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


                     THE BUDGET FOR FISCAL YEAR 2008

[[Page 1013]]

 
                      SMALL BUSINESS ADMINISTRATION



    For 2008, the Budget requests $464 million in new budget authority 
for the Small Business Administration (SBA). This funding will support 
SBA's business credit, technical assistance, and disaster loan programs.

                                

                              Federal Funds

                          Salaries and Expenses

     For necessary expenses, not otherwise provided for, of the Small 
Business Administration as authorized by Public Law 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, $310,103,000: Provided, That the Administrator is authorized 
to charge fees to cover the cost of publications developed by the Small 
Business Administration, and certain loan program activities, including 
fees authorized by section 5(b) of the Small Business Act: Provided 
further, That, notwithstanding 31 U.S.C. 3302, revenues received from 
all such activities shall be credited to this account, to remain 
available until expended, for carrying out these purposes without 
further appropriations: Provided further, That $87,120,000 shall be 
available to fund grants for performance in fiscal year 2008 or fiscal 
year 2009 as authorized.



    Note.--A regular 2007 appropriation for this account had not been 
enacted at the time the budget was prepared; therefore, this account is 
operating under a continuing resolution (P.L. 109-289, Division B, as 
amended). The amounts included for 2007 in this budget reflect the 
levels provided by the continuing resolution.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Executive Direction...............          47          52          55
00.02 Capital Access....................          47          44          56
00.03 Gov. Contracting/ Bus. Development          19          18          24
00.04 Entrepreneurial Development.......           6           5           6
00.05 Management & Adminstration........          20          18          20
00.06 Office of Chief Information 
        Officer.........................          29          27          29
00.07 Regional & District Offices.......         106          90         122
00.08 Agency Wide Costs.................          45          48          48
00.09 Non Credit Programs...............         127         122         106
00.10 Congressional Initiatives.........          90          20
00.12 Disaster..........................         454         166         146
09.00 Reimbursable program..............          13          10           6
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,003         620         618
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         349          78           3
22.00 New budget authority (gross)......         722         545         618
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          11
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,082         623         621
23.95 Total new obligations.............      -1,003        -620        -618
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          78           3           3
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         404         311         310
40.35   Appropriation permanently 
          reduced.......................          -8
40.36   Unobligated balance permanently 
          reduced.......................                      -6
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         396         305         310
        Spending authority from 
            offsetting collections:
58.00     Offsetting collections (cash).         326         130         155
58.00     Offsetting collections (cash).                     110         153
                                           ---------   ---------  ----------
58.90     Spending authority from 
            offsetting collections 
            (total discretionary).......         326         240         308
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         722         545         618
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         303         361         399
73.10 Total new obligations.............       1,003         620         618
73.20 Total outlays (gross).............        -926        -582        -628
73.40 Adjustments in expired accounts 
        (net)...........................          -8
73.45 Recoveries of prior year 
        obligations.....................         -11
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         361         399         389
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         543         408         479
86.93 Outlays from discretionary 
        balances........................         383         174         149
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         926         582         628
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Payments from business loan 
            program account.............        -124        -124        -135
88.00     Payments from disaster loan 
            program account.............        -182         -99        -155
88.00     Federal sources...............         -12         -10          -7
88.00     Business Loan Fees............
88.40     Non-Federal sources...........          -4          -7         -11
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................        -322        -240        -308
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............          -4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         396         305         310
90.00 Outlays...........................         604         342         320
---------------------------------------------------------------------------

    This account funds the administrative expenses of SBA headquarters 
and field office operations. Appropriations for the administration of 
the Disaster direct loan and business loan programs are merged with this 
account. In addition, this account funds grant programs.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         158         166         179
11.3      Other than full-time permanent          10          10          10
11.5      Other personnel compensation..           4           4           4
                                           ---------   ---------  ----------
11.9      Total personnel compensation..         172         180         193
12.1    Civilian personnel benefits.....          44          49          51
21.0    Travel and transportation of 
          persons.......................           5           3           5
23.1    Rental payments to GSA..........          34          34          34
23.3    Communications, utilities, and 
          miscellaneous charges.........           8           6           8
24.0    Printing and reproduction.......           1           1           1
25.2    Other services..................          58          35          63
25.3    Other purchases of goods and 
          services from Government 
          accounts (Disaster 
          Administrative Expenses)......         454         166         146
26.0    Supplies and materials..........           3           2           3
31.0    Equipment.......................           2           1           2
41.0    Grants, subsidies, and 
          contributions.................         209         133         106
                                           ---------   ---------  ----------
99.0      Direct obligations............         990         610         612
99.0  Reimbursable obligations..........          13          10           6
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,003         620         618
---------------------------------------------------------------------------

                             Employment Summary

----------------------------------------------------------------------------
Identification code 73-0100-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................       5,794       3,068       3,043
    Reimbursable:

[[Page 1014]]

2001  Civilian full-time equivalent 
        employment......................           8           8           8
---------------------------------------------------------------------------

                                

                       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, 
$15,000,000.

