[Appendix]
[Detailed Budget Estimates by Agency]
[Small Business Administration]
[From the U.S. Government Printing Office, www.gpo.gov]
<h1>SMALL BUSINESS ADMINISTRATION
</h1>
SMALL BUSINESS ADMINISTRATION
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, [$417,348,000] $423,577,000: 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 the Small Business Administration may accept gifts in an amount not to exceed $4,000,000 and may co-sponsor activities,
each in accordance with section 132(a) of division K of Public Law 108–447, during fiscal year [2012] 2013: Provided further, That [$112,500,000] $101,093,000 shall be available to fund grants for performance in fiscal year [2012] 2013 or fiscal year [2013] 2014 as authorized by section 21 of the Small Business Act, to remain available until September 30, [2013] 2014: Provided further, That [$20,000,000] $19,760,000 shall remain available until September 30, [2013] 2014 for marketing, management, and technical assistance under section 7(m) of the Small Business Act (15 U.S.C. 636(m)(4)) by
intermediaries that make microloans under the microloan program: Provided further, That $7,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
[2013] 2014[: Provided further, That $2,000,000 shall be for the Federal and State Technology Partnership Program under section 34 of the Small Business
Act (15 U.S.C. 657d)]. (Financial Services and General Government Appropriations Act, 2012.)
Program and Financing (in millions of dollars)
Identification code 73–0100–0–1–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0001
Executive direction
83
77
76
0002
Capital Access
88
95
86
0003
Gov. Contracting/ Bus. Development
26
26
26
0004
Entrepreneurial Development
8
18
18
0005
Management & Adminstration
26
30
26
0006
Office of Chief Information Officer
46
46
46
0007
Regional & district offices
106
108
104
0008
Agency wide costs
45
52
53
0009
Non credit programs
282
208
159
0010
Congressional initiaives
11
0012
Disaster
200
201
167
0900
Total new obligations
921
861
761
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
220
175
10
1021
Recoveries of prior year unpaid obligations
9
1050
Unobligated balance (total)
229
175
10
Budget authority:
Appropriations, discretionary:
1100
Appropriation
433
417
424
1130
Appropriations permanently reduced
–1
1160
Appropriation, discretionary (total)
432
417
424
Spending authority from offsetting collections, discretionary:
1700
Collected
286
116
167
1700
Collected
153
163
160
1750
Spending auth from offsetting collections, disc (total)
439
279
327
1900
Budget authority (total)
871
696
751
1930
Total budgetary resources available
1,100
871
761
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–4
1941
Unexpired unobligated balance, end of year
175
10
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
439
494
539
3030
Obligations incurred, unexpired accounts
921
861
761
3031
Obligations incurred, expired accounts
11
3040
Outlays (gross)
–849
–816
–909
3080
Recoveries of prior year unpaid obligations, unexpired
–9
3081
Recoveries of prior year unpaid obligations, expired
–19
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
494
539
391
3100
Obligated balance, end of year (net)
494
539
391
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
871
696
751
Outlays, gross:
4010
Outlays from new discretionary authority
545
438
478
4011
Outlays from discretionary balances
304
378
431
4020
Outlays, gross (total)
849
816
909
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–427
–265
–313
4033
Non-Federal sources
–15
–14
–14
4040
Offsets against gross budget authority and outlays (total)
–442
–279
–327
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
3
4070
Budget authority, net (discretionary)
432
417
424
4080
Outlays, net (discretionary)
407
537
582
4180
Budget authority, net (total)
432
417
424
4190
Outlays, net (total)
407
537
582
This account funds the administrative expenses of SBA headquarters and field office operations. Appropriations for the administration
of the disaster and business loan programs are merged with this account. The 2013 Budget provides funding for the continued
development of a revised loan management accounting system, which will improve oversight of SBA's more than $99 billion portfolio
of loans and loan guarantees. Funding is also requested for core agency activities, including information technology investments
and human capital development. In addition, this account funds non-credit business assistance grant programs. The 2013 Budget
includes funds for SBA's regional clusters initiative.
Object Classification (in millions of dollars)
Identification code 73–0100–0–1–376
2011 actual
2012 est.
2013 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
205
199
201
11.3
Other than full-time permanent
10
10
10
11.5
Other personnel compensation
4
4
4
11.9
Total personnel compensation
219
213
215
12.1
Civilian personnel benefits
59
57
58
21.0
Travel and transportation of persons
7
7
7
23.1
Rental payments to GSA
32
35
40
23.3
Communications, utilities, and miscellaneous charges
8
9
8
24.0
Printing and reproduction
1
3
4
25.2
Other services from non-Federal sources
108
117
103
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
200
201
167
26.0
Supplies and materials
3
5
5
31.0
Equipment
3
5
5
41.0
Grants, subsidies, and contributions
281
208
148
99.0
Direct obligations
921
860
760
99.0
Reimbursable obligations
1
1
99.9
Total new obligations
921
861
761
Employment Summary
Identification code 73–0100–0–1–376
2011 actual
2012 est.
2013 est.
1001
Direct civilian full-time equivalent employment
3,316
3,202
3,202
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,
[$16,267,000] $19,400,000. (Financial Services and General Government Appropriations Act, 2012.)
