376         361         331
    ---------------------------------------------------------------------------

        The appropriation for this account is necessary to cover the
    administrative expenses for headquarters and non-credit programs.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-0100-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         177         177         174
    11.3      Other than full-time permanent          11          11          10
    11.5      Other personnel compensation..           3           3           3
                                               ---------   ---------  ----------
    11.9        Total personnel compensation         191         191         187
    12.1    Civilian personnel benefits.....          49          49          47
    21.0    Travel and transportation of
              persons.......................           6           5           6
    23.1    Rental payments to GSA..........          35          34          35
    23.3    Communications, utilities, and
              miscellaneous charges.........           6           6           6
    24.0    Printing and reproduction.......           1           1           1
    25.2    Other services..................          48          33          51
    25.3    Other purchases of goods and
              services from Government
              accounts (Disaster
              Administrative Expenses)......         104         502         114
    26.0    Supplies and materials..........           2           2           2
    31.0    Equipment.......................           2           2           5
    41.0    Grants, subsidies, and
              contributions.................         170         173         110
                                               ---------   ---------  ----------
    99.0      Direct obligations............         614         998         564
    99.0  Reimbursable obligations..........                       9          10
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         614       1,007         574
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 73-0100-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       3,304       4,075       3,164
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          11          11          11
    ---------------------------------------------------------------------------

    [[Page 1098]]

        Note.--The personnel summary includes regular (non-disaster) full-
    time equivalents (FTEs) of 2461, 2380, 2248 in 2004, 2005, and 2006,
    respectively.

                           Office of Inspector General

        For necessary expenses of the Office of Inspector General in
    carrying out the provisions of the Inspector General Act of 1978,
    [$13,014,000] $14,500,000. (Departments of Commerce, Justice, and State,
    the Judiciary, and Related Agencies Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-0200-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Audit.............................           5           5           6
    00.02 Investigations....................           7           7           8
    00.03 Management Policy.................           1           1           1
    00.04 General Office/Legal Counsel......           1           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          14          14          16
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          14          14          16
    23.95 Total new obligations.............         -14         -14         -16
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          13          13          15
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           1           1           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          14          14          16
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          14          14          16
    73.20 Total outlays (gross).............         -12         -14         -16
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          12          13          15
    86.93 Outlays from discretionary
            balances........................                       1           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          12          14          16
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Payments from disaster
              loan program account..........          -1          -1          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          13          13          15
    90.00 Outlays...........................          13          13          15
    ---------------------------------------------------------------------------

        The Budget proposes $14.5 million in new budget authority and $0.9
    million transferred from the Disaster Loans Program account for a total
    of $15.4 million for the Office of Inspector General (OIG) for 2006.
    This appropriation provides funds for agency-wide audit, investigative,
    and related functions to promote economy and efficiency in agency
    operations and to prevent and detect fraud, waste, and abuse.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-0200-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........           8           9          10
    11.5      Other personnel compensation..           1           1           1
                                               ---------   ---------  ----------
    11.9        Total personnel compensation           9          10          11
    12.1    Civilian personnel benefits.....           2           2           2
    25.2    Other services..................           2           1           2
                                               ---------   ---------  ----------
    99.0      Direct obligations............          13          13          15
    99.0  Reimbursable obligations..........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          14          14          16
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 73-0200-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          98         103         107
    ---------------------------------------------------------------------------

    Public enterprise funds:

                      Surety Bond Guarantees Revolving Fund

        For additional capital for the Surety Bond Guarantees Revolving
    Fund, authorized by the Small Business Investment Act, as amended,
    [$2,900,000] $3,000,000, to remain available until expended.
    (Departments of Commerce, Justice, and State, the Judiciary, and Related
    Agencies Appropriations Act, 2005.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4156-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable obligations..........           8          10          10
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................           8          10          10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          23          23          22
    22.00 New budget authority (gross)......           8           9           9
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          31          32          31
    23.95 Total new obligations.............          -8         -10         -10
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          23          22          21
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                       3           3
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           8           6           6
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................           8           9           9
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                       1           1
    73.10 Total new obligations.............           8          10          10
    73.20 Total outlays (gross).............          -7         -10         -10
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           1           1           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           7           9           9
    86.93 Outlays from discretionary
            balances........................                       1           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           7          10          10
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -8          -6          -6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                       3           3
    90.00 Outlays...........................                       4           4
    ---------------------------------------------------------------------------

        SBA is authorized to issue bond guarantees to surety companies for
    construction, service, and supply contracts that do not exceed
    $2,000,000 and to reimburse these sureties up to 90 percent of the
    losses sustained if the contractor defaults. SBA's guarantees provide
    the incentive necessary for sureties to issue bonds to small contractors
    who could not otherwise compete in the contracting industry.

        In 2006, the Budget proposes a $1.7 billion program level that is
    anticipated to be sufficient to accommodate demand from prior-approval
    and preferred sureties.