    Note.--A regular 2007 appropriation for this account had not been 
enacted at the time the budget was prepared; therefore, this account is 
operating under a continuing resolution (P.L. 109-289, Division B, as 
amended). The amounts included for 2007 in this budget reflect the 
levels provided by the continuing resolution.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Audit.............................           7           8           9
00.02 Investigations....................           6           7           7
00.03 Management Policy.................           1           1           1
00.04 General Office/Legal Counsel......           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........          15          17          18
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                       6           4
22.00 New budget authority (gross)......          21          15          16
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          21          21          20
23.95 Total new obligations.............         -15         -17         -18
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........           6           4           2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          19          14          15
58.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           2           1           1
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          21          15          16
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           2           2
73.10 Total new obligations.............          15          17          18
73.20 Total outlays (gross).............         -15         -17         -18
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          14          14          15
86.93 Outlays from discretionary 
        balances........................           1           3           3
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          15          17          18
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Payments from disaster 
          loan program account..........          -2          -1          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          19          14          15
90.00 Outlays...........................          13          16          17
---------------------------------------------------------------------------

    The Budget proposes $15 million in new budget authority and $0.5 
million transferred from the Disaster Loans Program account for a total 
of $15.5 million for the Office of Inspector General (OIG) for 2008. 
This appropriation provides funds for agency-wide audit, investigative, 
and related functions to promote economy and efficiency in SBA 
operations and to prevent and detect waste, fraud, and abuse.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2006 actual   2007 est.   2008 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..................           3           4           4
                                           ---------   ---------  ----------
99.0      Direct obligations............          14          16          17
99.0  Reimbursable obligations..........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          15          17          18
---------------------------------------------------------------------------

                             Employment Summary

----------------------------------------------------------------------------
Identification code 73-0200-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct:
1001  Civilian full-time equivalent 
        employment......................          95         103         110
---------------------------------------------------------------------------

                                

                  Surety Bond Guarantees Revolving Fund

     For additional capital for the Surety Bond Guarantees Revolving 
Fund, authorized by the Small Business Investment Act of 1958, as 
amended, $3,000,000, to remain available until expended.

    Note.--A regular 2007 appropriation for this account had not been 
enacted at the time the budget was prepared; therefore, this account is 
operating under a continuing resolution (P.L. 109-289, Division B, as 
amended). The amounts included for 2007 in this budget reflect the 
levels provided by the continuing resolution.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4156-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
09.01 Reimbursable obligations..........          13           9          10
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 42.0)...................          13           9          10
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          24          22          23
22.00 New budget authority (gross)......          11          10          11
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          35          32          34
23.95 Total new obligations.............         -13          -9         -10
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          22          23          24
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           3           3           3
58.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           8           7           8
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          11          10          11
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           1                      -1
73.10 Total new obligations.............          13           9          10
73.20 Total outlays (gross).............         -14         -10         -11
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..                      -1          -2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          11          10          11
86.93 Outlays from discretionary 
        balances........................           3
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          14          10          11
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -2
88.40     Non-Federal sources...........          -6          -7          -8
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................          -8          -7          -8
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           3           3           3
90.00 Outlays...........................           6           3           3
---------------------------------------------------------------------------

    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

[[Page 1015]]

up to 90 percent of the losses sustained if the contractor defaults. 
SBA's guarantees provide an incentive for sureties to issue bonds to 
small contractors who could not otherwise secure them and compete in the 
contracting industry.

    In 2008, the Budget proposes a $1.7 billion program level that is 
anticipated to be sufficient to accommodate program demand.

                             Balance Sheet (in millions of dollars)

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

2005 actual

2006 actual

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

1101

Fund balances with Treasury

25

21

        Investments in US securities:
1106

Receivables, net

4

6





1999

Total assets

29

27

    LIABILITIES:
2201

Non-Federal liabilities: Accounts payable

25

24





2999

Total liabilities

25

24

    NET POSITION:
3100

Appropriated capital

1



3300

Cumulative results of operations

3

3





3999

Total net position

4

3





4999

Total liabilities and net position

29

27

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

                                

                      Business Loans Program Account

                     (including transfers of funds)

     Subject to section 502 of the Congressional Budget Act of 1974, 
during fiscal year 2008 commitments to guarantee loans under section 503 
of the Small Business Investment Act of 1958, shall not exceed 
$7,500,000,000: Provided, That during fiscal year 2008 commitments for 
general business loans authorized under section 7(a) of the Small 
Business Act, shall not exceed $17,500,000,000: Provided further, That 
during fiscal year 2008 commitments for direct loans authorized under 
section 7(m) of the Small Business Act shall not exceed $25,000,000; 
Provided further, That during fiscal year 2008 commitments to guarantee 
loans for debentures under section 303(b) of the Small Business 
Investment Act of 1958, shall not exceed $3,000,000,000: Provided 
further, That during fiscal year 2008 guarantees of trust certificates 
authorized by section 5(g) of the Small Business Act shall not exceed a 
principal amount of $12,000,000,000. In addition, for administrative 
expenses to carry out the direct and guaranteed loan programs, 
$135,414,000, which may be paid to the appropriations for Salaries and 
Expenses.