Program and Financing (in millions of dollars)
Identification code 73–0200–0–1–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0001
Audit
8
8
9
0002
Investigations
10
10
11
0003
Management policy
1
1
2
0004
General Office/Legal Counsel
1
1
1
0900
Total new obligations
20
20
23
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
13
10
7
Budget authority:
Appropriations, discretionary:
1100
Appropriation
16
16
19
1160
Appropriation, discretionary (total)
16
16
19
Spending authority from offsetting collections, discretionary:
1700
Collected
1
1
1
1750
Spending auth from offsetting collections, disc (total)
1
1
1
1900
Budget authority (total)
17
17
20
1930
Total budgetary resources available
30
27
27
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
10
7
4
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
3
3
2
3030
Obligations incurred, unexpired accounts
20
20
23
3040
Outlays (gross)
–20
–21
–23
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
3
2
2
3100
Obligated balance, end of year (net)
3
2
2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
17
17
20
Outlays, gross:
4010
Outlays from new discretionary authority
16
15
18
4011
Outlays from discretionary balances
4
6
5
4020
Outlays, gross (total)
20
21
23
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–1
–1
4180
Budget authority, net (total)
16
16
19
4190
Outlays, net (total)
19
20
22
The 2013 Budget proposes $19.4 million in new budget authority and $1.0 million transferred from the Disaster Loans Program
account for a total of $20.4 million for the Office of Inspector General (OIG). 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. In addition, the passage of the American Recovery and Reinvestment Act of 2009 provided an additional
$10 million, available from 2009 through 2013, for oversight and audit of SBA Recovery Act programs, grants, and projects.
Object Classification (in millions of dollars)
Identification code 73–0200–0–1–376
2011 actual
2012 est.
2013 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
11
11
13
11.5
Other personnel compensation
1
1
1
11.9
Total personnel compensation
12
12
14
12.1
Civilian personnel benefits
4
4
4
25.2
Other services
3
3
4
99.0
Direct obligations
19
19
22
99.0
Reimbursable obligations
1
1
1
99.9
Total new obligations
20
20
23
Employment Summary
Identification code 73–0200–0–1–376
2011 actual
2012 est.
2013 est.
1001
Direct civilian full-time equivalent employment
110
120
120
Office of Advocacy
For necessary expenses of the Office of Advocacy in carrying out the provisions of title II of Public Law 94–305 (15 U.S.C.
634a et seq.) and the Regulatory Flexibility Act of 1980 (5 U.S.C. 601 et seq.), [$9,120,000] $8,900,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2012.)
Program and Financing (in millions of dollars)
Identification code 73–0300–0–1–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0001
Direct program activity
9
9
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
1160
Appropriation, discretionary (total)
9
9
1930
Total budgetary resources available
9
9
Change in obligated balance:
3030
Obligations incurred, unexpired accounts
9
9
3040
Outlays (gross)
–9
–8
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
1
3100
Obligated balance, end of year (net)
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
9
9
Outlays, gross:
4010
Outlays from new discretionary authority
8
8
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
9
8
4180
Budget authority, net (total)
9
9
4190
Outlays, net (total)
9
8
The 2013 Budget proposes $8.9 million in new budget authority. This appropriation provides funds for operations of the Office
of Advocacy, in accordance with the Small Business Jobs Act of 2010 (P.L. 111–240). Pursuant to Section 1602 of the Jobs
Act, SBA is requesting that the funds remain available, without fiscal year limitation, until expended.
The Office of Advocacy's advice and small business research help the Federal Government take into account the concerns of
small businesses when it develops policies and regulations. The Office's regional advocates support regulatory flexibility
at the State level, work with the regional Regulatory Fairness Boards established by the Small Business Regulatory Enforcement
Fairness Act, and promote the use of Advocacy research and data products in the curricula of universities and other schools
in their respective regions.
Object Classification (in millions of dollars)
Identification code 73–0300–0–1–376
2011 actual
2012 est.
2013 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
5
5
12.1
Civilian personnel benefits
2
2
25.2
Other services from non-Federal sources
2
2
99.9
Total new obligations
9
9
Employment Summary
Identification code 73–0300–0–1–376
2011 actual
2012 est.
2013 est.
1001
Direct civilian full-time equivalent employment
46
46
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 73–4156–0–3–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0801
Reimbursable obligations
7
8
9
0900
Total new obligations (object class 42.0)
7
8
9
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
56
59
59
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
10
8
9
1750
Spending auth from offsetting collections, disc (total)
10
8
9
1900
Budget authority (total)
10
8
9
1930
Total budgetary resources available
66
67
68
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
59
59
59
Change in obligated balance:
3030
Obligations incurred, unexpired accounts
7
8
9
3040
Outlays (gross)
–7
–8
–9
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
10
8
9
Outlays, gross:
4010
Outlays from new discretionary authority
6
8
9
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
7
8
9
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–10
–8
–9
4190
Outlays, net (total)
–3
Summary of Budget Authority and Outlays (in millions of dollars)
2011 actual
2012 est.
2013 est.
Enacted/requested:
Outlays
–3
Legislative proposal, subject to PAYGO:
Budget Authority
3
Outlays
1
1
Total:
Budget Authority
3
Outlays
–3
1
1
SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts or work orders,
and to reimburse these sureties 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. The American Jobs Act (AJA) includes a proposal to increase the maximum size of surety bond loan guarantees from
$2 million to $5 million, to enable small businesses to better compete for and win contracting opportunities. Three million
dollars are requested in the AJA for that purpose. Aside from that proposal, it is estimated that there are sufficient funds
in reserve to cover the cost of claim defaults in 2013. Therefore, no new appropriated funds are requested in the Budget.