    [[Page 1099]]

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4156-0-3-376

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    23

    23

            Investments in US securities:
    1106

    Receivables, net

    6

    5

    1999

    Total assets

    29

    28

        LIABILITIES:
    2201

    Non-Federal liabilities: Accounts payable

    20

    21

    2999

    Total liabilities

    20

    21

        NET POSITION:
    3100

    Appropriated capital

    281

    1

    3300

    Cumulative results of operations

    -272

    6

    3999

    Total net position

    9

    7

    4999

    Total liabilities and net position

    29

    28

    -----------------------------------------------------------------------------------------------

    Credit accounts:

                         Business Loans Program Account

        [For the cost of direct loans, $1,455,000, to remain available until
    expended: Provided, That such costs, including the cost of modifying
    such loans, shall be as defined in section 502 of the Congressional
    Budget Act of 1974: Provided further, That subject] Subject to section
    502 of the Congressional Budget Act of 1974, during fiscal year [2005]
    2006 commitments to guarantee loans under section 503 of the Small
    Business Investment Act of 1958, shall not exceed [$5,000,000,000]
    $5,500,000,000: [Provided further, That subsection 503(f) of the Small
    Business Investment Act of 1958 (15 U.S.C. 697(f)), as amended by
    section 2 of Public Law 108-217, is further amended by striking
    ``October 1, 2004'' and inserting ``October 1, 2005'':] Provided
    [further], That during fiscal year [2005] 2006 commitments for general
    business loans authorized under section 7(a) of the Small Business Act,
    shall not exceed [$16,000,000,000] $16,500,000,000: Provided further,
    That during fiscal year [2005] 2006 commitments to guarantee loans for
    debentures [and participating securities] under section 303(b) of the
    Small Business Investment Act of 1958, shall not exceed [the levels
    established by section 20(i)(1)(C) of the Small Business Act]
    $3,000,000,000: Provided further, That during fiscal year [2005] 2006
    guarantees of trust certificates authorized by section 5(g) of the Small
    Business Act shall not exceed a principal amount of [$10,000,000,000]
    $12,000,000,000.
        In addition, for administrative expenses to carry out the direct and
    guaranteed loan programs, [$126,653,000] $129,000,000, which may be
    transferred to and merged with the appropriations for Salaries and
    Expenses. (Departments of Commerce, Justice, and State, the Judiciary,
    and Related Agencies Appropriations Act, 2005.)

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    0102  Negative subsidies/subsidy
            reestimates.....................         228         470
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............           2           1
    00.02 Guaranteed loan subsidy...........          91
    00.05 Reestimate of direct loan.........          26
    00.06 Interest on direct loan
            reestimation....................           4
    00.07 Reestimate of loan guarantee
            subsidy.........................       1,939       1,357
    00.08 Interest on reestimates of loan
            guarantee subsidy...............         465         549
    00.09 Administrative expenses...........         127         125         129
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       2,654       2,032         129
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          26          15          15
    22.00 New budget authority (gross)......       2,643       2,032         129
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       2,669       2,047         144
    23.95 Total new obligations.............      -2,654      -2,032        -129
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          15          15          15
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         209         128         129
    40.35   Appropriation permanently
              reduced.......................          -2          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         207         126         129
          Mandatory:

    60.00   Appropriation...................       2,434       1,906
          Discretionary:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       2,643       2,032         129
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          85          62          61
    73.10 Total new obligations.............       2,654       2,032         129
    73.20 Total outlays (gross).............      -2,675      -2,033        -128
    73.40 Adjustments in expired accounts
            (net)...........................          -2
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          62          61          62
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         177          79          81
    86.93 Outlays from discretionary
            balances........................          64          48          47
    86.97 Outlays from new mandatory
            authority.......................       2,434       1,906
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       2,675       2,033         128
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       2,641       2,032         129
    90.00 Outlays...........................       2,673       2,033         128
    ---------------------------------------------------------------------------

                                 Performance Metrics

    ----------------------------------------------------------------------------
    Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Section 504 Certified Development Company
                    Guaranteed Loan Program:
    36401 Estimated number of jobs created
            or retained.....................     152,287      84,797
    36403 Number of 504 loans guaranteed....       8,357       6,300
    36404 Cost to originate each loan.......       3,912       3,491
        Section 7 (a) Guaranteed Loan Program:
    234618Administrative cost per loan ($)..       2,349         997         729
    ---------------------------------------------------------------------------

    Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
                                millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001Micro loans.......................          23          10
                                               ---------   ---------  ----------
    115901Total direct loan levels..........          23          10
        Direct loan subsidy (in percent):
    132001Micro loans.......................        9.55       10.25        0.00
                                               ---------   ---------  ----------
    132901Weighted average subsidy rate.....        9.55       10.25        0.00
        Direct loan subsidy budget authority:
    133001Micro loans.......................           2           1
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....           2           1
        Direct loan subsidy outlays:
    134001Micro loans.......................           2           1
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............           2           1
        Direct loan upward reestimate subsidy budget
                    authority:
    135001Msc. loans........................          30
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................          30
        Direct loan downward reestimate subsidy budget
                    authority:
    137001Misc. loans.......................          -2
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................          -2
    ----------------------------------------------------------------------------

        Guaranteed loan levels supportable by subsidy
                    budget authority:
    215001Microloan guarantees..............