    Note.--A regular 2007 appropriation for this account had not been 
enacted at the time the budget was prepared; therefore, this account is 
operating under a continuing resolution (P.L. 109-289, Division B, as 
amended). The amounts included for 2007 in this budget reflect the 
levels provided by the continuing resolution.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Direct loan subsidy...............           1           1
00.05 Reestimate of direct loan.........          12           2
00.06 Interest on direct loan 
        reestimation....................          14           1
00.07 Reestimate of loan guarantee 
        subsidy.........................         329         340
00.08 Interest on reestimates of loan 
        guarantee subsidy...............          49          63
00.09 Administrative expenses...........         125         124         135
                                           ---------   ---------  ----------
10.00   Total new obligations...........         530         531         135
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          14          11           7
22.00 New budget authority (gross)......         525         527         135
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         541         538         142
23.95 Total new obligations.............        -530        -531        -135
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          11           7           7
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         127         126         135
40.35   Appropriation permanently 
          reduced.......................          -6
40.36   Unobligated balance permanently 
          reduced.......................                      -5
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         121         121         135
      Mandatory:

60.00   Appropriation...................         404         406
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         525         527         135
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          18          10          14
73.10 Total new obligations.............         530         531         135
73.20 Total outlays (gross).............        -534        -527        -135
73.40 Adjustments in expired accounts 
        (net)...........................          -2
73.45 Recoveries of prior year 
        obligations.....................          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          10          14          14
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         121         121         135
86.93 Outlays from discretionary 
        balances........................           9
86.97 Outlays from new mandatory 
        authority.......................         404         406
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         534         527         135
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         525         527         135
90.00 Outlays...........................         534         527         135
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Micro loans.......................          20          10          25
                                           ---------   ---------  ----------
115999Total direct loan levels..........          20          10          25
    Direct loan subsidy (in percent):
132001Micro loans.......................        7.17       10.21        0.00
                                           ---------   ---------  ----------
132999Weighted average subsidy rate.....        7.17       10.21        0.00
    Direct loan subsidy budget authority:
133001Micro loans.......................           1           1
                                           ---------   ---------  ----------
133999Total subsidy budget authority....           1           1
    Direct loan subsidy outlays:
134001Micro loans.......................           1           1
                                           ---------   ---------  ----------
134999Total subsidy outlays.............           1           1
    Direct loan upward reestimates:
135001Micro loans.......................          26           3
                                           ---------   ---------  ----------
135999Total upward reestimate budget 
        authority.......................          26           3
    Direct loan downward reestimates:
137001Micro loans.......................         -42         -15
                                           ---------   ---------  ----------
137999Total downward reestimate budget 
        authority.......................         -42         -15
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
215002General business 7(a).............      13,758      17,500      17,500
215004Section 504.......................       5,701       7,500       7,500
215006SBIC debentures...................         477       3,000       3,000
215010Secondary market guarantee........       3,633      12,000      12,000
                                           ---------   ---------  ----------
215999Total loan guarantee levels.......      23,569      40,000      40,000
    Guaranteed loan subsidy (in percent):
232002General business 7(a).............        0.00        0.00        0.00
232004Section 504.......................        0.00        0.00        0.00
232006SBIC debentures...................        0.00        0.00        0.00
232010Secondary market guarantee........        0.00        0.00        0.00
                                           ---------   ---------  ----------
232999Weighted average subsidy rate.....        0.00        0.00        0.00
    Guaranteed loan subsidy outlays:
234011General business 7(a) Prior.......           4
                                           ---------   ---------  ----------
234999Total subsidy outlays.............           4
    Guaranteed loan upward reestimates:
235002General business 7(a).............          98          61
235003General business--7(a) terrorist 
        response........................                       1
235006SBIC debentures...................          64           9
235007SBIC participating securities.....         153         282
235008New Market Venture Capital........           1
235009General business 7(a) Delta.......           8           1

[[Page 1016]]