Balance Sheet (in millions of dollars)
Identification code 73–4156–0–3–376
2010 actual
2011 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
56
59
Investments in US securities:
1106
Receivables, net
1
1
1999
Total assets
57
60
LIABILITIES:
2201
Non-Federal liabilities: Accounts payable
20
21
NET POSITION:
3300
Cumulative results of operations
37
39
4999
Total liabilities and net position
57
60
Surety Bond Guarantees Revolving Fund
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 73–4156–4–3–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0001
Direct program activity
1
1
0900
Total new obligations (object class 41.0)
1
1
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
Budget authority:
Appropriations, mandatory:
1200
Appropriation
3
1260
Appropriations, mandatory (total)
3
1930
Total budgetary resources available
3
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
1
Change in obligated balance:
3030
Obligations incurred, unexpired accounts
1
1
3040
Outlays (gross)
–1
–1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3
Outlays, gross:
4100
Outlays from new mandatory authority
1
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
1
1
4180
Budget authority, net (total)
3
4190
Outlays, net (total)
1
1
Business Loans Program Account
(including transfer of funds)
For the cost of direct loans, [$3,678,000] $2,844,000, to remain available until expended, and for the cost of guaranteed loans as authorized by section 7(a) of the Small Business
Act (Public Law 85–536) and section 503 of the Small Business Investment Act of 1958 (Public Law 85–699), [$207,100,000] $348,600,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget
Act of 1974: Provided further, That subject to section 502 of the Congressional Budget Act of 1974, during fiscal year [2012] 2013 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed [$7,500,000,000] $6,000,000,000: Provided further, That during fiscal year [2012] 2013 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed [$17,500,000,000] $16,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year [2012] 2013 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 [2012] 2013, 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, [$147,958,000] $145,060,000, which [may be transferred to and merged with] shall be paid to the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2012.)
Program and Financing (in millions of dollars)
Identification code 73–1154–0–1–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
11
9
3
0702
Loan guarantee subsidy
562
250
374
0705
Reestimates of direct loan subsidy
4
3
0706
Interest on reestimates of direct loan subsidy
4
2
0707
Reestimates of loan guarantee subsidy
3,803
2,129
0708
Interest on reestimates of loan guarantee subsidy
835
375
0709
Administrative expenses
164
148
145
0900
Total new obligations
5,383
2,916
522
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
587
60
19
1021
Recoveries of prior year unpaid obligations
9
7
6
1050
Unobligated balance (total)
596
67
25
Budget authority:
Appropriations, discretionary:
1100
Appropriation
236
359
497
1160
Appropriation, discretionary (total)
236
359
497
Appropriations, mandatory:
1200
Appropriation
4,645
2,509
1260
Appropriations, mandatory (total)
4,645
2,509
1900
Budget authority (total)
4,881
2,868
497
1930
Total budgetary resources available
5,477
2,935
522
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–34
1941
Unexpired unobligated balance, end of year
60
19
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
205
189
23
3030
Obligations incurred, unexpired accounts
5,383
2,916
522
3040
Outlays (gross)
–5,369
–3,075
–491
3080
Recoveries of prior year unpaid obligations, unexpired
–9
–7
–6
3081
Recoveries of prior year unpaid obligations, expired
–21
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
189
23
48
3100
Obligated balance, end of year (net)
189
23
48
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
236
359
497
Outlays, gross:
4010
Outlays from new discretionary authority
200
341
472
4011
Outlays from discretionary balances
524
225
19
4020
Outlays, gross (total)
724
566
491
Mandatory:
4090
Budget authority, gross
4,645
2,509
Outlays, gross:
4100
Outlays from new mandatory authority
4,645
2,509
4180
Budget authority, net (total)
4,881
2,868
497
4190
Outlays, net (total)
5,369
3,075
491
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 73–1154–0–1–376
2011 actual
2012 est.
2013 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
36
25
18
115011
Intermediary Lending Program
20
20
115999
Total direct loan levels
56
45
18
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
15.06
14.71
15.71
132011
Intermediary Lending Program
30.58
25.73
0.00
132999
Weighted average subsidy rate
20.60
19.61
15.71
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
5
4
3
133011
Intermediary Lending Program
6
5
133999
Total subsidy budget authority
11
9
3
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
3
4
4
134010
7(m) Direct Microloans — ARRA
2
1
134011
Intermediary Lending Program
5
5
134999
Total subsidy outlays
5
10
9
Direct loan upward reestimates:
135001
7(m) Direct Microloans
4
1
135007
SBIC Direct Preferred Stock and Fee Loans
3
3
135010
7(m) Direct Microloans — ARRA
1
1
135999
Total upward reestimate budget authority
8
5
Direct loan downward reestimates:
137001
7(m) Direct Microloans
–3
–3
137999
Total downward reestimate budget authority
–3
–3
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
7,959
14,493
13,650
215004
Section 504 Certified Development Companies Debentures
3,219
7,500
6,000
215006
SBIC Debentures
1,827
3,000
3,000
215010
Secondary Market Guarantee
4,299
12,000
12,000
215015
Secondary Market 504 First Mortgage Guarantees-ARRA
147
2,571
215020
7(a) Dealer Floor Plan
356
15,337
15,052
215024
7(a) Revolvers
27,514
32,722
45,738
215026
Section 504 Certified Development Companies Debentures—ARRA Ext
1,286
215027
504 Commercial Real Estate (CRE) Refinance Program
254
7,500
215028
7(a) Business Loan Guarantees—ARRA Extension
7,549
215030
7(a) Revolvers-ARRA Extension
8,713
215999
Total loan guarantee levels
63,123
95,123
95,440
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.75
0.87
1.55
232004
Section 504 Certified Development Companies Debentures
0.00
1.09
2.02
232006
SBIC Debentures
0.00
0.00
0.00
232010
Secondary Market Guarantee
0.00
0.00
0.00
232015
Secondary Market 504 First Mortgage Guarantees-ARRA
0.00
0.00
0.00
232020
7(a) Dealer Floor Plan
0.02
0.02
0.03
232024
7(a) Revolvers
0.11
0.12
0.08
232026
Section 504 Certified Development Companies Debentures—ARRA Ext
2.18
0.00
0.00
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
0.00
232028
7(a) Business Loan Guarantees—ARRA Extension
5.68
0.00
0.00
232030
7(a) Revolvers-ARRA Extension
0.16
0.00
0.00
232999
Weighted average subsidy rate
0.89
0.26
0.39
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
60
126
211
233004
Section 504 Certified Development Companies Debentures
82
121
233020
7(a) Dealer Floor Plan
3
5
233024
7(a) Revolvers
30
39
37
233026
Section 504 Certified Development Companies Debentures—ARRA Ext
28
233028
7(a) Business Loan Guarantees—ARRA Extension
429
233030
7(a) Revolvers-ARRA Extension
14
233999