    [[Page 1100]]

    215002General business--7(a)............       4,623      16,000      16,500
    215002General business--7(a)............       7,204
    215003General business--Terrorist
            response........................
    215004Section 504.......................       3,966       5,000       5,500
    215005Section 504 -DELTA................
    215006SBIC debentures...................         607       3,250       3,000
    215007SBIC participating securities.....       4,000
    215008New Market Venture Capital........                       3
    215009General business 7(a) DELTA.......
    215010Secondary market guarantee........       3,572      10,000      12,000
                                               ---------   ---------  ----------
    215901Total loan guarantee levels.......      23,972      34,253      37,000
        Guaranteed loan subsidy (in percent):
    232001Microloan guarantees..............        8.66        8.66        0.00
    232002General business--7(a)............        1.06        0.00        0.00
    232002General business--7(a)............        0.58        0.00        0.00
    232003General business--Terrorist
            response........................        1.06        1.06        0.00
    232004Section 504.......................        0.00        0.00        0.00
    232005Section 504-DELTA.................        0.00        0.88        0.00
    232006SBIC debentures...................        0.00        0.00        0.00
    232007SBIC participating securities.....        0.00        0.00        0.00
    232008New Market Venture Capital........       16.05       16.03        0.00
    232009General business 7(a) DELTA.......        0.00        1.56        0.00
    232010Secondary market guarantee........        0.00        0.00        0.00
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....        0.38        0.00        0.00
        Guaranteed loan subsidy budget authority:
    233001Microloan guarantees..............
    233002General business--7(a)............          49
    233002General business--7(a)............          42
    233003General business--Terrorist
            response........................
    233004Section 504.......................
    233005Section 504-DELTA.................
    233006SBIC debentures...................
    233007SBIC participating securities.....
    233008New Market Venture Capital........
    233009General business 7(a) DELTA.......
    233010Secondary market guarantee........
                                               ---------   ---------  ----------
    233901Total subsidy budget authority....          91
        Guaranteed loan subsidy outlays:
    234001Microloan guarantees..............
    234002General business--7(a)............         110
    234002General business--7(a)............
    234003General business--7(a) terrorist
            response........................
    234004Section 504.......................
    234005Section 504- DELTA................
    234006SBIC debentures...................
    234007SBIC participating securities.....
    234008New Market Venture Capital........
    234009General business 7(a) -DELTA......
    234010Secondary market guarantee........
                                               ---------   ---------  ----------
    234901Total subsidy outlays.............         110
        Guaranteed loan upward reestimate subsidy
                    budget authority:
    235001Microloan guarantees..............
    235002General business 7(a).............         304         556
    235003General business--7(a) terrorist
            response........................
    235004Section 504.......................           3         221
    235005Section 504-DELTA.................
    235006SBIC debentures...................         128         117
    235007SBIC participating securities.....       1,864         968
    235008New Market Venture Capital........
    235009General business 7(a) -DELTA......
    235010Secondary market guarantee........         105          44
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................       2,404       1,906
        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001Microloan guarantees..............
    237002general business 7(a).............        -106        -135
    237003General business--7(a)-terrorist
            response........................                     -13
    237004Section 504.......................         -82         -98
    237005Section 504 -DELTA................
    237006SBIC debentures...................         -38        -178
    237007SBIC participating securities.....                     -46
    237008New Market Venture Capital........
    237009General business 7(a)--DELTA......
    237010Secondary market guarantee........
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................        -226        -470
    ----------------------------------------------------------------------------

        Administrative expense data:
    351001Budget authority..................         126         127         129
    359001Outlays from new authority........         126         127         128
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this account records, for this program, the subsidy costs associated
    with the direct loans obligated and loan guarantees committed in 1992
    and beyond (including modifications of direct loans or loan guarantees
    that resulted from obligations or commitments in any year), as well as
    administrative expenses of this program. The subsidy amounts are
    estimated on a present value basis; the administrative expenses are
    estimated on a cash basis.

        For 2006, the budget proposes $129 million in new budget authority
    for the Business Loans Program account. This amount will be used to
    administer the loan programs. For all business loan programs, borrowers'
    fees are sufficient to cover credit subsidy obligations.

        The Section 7(a) program provides general business credit
    assistance. The requested program level for 2006 is $16.5 billion. The
    Section 504 CDC Program is for long-term fixed rate financing and will
    require a program level of $5.5 billion in 2006. The Small Business
    Investment Company (SBIC) program provides credit to support venture
    capital investments. The Budget proposes a program level of $3 billion
    for SBIC Debentures.

        As part of the Secondary Market Guarantee (SMG), the Master Reserve
    Fund (MRF) is maintained by the SBA's fiscal agent as part of its
    administration of the secondary market program. SBA's loan pooling
    program provides for the pooling of loans having terms that vary with a
    range prescribed by SBA, while the secondary investors have a fixed term
    for their investment that is the term of the longest loan in the pool.
    The MRF balances include principal paid by borrowers on pooled loans and
    interest on borrowers' payments received prior to their disbursement to
    the secondary holders. The earnings on the balances fund the SBA's
    guarantee of the timely payment of principal and interest owed to the
    holders of SBA guaranteed pool securities.