235010Secondary market guarantee........          53          49
235012SBIC 301(d) Guarantee.............           1
                                           ---------   ---------  ----------
235999Total upward reestimate budget 
        authority.......................         378         403
    Guaranteed loan downward reestimates:
237001Micro loan guarantees.............          -1
237002General business 7(a).............        -156        -122
237003General business--7(a) terrorist 
        response........................          -7          -7
237004Section 504.......................        -202        -166
237005Section 504-Delta.................         -18
237006SBIC debentures...................         -48        -121
237007SBIC participating securities.....        -499        -318
237009General business 7(a) Delta.......          -1
237010Secondary market guarantee........          -4         -13
237012SBIC 301(d) Guarantee.............         -10          -1
237013502 Local development companies...          -4
                                           ---------   ---------  ----------
237999Total downward reestimate subsidy 
        budget authority................        -950        -748
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................         127         126         135
3590  Outlays from new authority........         125         120         135
---------------------------------------------------------------------------

    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 2008, the Budget proposes $135.4 million in new budget authority 
for the Business Loans Program account. These funds will cover the 
administrative costs of SBA's business credit programs. In addition to 
loan making and servicing costs, SBA will undertake development of a new 
loan management accounting system which will enable SBA to better 
monitor and account for business loans. No appropriations are required 
to cover loan subsidy, as fees are sufficient to offset losses.

    The Section 7(a) program provides general business credit 
assistance. The requested guaranteed loan program level for 2008 is 
$17.5 billion. The Section 504 Certified Development Company program is 
for long-term fixed rate financing and the requested guaranteed loan 
program level is $7.5 billion in 2008. 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) Program, SBA's 
fiscal agent pools the guaranteed portion of 7(a) loans and sells the 
securities to investors. This mechanism provides liquidity to lenders 
participating in the 7(a) loan program. For 2008, the Budget proposes a 
program level of $12 billion in such securities. Finally, the Budget 
proposes to build upon the success of the zero-subsidy 7(a) program by 
making the Microloan program self-financing through modest increases to 
the interest rates paid by program intermediaries.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1154-0-1-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct obligations:
25.2  Other services....................         125         124         135
41.0  Grants, subsidies, and 
        contributions...................         405         407
                                           ---------   ---------  ----------
99.9    Total new obligations...........         530         531         135
---------------------------------------------------------------------------

                                

                 Business Direct Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Direct loans......................          20          10          25
00.02 Interest on Treasury borrowing....           8           7           9
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................          28          17          34
08.02 Payment of downward reestimate to 
        a receipt account...............          28           6
08.04 Payment of interest on downward 
        reestimate to a receipt account.          14           9
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal......................          42          15
                                           ---------   ---------  ----------
10.00   Total new obligations...........          70          32          34
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          41          14
22.00 New financing authority (gross)...          81          37          34
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
22.60 Portion applied to repay debt.....         -41         -19
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          84          32          34
23.95 Total new obligations.............         -70         -32         -34
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          14
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............          30           6
        Spending authority from 
            offsetting collections:
69.00     Offsetting collections (cash).          52          31          34
69.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -1
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........          51          31          34
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................          81          37          34
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          23          25          20
73.10 Total new obligations.............          70          32          34
73.20 Total financing disbursements 
        (gross).........................         -66         -37         -25
73.45 Recoveries of prior year 
        obligations.....................          -3
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           1
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          25          20          29
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................          66          37          25
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -1          -1
88.00     Upward reestimate.............         -12          -2
88.00     Interest on reestimate........         -14          -1
88.25     Interest on uninvested funds..          -3          -3          -8
88.40     Repayments of principal, net..         -22         -23         -25
88.40     Other income..................                      -1          -1
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................         -52         -31         -34
      Against gross financing authority only:

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

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          30           6
90.00 Financing disbursements...........          14           6          -9
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4148-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:

[[Page 1017]]

1111  Limitation on direct loans........          20          10          25
                                           ---------   ---------  ----------
1150    Total direct loan obligations...          20          10          25
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         134         131         122
1231  Disbursements: Direct loan 
        disbursements...................          16          16          18
1251  Repayments: Repayments and 
        prepayments.....................         -18         -23         -25
1263  Write-offs for default: Direct 
        loans...........................          -1          -2          -2
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         131         122         113
---------------------------------------------------------------------------

    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. The Budget proposes to build upon 
the success of the zero-subsidy 7(a) program by making the Microloan 
program self-financing through modest increases to the interest rates 
paid by program intermediaries.