Total subsidy budget authority
561
250
374
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
39
116
161
234004
Section 504 Certified Development Companies Debentures
24
76
234016
ARC Loan Guarantees—ARRA
31
234017
7(a) General Business Loan Guarantees—ARRA
12
3
1
234018
Section 504 Certified Development Companies—ARRA
19
5
1
234020
7(a) Dealer Floor Plan
1
234021
7(a) Dealer Floor Plan—ARRA
1
1
1
234024
7(a) Revolvers
18
4
12
234026
Section 504 Certified Development Companies Debentures—ARRA Ext
29
14
4
234028
7(a) Business Loan Guarantees—ARRA Extension
394
66
1
234030
7(a) Revolvers-ARRA Extension
11
234999
Total subsidy outlays
554
233
258
Guaranteed loan upward reestimates:
235002
7(a) General Business Loan Guarantees
1,800
1,122
235003
7(a) General Business Loan Guarantees—STAR
23
7
235004
Section 504 Certified Development Companies Debentures
2,030
880
235006
SBIC Debentures
44
38
235007
SBIC Participating Securities
345
1
235010
Secondary Market Guarantee
12
11
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
5
235017
7(a) General Business Loan Guarantees—ARRA
129
53
235018
Section 504 Certified Development Companies—ARRA
181
149
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
43
129
235027
504 Commercial Real Estate (CRE) Refinance Program
4
235028
7(a) Business Loan Guarantees—ARRA Extension
31
105
235999
Total upward reestimate budget authority
4,638
2,504
Guaranteed loan downward reestimates:
237002
7(a) General Business Loan Guarantees
–3
237004
Section 504 Certified Development Companies Debentures
–12
237006
SBIC Debentures
–11
237007
SBIC Participating Securities
–6
–756
237008
SBIC New Market Venture Capital
–3
–3
237010
Secondary Market Guarantee
–67
–43
237016
ARC Loan Guarantees—ARRA
–36
–35
237017
7(a) General Business Loan Guarantees—ARRA
–1
237999
Total downward reestimate subsidy budget authority
–113
–863
Administrative expense data:
3510
Budget authority
153
148
145
3590
Outlays from new authority
153
148
145
As required by the Federal Credit Reform Act of 1990, as amended, this account records 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 the business loan program.
The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis.
For 2013, the Budget proposes $497 million in new budget authority for the Business Loans Program account. This includes
$145 million in administrative expenses funding, $349 million in credit subsidy for the Sections 7(a) and 504 guaranteed loan
programs, and $2.8 million in credit subsidy for the direct Microloan Program.
The Section 7(a) program provides general business credit assistance. SBA's modeling and budget presentations treat all 7(a)
loans as term loans, however, a portion of approvals consist of revolving lines of credit, under which a borrower is able
to draw and repay multiple times during the loan term. In order to be consistent with Federal Credit Reform requirements
and better reflect the total economic activity supported by the guarantee, SBA will continue to work with OMB on future budget
presentations that ensure that the total 7(a) program levels reflect the full revolving lines of credit disbursement and repayment
activity. The Budget supports $14 billion in 7(a) term loans and $2 billion for 7(a) revolving lines of credit, which are
estimated to support $46 billion in total economic activity through draws and repayments over the life of the guarantee. Based
on the maximum draw activity at any one time, the base approval amounts are consistent with the authorized program level of
$16 billion. In addition, 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 2013, the Budget proposes a program level of $12 billion in such securities.
The Section 504 Certified Development Company program is for long-term, fixed-rate financing, and the requested guaranteed
loan program level is $6 billion in 2013. 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 and a $18 million program
level for direct Microloans.
Due to the economic crisis and significantly higher default claims, SBA recorded a $1.8 billion upward reestimate in its loan
guarantee programs. This additional subsidy cost is covered by appropriations and increases the Federal Budget deficit in
2012. Further, projected economic conditions have doubled the estimated cost of new 7(a) loan guarantees, net of fees, for
2013 compared to 2010.
Object Classification (in millions of dollars)
Identification code 73–1154–0–1–376
2011 actual
2012 est.
2013 est.
Direct obligations:
25.2
Other services from non-Federal sources
164
148
145
41.0
Grants, subsidies, and contributions
5,219
2,768
377
99.9
Total new obligations
5,383
2,916
522
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4148–0–3–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
56
45
18
0713
Payment of interest to Treasury
7
5
5
0740
Negative subsidy obligations
1
1
0742
Downward reestimate paid to receipt account
3
2
0743
Interest on downward reestimates
1
1
0900
Total new obligations
67
54
24
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
20
26
28
1021
Recoveries of prior year unpaid obligations
2
2
2
1023
Unobligated balances applied to repay debt
–19
–2
–2
1050
Unobligated balance (total)
3
26
28
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
43
44
44
1440
Borrowing authority, mandatory (total)
43
44
44
Spending authority from offsetting collections, mandatory:
1800
Collected
41
46
41
1801
Change in uncollected payments, Federal sources
6
1825
Spending authority from offsetting collections applied to repay debt
–34
–34
1850
Spending auth from offsetting collections, mand (total)
47
12
7
1900
Financing authority(total)
90
56
51
1930
Total budgetary resources available
93
82
79
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
26
28
55
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
42
63
82
3010
Uncollected pymts, Fed sources, brought forward, Oct 1
–5
–11
–11
3020
Obligated balance, start of year (net)
37
52
71
3030
Obligations incurred, unexpired accounts
67
54
24
3040
Financing disbursements (gross)
–44
–33
–35
3050
Change in uncollected pymts, Fed sources, unexpired
–6
3080
Recoveries of prior year unpaid obligations, unexpired
–2
–2
–2
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
63
82
69
3091
Uncollected pymts, Fed sources, end of year
–11
–11
–11
3100
Obligated balance, end of year (net)
52
71
58
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
90
56
51
Financing disbursements:
4110
Financing disbursements, gross
44
33
35
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Payments from program account
–5
–10
–8
4120
Upward reestimate
–4
–3
4120
Interest on reestimate
–3
–2
4122
Interest on uninvested funds
–3
–7
–7
4123
Repayments of principal, net
–26
–22
–24
4123
Other income
–2
–2
4130
Offsets against gross financing auth and disbursements (total)
–41
–46
–41
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–6
4160
Financing authority, net (mandatory)
43
10
10
4170
Financing disbursements, net (mandatory)
3
–13
–6
4180
Financing authority, net (total)
43
10
10
4190
Financing disbursements, net (total)
3
–13
–6
Status of Direct Loans (in millions of dollars)
Identification code 73–4148–0–3–376
2011 actual
2012 est.