        SBA budgets for the secondary market program in accordance with the
    Federal Credit Reform Act. SBA has refined its subsidy estimates and is
    accounting for loans in both financing and liquidating accounts. SBA's
    secondary market program has approximately $14 billion of currently
    outstanding investments held by secondary market pool holders.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1154-0-1-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................         126         125         129
    41.0  Grants, subsidies, and
            contributions...................       2,528       1,907
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       2,654       2,032         129
    ---------------------------------------------------------------------------

                     Business Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4148-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loans......................          23          10
    00.02 Interest on Treasury borrowing....          21          25
    00.03 Other expense.....................           1           1           1
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal......................          45          36           1
    08.02 Payment of downward reestimate to
            a receipt account...............           1
    08.04 Payment of interest on downward
            reestimate to a receipt account.           1
                                               ---------   ---------  ----------

    [[Page 1101]]

    08.91   Direct Program by Activities--
              Subtotal......................           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          47          36           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         315          74
    22.00 New financing authority (gross)...          88          39          18
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           2
    22.60 Portion applied to repay debt.....        -284         -77         -17
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         121          36           1
    23.95 Total new obligations.............         -47         -36          -1
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          74
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............          22
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).          67          39          18
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          -1
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....          66          39          18
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          88          39          18
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          28          29          35
    73.10 Total new obligations.............          47          36           1
    73.20 Total financing disbursements
            (gross).........................         -45         -30          -5
    73.45 Recoveries of prior year
            obligations.....................          -2
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           1
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          29          35          31
    87.00 Total financing disbursements
            (gross).........................          45          30           5
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Payments from
                program account.............          -2          -1
    88.00     Upward reestimate.............         -26
    88.00     Interest on reestimate........          -4
    88.25     Interest on uninvested funds..         -15         -16
    88.40     Repayments of principal, net..         -18         -13         -11
    88.40     Other income..................          -2          -9          -7
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -67         -39         -18
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............           1
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............          22
    90.00 Financing disbursements...........         -22          -9         -13
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4148-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........          23          10
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...          23          10
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........         127         132         127
    1231  Disbursements: Direct loan
            disbursements...................          21          15           5
    1251  Repayments: Repayments and
            prepayments.....................         -15         -14         -12
    1263  Write-offs for default: Direct
            loans...........................          -1          -6          -5
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........         132         127         115
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this non-budgetary account records all cash flows to and from the
    Government resulting from direct loans obligated in 1992 and beyond
    (including modifications of direct loans that resulted from obligations
    in any year). The amounts in this account are a means of financing and
    are not included in the budget totals.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4148-0-3-376

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101

    Federal assets: Fund balances with Treasury

    343

    102

    1206

    Non-Federal assets: Receivables, net

    2

          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401

    Direct loans receivable, gross

    127

    132

    1405

    Allowance for subsidy cost (-)

    -10

    -42

    1499

    Net present value of assets related to direct loans

    117

    90

    1999

    Total assets

    460

    194

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    2

    2103

    Debt

    454

    191

    2207

    Non-Federal liabilities: Other

    4

    3

    2999

    Total liabilities

    460

    194

    4999

    Total liabilities and net position

    460

    194

    -----------------------------------------------------------------------------------------------

                   Business Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4149-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default claims....................       1,372       1,264       1,350
    00.02 Interests on Treasury borrowing...         154         175         200
    00.05 Other Expenses....................         192          15          15
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal......................       1,718       1,454       1,565
                                               ---------   ---------  ----------
    02.00   Interest on Treasury borrowing..       1,718       1,454       1,565
    08.02 Payment of downward reestimate to
            receipt account.................         189         323
    08.04 Payment of interest on downward
            reestimate to receipt account...          37         147
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal......................         226         470
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,944       1,924       1,565
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         249       3,071       4,693
    22.00 New financing authority (gross)...       4,766       3,546       1,600
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       5,015       6,617       6,293
    23.95 Total new obligations.............      -1,944      -1,924      -1,565
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........       3,071       4,693       4,728
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............       1,400         500         300
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).       3,412       3,046       1,300
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........         -46
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....       3,366       3,046       1,300
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................       4,766       3,546       1,600
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         -68         -39
    73.10 Total new obligations.............       1,944       1,924       1,565
    73.20 Total financing disbursements
            (gross).........................      -1,961      -1,885      -1,565
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          46
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         -39
    87.00 Total financing disbursements
            (gross).........................       1,961       1,885       1,565
    ----------------------------------------------------------------------------

    [[Page 1102]]

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Payments from program account.        -111
    88.00     Upward reestimate.............      -1,939      -1,357
    88.00     Interest on reestimate........        -465        -549
    88.00     Other.........................         -18
    88.25     Interest on uninvested funds..        -122        -125        -130
    88.40     Fees..........................        -501        -700        -800
    88.40     Recoveries....................        -244        -300        -350
    88.40     other.........................         -12         -15         -20
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........      -3,412      -3,046      -1,300
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............          46
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............       1,400         500         300
    90.00 Financing disbursements...........      -1,451      -1,161         265
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4149-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........      23,972      34,253      37,000
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................      23,972      34,253      37,000
    2199  Guaranteed amount of guaranteed
            loan commitments................      15,957      21,375      21,375
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........      52,630      56,962      67,560
    2231  Disbursements of new guaranteed
            loans...........................      14,067      21,000      21,000
    2251  Repayments and prepayments........      -8,363      -9,100      -9,900
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................      -1,372      -1,302      -1,267
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........      56,962      67,560      77,393
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..      54,975      51,000      53,600
    ----------------------------------------------------------------------------