                             Balance Sheet (in millions of dollars)

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

2005 actual

2006 actual

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

1101

Fund balances with Treasury

64

39

        Investments in US securities:
1106

Receivables, net

24

3

1206

Non-Federal assets: Receivables, net

1



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

1401

Direct loans receivable, gross

134

131

1405

Allowance for subsidy cost (-)

-24

-17





1499

Net present value of assets related to direct loans

110

114





1999

Total assets

199

156

    LIABILITIES:
      Federal liabilities:

2103

Debt

154

142

2105

Other

43

14

2207

Non-Federal liabilities: Other

2







2999

Total liabilities

199

156





4999

Total liabilities and net position

199

156

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

                                

               Business Guaranteed Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Default claims....................       1,199       1,140       1,150
00.02 Interest on Treasury borrowing....          76          70          80
00.05 Other Expenses....................         203          15          15
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................       1,478       1,225       1,245
08.02 Payment of downward reestimate to 
        receipt account.................         719         608
08.04 Payment of interest on downward 
        reestimate to receipt account...         231         140
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal......................         950         748
                                           ---------   ---------  ----------
10.00   Total new obligations...........       2,428       1,973       1,245
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       2,514       2,589       3,164
22.00 New financing authority (gross)...       2,687       2,798       1,925
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          12
22.60 Portion applied to repay debt.....        -196        -250        -300
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       5,017       5,137       4,789
23.95 Total new obligations.............      -2,428      -1,973      -1,245
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........       2,589       3,164       3,544
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............         716         748         225
        Spending authority from 
            offsetting collections:
69.00     Offsetting collections (cash).       1,978       2,050       1,700
69.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........          -7
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........       1,971       2,050       1,700
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       2,687       2,798       1,925
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          16          13         341
73.10 Total new obligations.............       2,428       1,973       1,245
73.20 Total financing disbursements 
        (gross).........................      -2,426      -1,645      -1,350
73.45 Recoveries of prior year 
        obligations.....................         -12
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................           7
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          13         341         236
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................       2,426       1,645       1,350
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.          -4
88.00     Upward reestimate.............        -329        -340
88.00     Interest on reestimate........         -49         -63
88.25     Interest on uninvested funds..        -122        -122        -140
88.40     Fees..........................        -682        -725        -750
88.40     Recoveries....................        -792        -800        -810
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................      -1,978      -2,050      -1,700
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............           7
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         716         748         225
90.00 Financing disbursements...........         448        -405        -350
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4149-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........      23,569      40,000      40,000
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................      23,569      40,000      40,000
2199  Guaranteed amount of guaranteed 
        loan commitments................      18,384      31,200      31,200
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      72,880      67,000      71,690
2231  Disbursements of new guaranteed 
        loans...........................      18,860      19,900      21,900
2251  Repayments and prepayments........     -13,304     -14,070     -15,100
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....      -1,054      -1,140      -1,150
2263    Terminations for default that 
          result in claim payments......        -145
2264    Other adjustments, net..........     -10,237
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      67,000      71,690      77,340
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      54,396      60,000      65,500
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......       4,204       3,868       4,003
2331    Disbursements for guaranteed 
          loan claims...................       1,054       1,140       1,150
2351    Repayments of loans receivable..        -704        -730        -730
2361    Write-offs of loans receivable..      -1,004        -275        -275
2364    Other adjustments, net..........         318
                                           ---------   ---------  ----------
2390      Outstanding, end of year......       3,868       4,003       4,148
---------------------------------------------------------------------------



[[Page 1018]]



    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

2005 actual

2006 actual

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

1101

Fund balances with Treasury

2,529

2,602

        Investments in US securities:
1106

Receivables, net

354

413

1206

Non-Federal assets: Receivables, net

50

49

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

1501

Defaulted guaranteed loans receivable, gross

4,204

3,868

1504

Foreclosed property

15

6

1505

Allowance for subsidy cost (-)

-3,154

-3,124





1599

Net present value of assets related to defaulted guaranteed loans

1,065

750





1999

Total assets

3,998

3,814

    LIABILITIES:
      Federal liabilities:

2103

Debt

956

1,477

2105

Other

889

685

      Non-Federal liabilities:

2201

Accounts payable

31

22

2204

Liabilities for loan guarantees

2,143

1,630

2207

Other

-21







2999

Total liabilities

3,998

3,814





4999

Total liabilities and net position

3,998

3,814

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

                                

                 Business Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Interest Expense to Treasury......           6           4           3
00.05 Guaranteed loan default claims....           1           2           1
00.09 Other expenses....................           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........           8           7           5
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          78          56
22.00 New budget authority (gross)......          77          58          41
22.40 Capital transfer to general fund..         -78         -96         -27
22.60 Portion applied to repay debt to 
        FFB.............................         -13         -11          -9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          64           7           5
23.95 Total new obligations.............          -8          -7          -5
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          56
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          30          20          10
69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).          47          38          31
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          77          58          41
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          10          10           4
73.10 Total new obligations.............           8           7           5
73.20 Total outlays (gross).............          -8         -13          -9
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..          10           4
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           8          13           9
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
          Loan repayments:
88.40     Financing Investment programs-
            principal...................         -24         -20         -15
88.40     Interest Income-Business & 
            investment..................          -6          -4          -4
88.40     Fees..........................                      -1          -1
88.40     Collection on FFB loans.......         -13         -11          -9
88.40     Other Income-both Business and 
            Investment..................          -4          -2          -2
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................         -47         -38         -31
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          30          20          10
90.00 Outlays...........................         -39         -25         -22
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           9          22          18
1251  Repayments: Repayments and 
        prepayments.....................          -5          -4          -3
      Write-offs for default:

1263    Direct loans....................          -1
1264    Other adjustments, net..........          19
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          22          18          15
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          40          27          16
1251  Repayments: Repayments and 
        prepayments.....................         -13         -11          -9
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          27          16           7
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         377         240         152
2251  Repayments and prepayments........        -136         -87         -55
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................          -1          -1          -1
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         240         152          96
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         208         132          83
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......          55          79          58
2331    Disbursements for guaranteed 
          loan claims...................           1           1           1
2351    Repayments of loans receivable..         -18         -16         -14
2361    Write-offs of loans receivable..          -8          -6          -4
2364    Other adjustments, net..........          49
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          79          58          41
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, as amended, 
this account records all cash flows to and from the Government resulting 
from SBA 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 made in any year) is recorded in corresponding program 
and financing accounts.

                             Balance Sheet (in millions of dollars)

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

2005 actual

2006 actual

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

Federal assets: Fund balances with Treasury

88

66

1206

Non-Federal assets: Receivables, net

2

1

1601

Direct loans, gross

104

49

1603

Allowance for estimated uncollectible loans and interest (-)



-9





1604

Direct loans and interest receivable, net

104

40





1699

Value of assets related to direct loans

104

40

[[Page 1019]]

1701

Defaulted guaranteed loans, gross



79

1703

Allowance for estimated uncollectible loans and interest (-)



-27





1799

Value of assets related to loan guarantees



52

1901

Other Federal assets: Other assets

35

7





1999

Total assets

229

166

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

6

6

2103

Debt

41

27

2104

Resources payable to Treasury



129

2105

Other Liabilities

156

1

      Non-Federal liabilities:

2201

Accounts payable

4

2

2207

Other Liabilities

22

1





2999

Total liabilities

229

166





4999

Total liabilities and net position

229

166

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4154-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct obligations:
42.0  Insurance claims and indemnities..           2           2           2
43.0  Interest and dividends............           6           5           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........           8           7           5
---------------------------------------------------------------------------

                                

                      Disaster Loans Program Account

                     (including transfers of funds)

     For administrative expenses to carry out the direct loan program 
authorized by section 7(b), of the Small Business Act, up to 
$156,000,000, to be derived by transfer from the ``Disaster Loan 
Program'' account, of which up to $500,000 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 
paid to appropriations for the Office of Inspector General; of which up 
to $146,500,000 is for direct administrative expenses of loan making and 
servicing to carry out the direct loan program, to remain available 
until expended, which may be paid to appropriations for Salaries and 
Expenses; and of which up to $9,000,000 is for indirect administrative 
expenses, which may be paid to appropriations for Salaries and Expenses: 
Provided, That of the unobligated balances under this heading, up to 
$200,000,000 may be paid to the Federal Emergency Management Agency, 
``Disaster Relief'' account.



    Note.--A regular 2007 appropriation for this account had not been 
enacted at the time the budget was prepared; therefore, this account is 
operating under a continuing resolution (P.L. 109-289, Division B, as 
amended). The amounts included for 2007 in this budget reflect the 
levels provided by the continuing resolution.

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Direct loan subsidy...............       1,286         471         173
00.05 Upward reestimate of direct loans.          70         267
00.06 Interest on upward reestimates of 
        direct loans....................          10          23
00.09 Administrative expense............         187         101         156
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,553         862         329
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         386         633         514
22.00 New budget authority (gross)......       1,775         290
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          25         457          17
22.21 Unobligated balance transferred to 
        other accounts..................                                -200
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,186       1,380         331
23.95 Total new obligations.............      -1,553        -862        -329
23.98 Unobligated balance expiring or 
        withdrawn.......................                      -4
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........         633         514           2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................
40.00   Appropriation (supplemental)....         983
42.00   Transferred from other accounts.         712
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,695
      Mandatory:

60.00   Appropriation...................          80         290
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,775         290
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          59         783         600
73.10 Total new obligations.............       1,553         862         329
73.20 Total outlays (gross).............        -804        -588        -273
73.45 Recoveries of prior year 
        obligations.....................         -25        -457         -17
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..         783         600         639
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         338
86.93 Outlays from discretionary 
        balances........................         386         298         273
86.97 Outlays from new mandatory 
        authority.......................          80         290
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         804         588         273
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -5
      Against gross budget authority only:

88.96   Portion of offsetting 
          collections (cash) credited to 
          expired accounts..............           5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,775         290
90.00 Outlays...........................         799         588         273
---------------------------------------------------------------------------

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

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Disaster loan.....................       8,785       2,659       1,064
                                           ---------   ---------  ----------
115999Total direct loan levels..........       8,785       2,659       1,064
    Direct loan subsidy (in percent):
132001Disaster loan.....................       14.64       17.73       16.27
                                           ---------   ---------  ----------
132999Weighted average subsidy rate.....       14.64       17.73       16.27
    Direct loan subsidy budget authority:
133001Disaster loan.....................       1,286         471         173
                                           ---------   ---------  ----------
133999Total subsidy budget authority....       1,286         471         173
    Direct loan subsidy outlays:
134001Disaster loan.....................         536         197          73
                                           ---------   ---------  ----------
134999Total subsidy outlays.............         536         197          73
    Direct loan upward reestimates:
135001Disaster loan.....................          80         290
                                           ---------   ---------  ----------
135999Total upward reestimate budget 
        authority.......................          80         290
    Direct loan downward reestimates:
137001Disaster loan.....................         -14         -11
                                           ---------   ---------  ----------
137999Total downward reestimate budget 
        authority.......................         -14         -11
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................         187         101         156
3580  Outlays from balances.............                     101         156
3590  Outlays from new authority........         187
---------------------------------------------------------------------------

    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 provide Federal assistance for non-farm, private sector disaster 
losses. Through this program, SBA helps homeowners, renters, businesses 
of all sizes, and non-profit organizations pay for the cost of 
rebuilding and repairing

[[Page 1020]]

structures damaged by natural disasters. The program is the only form of 
SBA assistance not limited to small businesses. The program provides 
subsidized loans of up to 30 years to borrowers who have incurred 
uninsured physical losses or economic injury as the result of a natural 
disaster.

    In 2008, the Budget supports $1.06 billion in loans, the ten-year 
average for such loans, excluding outlying events. The subsidy rate is 
16.27 percent.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-1152-0-1-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct obligations:
25.2  Other services....................         187         103         156
41.0  Grants, subsidies, and 
        contributions...................       1,366         759         173
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,553         862         329
---------------------------------------------------------------------------

                                

                 Disaster Direct Loan Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
00.01 Direct loans......................       8,785       2,659       1,064
00.02 Interest on Treasury borrowing....         449         492         198
00.03 Other.............................           5
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal......................       9,239       3,151       1,262
08.02 Payment of downward reestimate to 
        a receipt account...............           9           9
08.04 Payment of interest on downward 
        reestimate to a receipt account.           5           2
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal......................          14          11
                                           ---------   ---------  ----------
10.00   Total new obligations...........       9,253       3,162       1,262
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       3,192       4,208         921
22.00 New financing authority (gross)...      13,488       3,663       1,464
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         194
22.60 Portion applied to repay debt.....      -3,413      -3,788        -291
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      13,461       4,083       2,094
23.95 Total new obligations.............      -9,253      -3,162      -1,262
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........       4,208         921         832
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.10   Authority to borrow.............      11,344       2,175         891
        Spending authority from 
            offsetting collections:
69.00     Offsetting collections (cash).       1,419       1,488         573
69.10     Change in uncollected customer 
            payments from Federal 
            sources (unexpired).........         725
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........       2,144       1,488         573
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................      13,488       3,663       1,464
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..         404       4,609       6,367
73.10 Total new obligations.............       9,253       3,162       1,262
73.20 Total financing disbursements 
        (gross).........................      -4,129      -1,404        -993
73.45 Recoveries of prior year 
        obligations.....................        -194
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................        -725
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..       4,609       6,367       6,636
----------------------------------------------------------------------------

    Outlays (gross), detail:
87.00 Total financing disbursements 
        (gross).........................       4,129       1,404         993
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Payments from program account.        -536        -197         -73
88.00     Upward reestimate.............         -70        -267
88.00     Interest on upward reestimate.         -10         -23
88.25     Interest income from Treasury.        -254        -254        -150
88.40     Repayments of principal, net..        -549        -747        -350
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................      -1,419      -1,488        -573
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............        -725
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............      11,344       2,175         891
90.00 Financing disbursements...........       2,710         -84         420
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4150-0-3-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........
1131  Direct loan obligations exempt 
        from limitation.................       8,785       2,659       1,064
                                           ---------   ---------  ----------
1150    Total direct loan obligations...       8,785       2,659       1,064
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       3,618       6,793       7,124
1231  Disbursements: Direct loan 
        disbursements...................       3,667       1,110         693
1251  Repayments: Repayments and 
        prepayments.....................        -415        -747        -350
1261  Adjustments: Capitalized interest.          30
      Write-offs for default:

1263    Direct loans....................        -107         -32         -60
1264    Other adjustments, net..........
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       6,793       7,124       7,407
---------------------------------------------------------------------------

    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 disaster 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

2005 actual

2006 actual

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

1101

Fund balances with Treasury

3,595

1,985

        Investments in US securities:
1106

Interest/Accounts Receivables

79

312

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

1401

Direct loans receivable, gross

3,618

6,793

1405

Allowance for subsidy cost (-)

-689

-1,400





1499

Net present value of assets related to direct loans

2,929

5,393





1999

Total assets

6,603

7,690

    LIABILITIES:
      Federal liabilities:

2103

Debt

6,585

7,685

2105

Other

18

5





2999

Total liabilities

6,603

7,690





4999

Total liabilities and net position

6,603

7,690

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

                                

                 Disaster Loan Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Obligations by program activity:
01.01 Interest expense to Treasury......           2           3           1
01.03 Other expenses....................                       2           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........           2           5           2
----------------------------------------------------------------------------

[[Page 1021]]



    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          62          16
22.00 New budget authority from 
        offsetting collections (gross)..          18          17          11
22.40 Capital transfer to general fund..         -62         -28          -9
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          18           5           2
23.95 Total new obligations.............          -2          -5          -2
                                           ---------   ---------  ----------
24.40   Unobligated balance carried 
          forward, end of year..........          16
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.00   Appropriation...................          10          10           5
69.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).           8           7           6
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          18          17          11
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..           2           2           5
73.10 Total new obligations.............           2           5           2
73.20 Total outlays (gross).............          -2          -2          -2
                                           ---------   ---------  ----------
74.40   Obligated balance, end of year..           2           5           5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           2           2           2
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.40     Loan repayments...............          -6          -5          -4
88.40     Other collection..............          -2          -2          -2
                                           ---------   ---------  ----------
88.90     Total, offsetting collections 
            (cash)......................          -8          -7          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          10          10           5
90.00 Outlays...........................          -6          -5          -4
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          28          26          23
1251  Repayments: Repayments and 
        prepayments.....................          -5          -3          -3
      Write-offs for default:

1263    Direct loans....................                      -1          -1
1264    Other adjustments, net..........           3           1           1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          26          23          20
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, as amended, 
this account records all cash flows to and from the Government resulting 
from SBA disaster 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 made 
in any year) is recorded in corresponding program and financing 
accounts.

                             Balance Sheet (in millions of dollars)

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

2005 actual

2006 actual

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

Federal assets: Fund balances with Treasury

64

18

1601

Direct loans, net

28

26

1603

Allowance for estimated uncollectible loans and interest (-)



-3





1699

Value of assets related to direct loans

28

23





1999

Total assets

92

41

    LIABILITIES:
      Federal liabilities:

2101

Accounts payable

2

2

2104

Resources payable to Treasury



39

2105

Other

90







2999

Total liabilities

92

41





4999

Total liabilities and net position

92

41

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4153-0-3-453      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Direct obligations:
25.2  Other services....................                       2           1
43.0  Interest and dividends............           2           3           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........           2           5           2
---------------------------------------------------------------------------

                                

          Pollution Control Equipment Fund Liquidating Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2006 actual   2007 est.   2008 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          -3
----------------------------------------------------------------------------

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

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

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 73-4147-0-3-376      2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........           4           3           2
2251  Repayments and prepayments........          -1          -1          -2
2261  Adjustments: Terminations for 
        default that result in loans 
        receivable......................
                                           ---------   ---------  ----------
2290    Outstanding, end of year........           3           2
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..           3
----------------------------------------------------------------------------

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

2310    Outstanding, start of year......          20          10          13
2331    Disbursements for guaranteed 
          loan claims...................                       3           3
2361    Write-offs of loans receivable..          -8
2364    Other adjustments, net..........          -2
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          10          13          16
---------------------------------------------------------------------------

    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 loan program, no new activity is anticipated for this 
program.


[[Page 1022]]



                             Balance Sheet (in millions of dollars)

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

2005 actual

2006 actual

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

Federal assets: Fund balances with Treasury

3

3

1603

Allowance for estimated uncollectible loans and interest (-)

-15

-8

1701

Defaulted guaranteed loans, gross

20

10





1999

Total assets

8

5

    LIABILITIES:
2104

Federal liabilities: Resources payable to Treasury

8

5





2999

Total liabilities

8

5





4999

Total liabilities and net position

8

5

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

                                

         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.

                                



 
                     GENERAL FUND RECEIPT ACCOUNTS 

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2006 actual   2007 est.   2008 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  73-272130  Disaster loan program, 
    Downward reestimates of subsidies...          14          11
  73-272230  Business loan program, 
    Downward reestimates of subsidies...         992         763
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................       1,006         774
---------------------------------------------------------------------------


                                