2013 est.
Position with respect to appropriations act limitation on obligations:
1111
Limitation on direct loans
20
20
1131
Direct loan obligations exempt from limitation
36
25
18
1150
Total direct loan obligations
56
45
18
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
121
126
127
1231
Disbursements: Direct loan disbursements
34
27
35
1251
Repayments: Repayments and prepayments
–23
–20
–20
1263
Write-offs for default: Direct loans
–6
–6
–6
1290
Outstanding, end of year
126
127
136
As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and
from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that
resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget
totals.
Balance Sheet (in millions of dollars)
Identification code 73–4148–0–3–376
2010 actual
2011 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
57
79
Investments in US securities:
1106
Receivables, net
8
7
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
121
126
1405
Allowance for subsidy cost (-)
–31
–32
1499
Net present value of assets related to direct loans
90
94
1999
Total assets
155
180
LIABILITIES:
Federal liabilities:
2103
Debt
152
179
2105
Other
3
1
2999
Total liabilities
155
180
4999
Total liabilities and net position
155
180
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4149–0–3–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0005
Other Expenses
152
75
75
Credit program obligations:
0711
Default claim payments on principal
3,422
3,587
3,476
0712
Default claim payments on interest
60
20
20
0713
Payment of interest to Treasury
165
100
100
0742
Downward reestimate paid to receipt account
92
617
0743
Interest on downward reestimates
21
246
0791
Direct program activities, subtotal
3,760
4,570
3,596
0900
Total new obligations
3,912
4,645
3,671
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2,676
5,637
5,679
1023
Unobligated balances applied to repay debt
–296
1050
Unobligated balance (total)
2,380
5,637
5,679
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
42
1440
Borrowing authority, mandatory (total)
42
Spending authority from offsetting collections, mandatory:
1800
Collected
7,149
4,687
2,183
1801
Change in uncollected payments, Federal sources
–22
1850
Spending auth from offsetting collections, mand (total)
7,127
4,687
2,183
1900
Financing authority(total)
7,169
4,687
2,183
1930
Total budgetary resources available
9,549
10,324
7,862
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
5,637
5,679
4,191
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
183
94
1,146
3010
Uncollected pymts, Fed sources, brought forward, Oct 1
–201
–179
–179
3020
Obligated balance, start of year (net)
–18
–85
967
3030
Obligations incurred, unexpired accounts
3,912
4,645
3,671
3040
Financing disbursements (gross)
–4,001
–3,593
–3,481
3050
Change in uncollected pymts, Fed sources, unexpired
22
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
94
1,146
1,336
3091
Uncollected pymts, Fed sources, end of year
–179
–179
–179
3100
Obligated balance, end of year (net)
–85
967
1,157
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
7,169
4,687
2,183
Financing disbursements:
4110
Financing disbursements, gross
4,001
3,593
3,481
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–554
–233
–258
4120
Upward reestimate
–3,803
–2,129
4120
Interest on reestimate
–835
–375
4122
Interest on uninvested funds
–241
–190
–190
4123
Fees
–628
–860
–835
4123
Principal
–942
–900
–900
4123
Other
–146
4130
Offsets against gross financing auth and disbursements (total)
–7,149
–4,687
–2,183
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
22
4160
Financing authority, net (mandatory)
42
4170
Financing disbursements, net (mandatory)
–3,148
–1,094
1,298
4180
Financing authority, net (total)
42
4190
Financing disbursements, net (total)
–3,148
–1,094
1,298
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4149–0–3–376
2011 actual
2012 est.
2013 est.