        Addendum:
          Cumulative balance of defaulted guaranteed
              loans that result in loans receivable:

    2310    Outstanding, start of year......       1,830       2,769       3,412
    2331    Disbursements for guaranteed
              loan claims...................       1,372       1,302       1,267
    2351    Repayments of loans receivable..        -302        -227        -232
    2361    Write-offs of loans receivable..        -241        -255        -275
    2364    Other adjustments, net..........         110        -177        -150
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......       2,769       3,412       4,022
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this non-budgetary account records all cash flows to and from the
    Government resulting from loan guarantees committed in 1992 and beyond
    (including modifications of loan guarantees that resulted from
    commitments in any year). The amounts in this account are a means of
    financing and are not included in the budget totals.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4149-0-3-376

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    181

    3,032

            Investments in US securities:
    1106

    Receivables, net

    18

    1,763

          Non-Federal assets:

    1206

    Receivables, net

    30

    34

    1207

    Advances and prepayments

    19

          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501

    Defaulted guaranteed loans receivable, net

    1,840

    2,769

    1505

    Allowance for subsidy cost (-)

    -2,459

    1599

    Net present value of assets related to defaulted guaranteed loans

    1,840

    310

    1901

    Other Federal assets: Public and other

    720

    1999

    Total assets

    2,789

    5,158

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    5

    2103

    Debt

    1,092

    2,492

    2105

    Other

    488

          Non-Federal liabilities:

    2201

    Accounts payable

    54

    23

    2204

    Liabilities for loan guarantees

    1,626

    2,175

    2207

    Other

    12

    -20

    2999

    Total liabilities

    2,789

    5,158

    4999

    Total liabilities and net position

    2,789

    5,158

    -----------------------------------------------------------------------------------------------

                     Business Loan Fund Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Interest Expense to Treasury......           8           5           4
    00.05 Guaranteed loan default claims....           6           4           3
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          14           9           7
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         143          93
    22.00 New budget authority (gross)......         128         105          59
    22.40 Capital transfer to general fund..        -143        -172         -39
    22.60 Portion applied to repay debt to
            FFB.............................         -21         -17         -13
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         107           9           7
    23.95 Total new obligations.............         -14          -9          -7
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          93
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          50          50          20
    69.00 Offsetting collections (cash).....          81          55          39
    69.10 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -3
                                               ---------   ---------  ----------
    69.90   Spending authority from
              offsetting collections (total
              mandatory)....................          78          55          39
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         128         105          59
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          36          15           4
    73.10 Total new obligations.............          14           9           7
    73.20 Total outlays (gross).............         -38         -20         -10
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           3
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          15           4           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          38          20          10
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -3
              Loan repayments:
    88.40       Financing programs-principal         -23         -18         -11
    88.40       Investment programs-
                  principal.................          -8          -5          -4
    88.40       Interest Income-Business &
                  investment................         -10          -7          -6
    88.40       Fees........................          -6          -4          -3
    88.40       Collection on FFB loans.....         -21         -17         -13
    88.40       Other Income-both Business
                  and Investment............         -10          -4          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -81         -55         -39

    [[Page 1103]]

          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          50          50          20
    90.00 Outlays...........................         -43         -35         -29
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........         106          75          51
    1251  Repayments: Repayments and
            prepayments.....................         -26         -21         -17
    1263  Write-offs for default: Direct
            loans...........................          -5          -3          -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          75          51          33
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          78          57          40
    1251  Repayments: Repayments and
            prepayments.....................         -21         -17         -13
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          57          40          27
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         758         531         375
    2251  Repayments and prepayments........        -205        -150        -119
          Adjustments:

    2261    Terminations for default that
              result in loans receivable....          -6          -6          -5
    2264    Other adjustments, net..........         -16
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         531         375         251
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         467         330         220
    ----------------------------------------------------------------------------

        Addendum:
          Cumulative balance of defaulted guaranteed
              loans that result in loans receivable:

    2310    Outstanding, start of year......         106          79          60
    2331    Disbursements for guaranteed
              loan claims...................           6           6           5
    2351    Repayments of loans receivable..         -26         -15         -13
    2361    Write-offs of loans receivable..          -8          -7          -5
    2364    Other adjustments, net..........           1          -3          -1
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          79          60          46
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this account records, for this program, all cash flows to and from the
    Government resulting from direct loans obligated and loan guarantees
    committed prior to 1992. This account is shown on a cash basis. All new
    activity in this program in 1992 and beyond (including modifications of
    direct loans or loan guarantees that resulted from obligations or
    commitments in any year) is recorded in corresponding program and
    financing accounts.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4154-0-3-376

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    179

    108

            Investments in US securities:
    1106

    Receivables, net

    3

    3

          Non-Federal assets:

    1206

    Receivables, net

    1

    1

    1207

    Advances and prepayments

    4

    4

          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601

    Direct loans, gross

    184

    133

    1699

    Value of assets related to direct loans

    184

    133

    1901

    Other Federal assets: Other assets

    46

    35

    1999

    Total assets

    417

    284

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    32

    8

    2103

    Debt

    80

    58

    2105

    Other Liabilities

    274

    183

          Non-Federal liabilities:

    2201

    Accounts payable

    6

    8

    2207

    Other Liabilities

    25

    27

    2999

    Total liabilities

    417

    284

    4999

    Total liabilities and net position

    417

    284

    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4154-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    42.0  Insurance claims and indemnities..           6           4           3
    43.0  Interest and dividends............           8           5           4
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          14           9           7
    ---------------------------------------------------------------------------

                         Disaster Loans Program Account

        For the cost of direct loans authorized by section 7(b) of the Small
    Business Act, $83,335,000, to remain available until expended: Provided,
    That such costs, including the cost of modifying such loans, shall be as
    defined in section 502 of the Congressional Budget Act of 1974. In
    addition, for administrative expenses to carry out the direct loan
    program authorized by section 7(b), of the Small Business Act,
    [$113,159,000] $56,000,000, to remain available until expended, which
    may be transferred to and merged with appropriations for Salaries and
    Expenses, of which [$500,000] $900,000 is for the Office of Inspector
    General of the Small Business Administration for audits and reviews of
    disaster loans and the disaster loan program and shall be transferred to
    and merged with appropriations for the Office of Inspector General; of
    which [$104,409,000] $46,100,000 is for direct administrative expenses
    of loan making and servicing to carry out the direct loan program[, to
    remain available until expended]; and of which [$8,250,000] $9,000,000
    is for indirect administrative expenses: Provided, That any amount in
    excess of [$8,250,000] $9,000,000 to be transferred to and merged with
    appropriations for Salaries and Expenses for indirect administrative
    expenses shall be treated as a reprogramming of funds under section 605
    of this Act and shall not be available for obligation or expenditure
    except in compliance with the procedures set forth in that section.
    (Departments of Commerce, Justice, and State, the Judiciary, and Related
    Agencies Appropriations Act, 2005.)
        [For an additional amount for ``Disaster Loans Program Account'' for
    the cost of direct loans, $501,000,000, to remain available until
    expended: Provided, That such costs, including the cost of modifying
    such loans, shall be as defined in Section 502 of the Congressional
    Budget Act of 1974.
        In addition, for an additional amount for ``Disaster Loans Program
    Account'' for administrative expenses to carry out the disaster loan
    program, $428,000,000, to remain available until expended, which may be
    transferred to the appropriations for ``Salaries and Expenses'':
    Provided, That no funds shall be transferred to the appropriations for
    ``Salaries and Expenses'' for indirect administrative expenses: Provided
    further, That the amounts provided under this heading are designated as
    an emergency requirement pursuant to section 402 of S. Con. Res. 95
    (108th Congress), as made applicable to the House of Representatives by
    H. Res. 649 (108th Congress) and applicable to the Senate by section
    14007 of Public Law 108-287.] (Emergency Supplemental Appropriations for
    Hurricane Disasters Assistance Act, 2005.)

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    0102  Negative subsidies/subsidy
            reestimates.....................           2          70
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............          80         501          83

    [[Page 1104]]

    00.05 Upward reestimate of direct loans.         591         222
    00.06 Interest on upward reestimates of
            direct loans....................         537         114
    00.09 Administrative expense............         113         541          56
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,321       1,378         139
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          38          29          37
    22.00 New budget authority (gross)......       1,298       1,376         139
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          14          10
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,350       1,415         176
    23.95 Total new obligations.............      -1,321      -1,378        -139
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          29          37          37
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         171         113         139
    40.00   Appropriation (supplemental)....                     929
    40.35   Appropriation permanently
              reduced.......................          -2          -2
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         169       1,040         139
          Mandatory:

    60.00   Appropriation...................       1,128         336
          Discretionary:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       1,298       1,376         139
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          36          43         207
    73.10 Total new obligations.............       1,321       1,378         139
    73.20 Total outlays (gross).............      -1,300      -1,204        -345
    73.45 Recoveries of prior year
            obligations.....................         -14         -10
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..          43         207           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         131         800         107
    86.93 Outlays from discretionary
            balances........................          41          68         238
    86.97 Outlays from new mandatory
            authority.......................       1,128         336
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,300       1,204         345
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,297       1,376         139
    90.00 Outlays...........................       1,299       1,204         345
    ---------------------------------------------------------------------------

    Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
                                millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001Disaster Loan.....................         664       3,966         810
    115001EIDL Terrorist Attack.............           3          16
    115001PHY Terrorist Attack..............           1
                                               ---------   ---------  ----------
    115901Total direct loan levels..........         668       3,982         810
        Direct loan subsidy (in percent):
    132001Disaster Loan.....................       11.72       12.86       14.64
    132001EIDL Terrorist Attack.............       23.20        0.00        0.00
    132001PHY Terrorist Attack..............       11.72        0.00        0.00
                                               ---------   ---------  ----------
    132901Weighted average subsidy rate.....       11.72       12.86       14.64
        Direct loan subsidy budget authority:
    133001Disaster Loan.....................          78         510          83
    133001EIDL Terrorist Attack.............           1           4
    133001PHY Terrorist Attack..............
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....          79         514          83
        Direct loan subsidy outlays:
    134001Disaster Loan.....................          58         390          64
    134001EIDL Terrorist Attack.............
    134001PHY Terrorist Attack..............
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............          58         390          64
        Direct loan upward reestimate subsidy budget
                    authority:
    135001Disaster Loan.....................       1,128         336
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................       1,128         336
        Direct loan downward reestimate subsidy budget
                    authority:
    137001Disaster Loan.....................          -2         -70
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................          -2         -70
    ----------------------------------------------------------------------------

        Administrative expense data:
    351001Budget authority..................         114         541          56
    359001Outlays from new authority........         113         551          56
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this account records, for loans made pursuant to section 7(b) of the
    Small Business Act, as amended, the subsidy costs associated with the
    direct loans obligated in 1992 and beyond (including modifications of
    direct loans or loan guarantees that resulted from obligations or
    commitments in any year), as well as administrative expenses of this
    program. The subsidy amounts are estimated on a present value basis; the
    administrative expenses are estimated on a cash basis.

        Disaster loans made pursuant to Section 7(b) of the Small Business
    Act are the primary form of Federal assistance for non-farm, private
    sector disaster losses. For this reason, the program is the only form of
    SBA assistance not limited to small businesses. Through this program,
    SBA helps homeowners, renters, businesses of all sizes, and non-profit
    organizations pay for the cost of rebuilding. Pursuant to the Small
    Business Act, the government subsidizes borrowers who have incurred
    uninsured losses or economic injury as the result of a natural disaster.

        For 2006, SBA will rely on anticipated carry-over balances of $25.3
    million from 2005 plus $10 million in recoveries to support $810 million
    in loans. The subsidy rate is 14.64 percent.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-1152-0-1-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................         113         541          56
    41.0  Grants, subsidies, and
            contributions...................       1,208         837          83
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,321       1,378         139
    ---------------------------------------------------------------------------

                     Disaster Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4150-0-3-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loans......................         668       3,966         810
    00.02 Interest on Treasury borrowing....         335         600         300
    00.03 Other.............................          13
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal......................       1,016       4,566       1,110
    08.02 Payment of downward reestimate to
            a receipt account...............           1          27
    08.04 Payment of interest on downward
            reestimate to a receipt account.           1          43
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal......................           2          70
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,018       4,636       1,110
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........       1,205       2,844
    22.00 New financing authority (gross)...       2,550       5,267       1,395
    22.10 Resources available from
            recoveries of prior year
            obligations.....................         107

    [[Page 1105]]

    22.60 Portion applied to repay debt.....                  -3,475        -285
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       3,862       4,636       1,110
    23.95 Total new obligations.............      -1,018      -4,636      -1,110
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........       2,844
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............         782       3,711         691
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).       1,778       1,556         704
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........         -10
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....       1,768       1,556         704
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................       2,550       5,267       1,395
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         180         293       2,003
    73.10 Total new obligations.............       1,018       4,636       1,110
    73.20 Total financing disbursements
            (gross).........................        -808      -2,926      -1,100
    73.45 Recoveries of prior year
            obligations.....................        -107
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          10
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..         293       2,003       2,013
    87.00 Total financing disbursements
            (gross).........................         808       2,926       1,100
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Payments from program account.         -59        -390         -64
    88.00     Upward reestimate.............        -999        -222
    88.00     Interest on upward reestimate.        -129        -114
    88.25     Interest income from Treasury.        -178        -375        -275
    88.40     Repayments of principal, net..        -410        -450        -350
    88.40     Collection of misc.
                receivables.................          -3          -5         -15
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........      -1,778      -1,556        -704
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............          10
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............         782       3,711         691
    90.00 Financing disbursements...........        -971       1,370         396
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4150-0-3-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
    1131  Direct loan obligations exempt
            from limitation.................         668       3,966         810
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...         668       3,966         810
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       2,935       3,034       5,692
    1231  Disbursements: Direct loan
            disbursements...................         467       2,900       1,100
    1251  Repayments: Repayments and
            prepayments.....................        -316        -200        -350
    1263  Write-offs for default: Direct
            loans...........................         -52         -42         -60
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       3,034       5,692       6,382
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this non-budgetary account records all cash flows to and from the
    Government resulting from direct loans obligated in 1992 and beyond
    (including modifications of direct loans that resulted from obligations
    in any year). The amounts in this account are a means of financing and
    are not included in the budget totals.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4150-0-3-453

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101

    Fund balances with Treasury

    1,385

    3,137

            Investments in US securities:
    1106

    Interest/Accounts Receivables

    64

    375

          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401

    Direct loans receivable, gross

    2,935

    3,034

    1405

    Allowance for subsidy cost (-)

    -630

    -613

    1499

    Net present value of assets related to direct loans

    2,305

    2,421

    1504

    Net value of assets related to post-1991 acquired defaulted guaranteed
    loans receivable: Foreclosed property

    1,346

    1999

    Total assets

    5,100

    5,933

        LIABILITIES:
          Federal liabilities:

    2103

    Debt

    5,081

    5,863

    2105

    Other

    68

          Non-Federal liabilities:

    2201

    Accounts payable

    13

    2

    2207

    Other

    6

    2999

    Total liabilities

    5,100

    5,933

    4999

    Total liabilities and net position

    5,100

    5,933

    -----------------------------------------------------------------------------------------------