Position with respect to appropriations act limitation on commitments:
2111
Limitation on guaranteed loans made by private lenders
26,540
47,064
34,650
2131
Guaranteed loan commitments exempt from limitation
36,583
48,059
60,790
2150
Total guaranteed loan commitments
63,123
95,123
95,440
2199
Guaranteed amount of guaranteed loan commitments
24,563
44,765
35,729
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
76,195
82,197
83,617
2231
Disbursements of new guaranteed loans
19,648
15,867
21,994
2251
Repayments and prepayments
–9,480
–10,227
–10,403
Adjustments:
2261
Terminations for default that result in loans receivable
–4,045
–4,094
–3,965
2263
Terminations for default that result in claim payments
–121
–126
–122
2290
Outstanding, end of year
82,197
83,617
91,121
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
69,981
71,190
77,579
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
8,396
8,859
9,235
2331
Disbursements for guaranteed loan claims
3,331
3,593
3,479
2351
Repayments of loans receivable
–878
–882
–1,034
2361
Write-offs of loans receivable
–2,199
–2,335
–2,384
2364
Other adjustments, net
209
2390
Outstanding, end of year
8,859
9,235
9,296
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
2010 actual
2011 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
2,659
5,552
Investments in US securities:
1106
Receivables, net
3,558
1,651
1206
Non-Federal assets: Receivables, net
29
51
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
8,396
8,859
1504
Foreclosed property
38
33
1505
Allowance for subsidy cost (-)
–6,204
–6,688
1599
Net present value of assets related to defaulted guaranteed loans
2,230
2,204
1999
Total assets
8,476
9,458
LIABILITIES:
Federal liabilities:
2103
Debt
3,984
3,729
2105
Other
90
907
Non-Federal liabilities:
2201
Accounts payable
166
81
2204
Liabilities for loan guarantees
4,236
4,741
2999
Total liabilities
8,476
9,458
4999
Total upward reestimate subsidy BA [73–1154]
8,476
9,458
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 73–4154–0–3–376
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0005
Guaranteed loan default claims
1
1
Credit program obligations:
0709
Administrative expenses
2
1
1
0900
Total new obligations
2
2
2
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
6
1022
Capital transfer of unobligated balances to general fund
–4
–6
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
1
1
1236
Appropriations applied to repay debt
–2
1260
Appropriations, mandatory (total)
1
1
Spending authority from offsetting collections, mandatory:
1800
Collected
8
4
4
1820
Capital transfer of spending authority from offsetting collections to general fund
–2
–2
1825
Spending authority from offsetting collections applied to repay FFB
–1
–1
1850
Spending auth from offsetting collections, mand (total)
8
1
1
1900
Budget authority (total)
8
2
2
1930
Total budgetary resources available
8
2
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
3
2
3
3030
Obligations incurred, unexpired accounts
2
2
2
3040
Outlays (gross)
–3
–1
–1
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
2
3
4
3100
Obligated balance, end of year (net)
2
3
4
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
8
2
2
Outlays, gross:
4100
Outlays from new mandatory authority
2
1
1
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
3
1
1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–8
–4
–4
4180
Budget authority, net (total)
–2
–2
4190
Outlays, net (total)
–5
–3
–3
Status of Direct Loans (in millions of dollars)
Identification code 73–4154–0–3–376
2011 actual
2012 est.
2013 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
21
17
13
1251
Repayments: Repayments and prepayments
–1
–1
Write-offs for default:
1263
Direct loans
–1
–2
–2
1264
Other adjustments, net (+ or -)
–3
–1
1290
Outstanding, end of year
17
13
10
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4154–0–3–376
2011 actual
2012 est.
2013 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
52
37
21
2251
Repayments and prepayments
–15
–15
–10
Adjustments:
2261
Terminations for default that result in loans receivable
2263
Terminations for default that result in claim payments
–1
–1
2290
Outstanding, end of year
37
21
10
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
30
16
8
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
41
40
27
2331
Disbursements for guaranteed loan claims
1
1
2351
Repayments of loans receivable
–3
–12
–12
2361
Write-offs of loans receivable
–1
–2
–2
2364
Other adjustments, net
3
2390
Outstanding, end of year
40
27
14
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
2010 actual
2011 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
8
8
1206
Non-Federal assets: Receivables, net
3
3
1601
Direct loans, gross
21
17
1603
Allowance for estimated uncollectible loans and interest (-)
–2
–2
1699
Value of assets related to direct loans
19
15
1701
Defaulted guaranteed loans, gross
42
40
1703
Allowance for estimated uncollectible loans and interest (-)
–22
–21
1799
Value of assets related to loan guarantees
20
19
1901
Other Federal assets: Other assets
6
7
1999
Total assets
56
52
LIABILITIES:
Federal liabilities:
2101
Accounts payable
1
1
2103
Debt
2
2104
Resources payable to Treasury
50
49
Non-Federal liabilities:
2201
Accounts payable
2
1
2207
Other Liabilities
1
1
2999
Total liabilities
56
52
4999
Total liabilities and net position
56
52
Object Classification (in millions of dollars)
Identification code 73–4154–0–3–376
2011 actual
2012 est.
2013 est.
Direct obligations:
42.0
Insurance claims and indemnities
1
1
1
43.0
Interest and dividends
1
1
1
99.9
Total new obligations
2
2
2
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 and resulting from major disasters declared pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act
(42 U.S.C. 5122(2)), [$117,300,000] $167,000,000, to be available until expended, of which $1,000,000 is for the Office of Inspector General of the Small Business Administration
for audits and reviews of disaster loans and the disaster loan programs and shall be [transferred to and merged with] paid to the appropriations for the Office of Inspector General; of which [$110,300,000] $157,000,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which [may be transferred to and merged with] shall be paid to the appropriations for Salaries and Expenses; and of which [$6,000,000] $9,000,000 is for indirect administrative expenses for the direct loan program, which [may be transferred to and merged with] shall be paid to the appropriations for Salaries and Expenses: Provided, That such amount is designated by Congress as being for disaster relief pursuant to section 251(b)(2)(D) of the
Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99–177), as amended. (Financial Services and General Government Appropriations Act, 2012.)
Program and Financing (in millions of dollars)
Identification code 73–1152–0–1–453
2011 actual
2012 est.
2013 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
83
121
122
0705
Reestimates of direct loan subsidy
171
126
0706
Interest on reestimates of direct loan subsidy
58
32
0709
Administrative expenses
263
116
167
0900
Total new obligations
575
395
289
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
805
514
413
1021
Recoveries of prior year unpaid obligations
10
20
20
1050
Unobligated balance (total)
815
534
433
Budget authority:
Appropriations, discretionary:
1100
Appropriation
45
116
167
1160
Appropriation, discretionary (total)
45
116
167
Appropriations, mandatory:
1200
Appropriation
229
158
1260
Appropriations, mandatory (total)
229
158
1900
Budget authority (total)
274
274
167
1930
Total budgetary resources available
1,089
808
600
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
514
413
311
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
25
58
43
3030
Obligations incurred, unexpired accounts
575
395
289
3040
Outlays (gross)
–532
–390
–285
3080
Recoveries of prior year unpaid obligations, unexpired
–10
–20
–20
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
58
43
27
3100
Obligated balance, end of year (net)
58
43
27
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
45
116
167
Outlays, gross:
4010
Outlays from new discretionary authority
45
116
167
4011
Outlays from discretionary balances
258
116
118
4020
Outlays, gross (total)
303
232
285
Mandatory:
4090
Budget authority, gross
229
158
Outlays, gross:
4100
Outlays from new mandatory authority
229
158
4180
Budget authority, net (total)
274
274
167
4190
Outlays, net (total)
532
390
285
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 73–1152–0–1–453
2011 actual
2012 est.