                     Disaster Loan Fund Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    01.01 Interest expense to Treasury......           2           1           1
    01.03 Other expenses....................           1           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           3           3           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          60          61
    22.00 New budget authority from
            offsetting collections (gross)..          64          61          28
    22.40 Capital transfer to general fund..         -60        -119         -25
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          64           3           3
    23.95 Total new obligations.............          -3          -3          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........          61
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          50          50          20
    69.00 Offsetting collections (cash).....          14          11           8
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          64          61          28
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           3           2
    73.10 Total new obligations.............           3           3           3
    73.20 Total outlays (gross).............          -4          -4          -3
                                               ---------   ---------  ----------
    74.40   Obligated balance, end of year..           3           2           2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................           4           4           3
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.40     Loan repayments...............          -8          -8          -6
    88.40     Other collection..............          -6          -3          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -14         -11          -8
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          50          50          20
    90.00 Outlays...........................         -10          -7          -5
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          44          35          25

    [[Page 1106]]

    1251  Repayments: Repayments and
            prepayments.....................          -8          -8          -6
    1263  Write-offs for default: Direct
            loans...........................          -1          -2          -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          35          25          18
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, as amended,
    this account records, for this program, all cash flows to and from the
    Government resulting from direct loans obligated prior to 1992. This
    account is shown on a cash basis. All new activity in this program in
    1992 and beyond (including modifications of direct loans or loan
    guarantees that resulted from obligations or commitments in any year) is
    recorded in corresponding program and financing accounts.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4153-0-3-453

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101

    Federal assets: Fund balances with Treasury

    64

    64

          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601

    Direct loans, gross

    46

    35

    1603

    Allowance for estimated uncollectible loans and interest (-)

    -1

    1699

    Value of assets related to direct loans

    46

    34

    1901

    Other Federal assets: Other assets

    3

    1999

    Total assets

    110

    101

        LIABILITIES:
          Federal liabilities:

    2101

    Accounts payable

    3

    2

    2105

    Other

    107

    99

    2999

    Total liabilities

    110

    101

    4999

    Total liabilities and net position

    110

    101

    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4153-0-3-453      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................           1           2           2
    43.0  Interest and dividends............           2           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           3           3           3
    ---------------------------------------------------------------------------

              Pollution Control Equipment Fund Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4147-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Disbursement for Guaranty Loan
            Claim...........................                       3           3
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................                       3           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           3
    22.00 New budget authority (gross)......           3           3           3
    22.40 Capital transfer to general fund..          -3          -3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           3           3           3
    23.95 Total new obligations.............                      -3          -3
                                               ---------   ---------  ----------
    24.40   Unobligated balance carried
              forward, end of year..........           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           3           3           3
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                       3           3
    73.20 Total outlays (gross).............                      -3          -1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                       3           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           3           3           3
    90.00 Outlays...........................                       3           1
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 73-4147-0-3-376      2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........           8           6           4
    2251  Repayments and prepayments........          -4          -1          -2
          Adjustments:

    2261    Terminations for default that
              result in loans receivable....                      -1
    2264    Other adjustments, net..........           2
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........           6           4           2
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..           6           4           2
    ----------------------------------------------------------------------------

        Addendum:
          Cumulative balance of defaulted guaranteed
              loans that result in loans receivable:

    2310    Outstanding, start of year......          49          49          52
    2331    Disbursements for guaranteed
              loan claims...................                       3           3
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          49          52          55
    ---------------------------------------------------------------------------

        Public Law 94-305 established this fund to alleviate the adverse
    impact of pollution regulations on small businesses. As a result of the
    elimination of tax exempt financing associated with the Pollution
    Control Guaranteed program, no new activity is anticipated for this
    program.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   73-4147-0-3-376

    2003 actual

    2004 actual

    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101

    Federal assets: Fund balances with Treasury

    3

    3

    1701

    Net value of assets related to pre-1992 direct loans receivable and
    acquired defaulted guaranteed loans receivable: Defaulted guaranteed loans,
    gross

    16

    16

    1999

    Total assets

    19

    19

        LIABILITIES:
    2104

    Federal liabilities: Resources payable to Treasury

    19

    19

    2999

    Total liabilities

    19

    19

    4999

    Total liabilities and net position

    19

    19

    -----------------------------------------------------------------------------------------------

             Administrative Provision--Small Business Administration

        Not to exceed 5 percent of any appropriation made available for the
    current fiscal year for the Small Business Administration in this Act
    may be transferred between such appropriations, but no such
    appropriation shall be increased by more than 10 percent by any such
    transfers: Provided, That any transfer pursuant to this paragraph shall
    be treated as a reprogramming of funds under section 605 of this Act and
    shall not be available for obligation or expenditure except in
    compliance with the procedures set forth in that section. (Departments
    of Commerce, Justice, and State, the Judiciary, and Related Agencies
    Appropriations Act, 2005.)

    [[Page 1107]]

                          General Fund Receipt Accounts

                              (in millions of dollars)

    ----------------------------------------------------------------------------
                                             2004 actual   2005 est.   2006 est.
    ----------------------------------------------------------------------------
    Offsetting receipts from the public:
      73-272130  Disaster loan program,
        Downward reestimates of subsidies...           2          70
      73-272230  Business loan program,
        Downward reestimates of subsidies...         228         470
                                               ---------   ---------  ----------
    General Fund Offsetting receipts from
     the public.............................         239         549
    ---------------------------------------------------------------------------