2013 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
611
1,100
1,100
115999
Total direct loan levels
611
1,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
13.53
11.03
11.11
132999
Weighted average subsidy rate
13.53
11.03
11.11
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
83
121
122
133999
Total subsidy budget authority
83
121
122
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
40
116
116
134999
Total subsidy outlays
40
116
116
Direct loan upward reestimates:
135001
Disaster Assistance Loans
221
156
135002
Economic Injury Disaster Loans—Terrorist Attack
8
2
135999
Total upward reestimate budget authority
229
158
Direct loan downward reestimates:
137001
Disaster Assistance Loans
–37
–2
137999
Total downward reestimate budget authority
–37
–2
Guaranteed loan levels supportable by subsidy budget authority:
215001
Immediate Disaster Assistance
18
215002
Expedited Disaster Assistance
57
215999
Total loan guarantee levels
18
57
Guaranteed loan subsidy (in percent):
232001
Immediate Disaster Assistance
0.00
1.96
0.00
232002
Expedited Disaster Assistance
0.00
0.00
2.31
232999
Weighted average subsidy rate
0.00
1.96
2.31
Guaranteed loan subsidy budget authority:
233002
Expedited Disaster Assistance
1
233999
Total subsidy budget authority
1
Guaranteed loan subsidy outlays:
234002
Expedited Disaster Assistance
1
234999
Total subsidy outlays
1
Guaranteed loan downward reestimates:
Administrative expense data:
3510
Budget authority
45
116
167
3590
Outlays from new authority
45
116
167
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 the disaster assistance program, SBA helps homeowners, renters, businesses of all sizes, and non-profit
organizations pay for the cost of replacing, rebuilding or repairing property damaged by disasters. The program is the only
form of SBA financial 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 disaster.
In 2013, the Budget supports $1.1 billion in loans, the ten-year average for such loans, excluding outlying events. The Budget
does not request new credit subsidy budget authority (BA), as SBA has sufficient unobligated balances to support estimated
2013 loan approvals. However, the Budget does request $167 million in new BA for administrative expenses related to major
disasters pursuant to a determination under section 102(2) of the Robert T. Stafford Disaster Relief and Emergency Assistance
Act. This funding will be designated as being for disaster relief under the cap adjustment in section 251(b)(2)(D) of the
Balanced Budget and Emergency Deficit Control Act of 1985, as amended. SBA expects to reprogram an additional $35 million
from unobligated subsidy balances to fund administrative expenses incurred from other disasters, including those declared
by the SBA Administrator.
Object Classification (in millions of dollars)
Identification code 73–1152–0–1–453
2011 actual
2012 est.
2013 est.
Direct obligations:
25.2
Other services from non-Federal sources
263
116
167
41.0
Grants, subsidies, and contributions
312
279
122
99.9
Total new obligations
575
395
289
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4150–0–3–453
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0003
Other
8
14
12
Credit program obligations:
0710
Direct loan obligations
611
1,100
1,100
0713
Payment of interest to Treasury
340
350
350
0742
Downward reestimate paid to receipt account
35
0743
Interest on downward reestimates
2
2
0791
Direct program activities, subtotal
988
1,452
1,450
0900
Total new obligations
996
1,466
1,462
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
762
751
1,610
1021
Recoveries of prior year unpaid obligations
90
200
150
1023
Unobligated balances applied to repay debt
–594
1050
Unobligated balance (total)
258
951
1,760
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
262
981
978
1440
Borrowing authority, mandatory (total)
262
981
978
Spending authority from offsetting collections, mandatory:
1800
Collected
1,194
1,644
1,246
1801
Change in uncollected payments, Federal sources
33
1820
Capital transfer of spending authority from offsetting collections to general fund
–500
–500
1850
Spending auth from offsetting collections, mand (total)
1,227
1,144
746
1900
Financing authority(total)
1,489
2,125
1,724
1930
Total budgetary resources available
1,747
3,076
3,484
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
751
1,610
2,022
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
219
429
595
3010
Uncollected pymts, Fed sources, brought forward, Oct 1
–25
–58
–58
3020
Obligated balance, start of year (net)
194
371
537
3030
Obligations incurred, unexpired accounts
996
1,466
1,462
3040
Financing disbursements (gross)
–696
–1,100
–1,100
3050
Change in uncollected pymts, Fed sources, unexpired
–33
3080
Recoveries of prior year unpaid obligations, unexpired
–90
–200
–150
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
429
595
807
3091
Uncollected pymts, Fed sources, end of year
–58
–58
–58
3100
Obligated balance, end of year (net)
371
537
749
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
1,489
2,125
1,724
Financing disbursements:
4110
Financing disbursements, gross
696
1,100
1,100
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–269
–271
–116
4120
Upward reestimate
–2
4120
Interest on upward reestimate
–1
4122
Interest income from Treasury
–64
–230
–230
4123
Repayments of principal, net
–859
–1,140
–900
4123
Non-Federal sources-Other
–2
4130
Offsets against gross financing auth and disbursements (total)
–1,194
–1,644
–1,246
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–33
4160
Financing authority, net (mandatory)
262
481
478
4170
Financing disbursements, net (mandatory)
–498
–544
–146
4180
Financing authority, net (total)
262
481
478
4190
Financing disbursements, net (total)
–498
–544
–146
Status of Direct Loans (in millions of dollars)
Identification code 73–4150–0–3–453
2011 actual
2012 est.
2013 est.
Position with respect to appropriations act limitation on obligations:
1131
Direct loan obligations exempt from limitation
611
1,100
1,100
1150
Total direct loan obligations
611
1,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
7,944
7,493
7,377
1231
Disbursements: Direct loan disbursements
315
713
1,037
1251
Repayments: Repayments and prepayments
–578
–634
–615
Write-offs for default:
1263
Direct loans
–207
–195
–192
1264
Other adjustments, net (+ or -)
19
1290
Outstanding, end of year
7,493
7,377
7,607
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
2010 actual
2011 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1,186
1,281
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
7,944
7,493
1405
Allowance for subsidy cost (-)
–1,475
–1,485
1499
Net present value of assets related to direct loans
6,469
6,008
1999
Total assets
7,655
7,289
LIABILITIES:
Federal liabilities:
2103
Debt
7,653
7,287
2105
Other
2
2
2999
Total liabilities
7,655
7,289
4999
Total liabilities and net position
7,655
7,289
Disaster Loans Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4293–0–3–453
2011 actual
2012 est.
2013 est.
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
Financing authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
1
1
1850
Spending auth from offsetting collections, mand (total)
1
1
1900
Financing authority(total)
1
1
1930
Total budgetary resources available
1
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1
2
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
1
1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–1
–1
4190
Financing disbursements, net (total)
–1
–1
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4293–0–3–453
2011 actual
2012 est.
2013 est.
Position with respect to appropriations act limitation on commitments:
2131
Guaranteed loan commitments exempt from limitation
18
57
2150
Total guaranteed loan commitments
18
57
2199
Guaranteed amount of guaranteed loan commitments
15
48
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
18
2231
Disbursements of new guaranteed loans
18
57
2251
Repayments and prepayments
–10
2290
Outstanding, end of year
18
65
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
15
48
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.
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 73–4153–0–3–453
2011 actual
2012 est.
2013 est.
Obligations by program activity:
0101
Interest expense to Treasury
1
1
1
0103
Other Expenses
1
0900
Total new obligations (object class 25.2)
1
2
1
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
5
1022
Capital transfer of unobligated balances to general fund
–4
–5
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
2
1
1260
Appropriations, mandatory (total)
2
2
1
Spending authority from offsetting collections, mandatory:
1800
Collected
4
4
4
1820
Capital transfer of spending authority from offsetting collections to general fund
–4
–4
1850
Spending auth from offsetting collections, mand (total)
4
1900
Budget authority (total)
6
2
1
1930
Total budgetary resources available
6
2
1
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
5
Change in obligated balance:
Obligated balance, start of year (net):
3000
Unpaid obligations, brought forward, Oct 1 (gross)
1
1
3
3030
Obligations incurred, unexpired accounts
1
2
1
3040
Outlays (gross)
–1
Obligated balance, end of year (net):
3090
Unpaid obligations, end of year (gross)
1
3
4
3100
Obligated balance, end of year (net)
1
3
4
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
6
2
1
Outlays, gross:
4100
Outlays from new mandatory authority
1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–4
–4
–4
4180
Budget authority, net (total)
2
–2
–3
4190
Outlays, net (total)
–3
–4
–4
Status of Direct Loans (in millions of dollars)
Identification code 73–4153–0–3–453
2011 actual
2012 est.
2013 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
11
9
6
1251
Repayments: Repayments and prepayments
–2
–2
–2
1263
Write-offs for default: Direct loans
–1
–1
1290
Outstanding, end of year
9
6
3
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
2010 actual
2011 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
5
5
1601
Direct loans, net
11
9
1603
Allowance for estimated uncollectible loans and interest (-)
–1
–1
1699
Value of assets related to direct loans
10
8
1999
Total assets
15
13
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
15
13
4999
Total liabilities and net position
15
13
Pollution Control Equipment Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 73–4147–0–3–376
2011 actual
2012 est.
2013 est.
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
2
1022
Capital transfer of unobligated balances to general fund
–2
–2
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
1260
Appropriations, mandatory (total)
2
1900
Budget authority (total)
2
1930
Total budgetary resources available
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2
4180
Budget authority, net (total)
2
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4147–0–3–376
2011 actual
2012 est.
2013 est.
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
10
2361
Write-offs of loans receivable
–10
2390
Outstanding, end of year
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.
Balance Sheet (in millions of dollars)
Identification code 73–4147–0–3–376
2010 actual
2011 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
2
3
1603
Allowance for estimated uncollectible loans and interest (-)
–8
1701
Defaulted guaranteed loans, gross
10
1999
Total assets
4
3
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
4
3
4999
Total liabilities and net position
4
3
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2011 actual
2012 est.
2013 est.
Offsetting receipts from the public:
73–272130
Disaster Loan Program, Downward Reestimates of Subsidies
37
2
73–272230
Business Loan Program, Downward Reestimates of Subsidies
116
866
General Fund Offsetting receipts from the public
153
868
ADMINISTRATIVE PROVISIONS
Administrative Provisions—Small Business Administration
'
(including transfer of funds)
SEC. 530. 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 608 of this Act
and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section.[SEC. 531. Section 7(d)(5)(D) of the Small Business Act (15 U.S.C. 636(d)(5)(D)) is amended by striking "three years'' and inserting
"7 years''.]SEC. [532]531. [Beginning in fiscal year 2013 and each fiscal year thereafter, the] The budget request for the Small Business Administration shall provide a detailed justification of any proposed changes from
the enacted level by individual appropriation. The detailed justification shall include at a minimum a description of each
credit and non-credit program including amount of funding and costs by appropriation account and fiscal year. For activities
funded in multiple appropriations, the budget justification shall specify the amount included in each enacted appropriation,
the amount proposed in the budget year and a justification for any proposed changes. (Financial Services and General Government Appropriations Act, 2012.)