[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, [$423,577,000]$485,923,000: 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 [2013]2014: Provided further, That [$101,093,000]$104,680,000 shall be available to fund grants for performance in fiscal year [2013]2014 or fiscal year [2014]2015 as authorized by section 21 of the Small Business Act, to remain available until September 30, [2014]2015: Provided further, That [$19,760,000]$19,850,000 shall remain available until September 30, [2014]2015 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]$6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30, [2014]2015: Provided further, That $58,050,000, shall be available to make grants to or cooperative agreements with organizations
to provide technical assistance to small businesses. Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
Disaster Relief Appropriations Act, 2013 (no language shown).
Program and Financing (in millions of dollars)
Identification code 73–0100–0–1–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0001
Executive direction
81
80
83
0002
Capital Access
93
91
92
0003
Gov. Contracting/ Bus. Development
28
27
27
0004
Entrepreneurial Development
9
9
18
0005
Management & Adminstration
23
22
26
0006
Office of Chief Information Officer
41
41
46
0007
Regional & district offices
100
98
104
0008
Agency wide costs
49
53
53
0009
Non credit programs
213
192
211
0012
Disaster
202
356
192
0900
Total new obligations
839
969
852
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
175
83
161
1021
Recoveries of prior year unpaid obligations
10
1050
Unobligated balance (total)
185
83
161
Budget authority:
Appropriations, discretionary:
1100
Appropriation
417
420
486
1100
Appropriation
20
1160
Appropriation, discretionary (total)
417
440
486
Spending authority from offsetting collections, discretionary:
1700
Collected
169
446
192
1700
Collected
160
161
166
1750
Spending auth from offsetting collections, disc (total)
329
607
358
1900
Budget authority (total)
746
1,047
844
1930
Total budgetary resources available
931
1,130
1,005
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–9
1941
Unexpired unobligated balance, end of year
83
161
153
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
495
436
300
3010
Obligations incurred, unexpired accounts
839
969
852
3011
Obligations incurred, expired accounts
11
3020
Outlays (gross)
–884
–1,105
–860
3040
Recoveries of prior year unpaid obligations, unexpired
–10
3041
Recoveries of prior year unpaid obligations, expired
–15
3050
Unpaid obligations, end of year
436
300
292
Memorandum (non-add) entries:
3100
Obligated balance, start of year
495
436
300
3200
Obligated balance, end of year
436
300
292
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
746
1,047
844
Outlays, gross:
4010
Outlays from new discretionary authority
542
706
536
4011
Outlays from discretionary balances
342
399
324
4020
Outlays, gross (total)
884
1,105
860
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Baseline Program [Text]
–317
–595
–344
4033
Baseline Program [Text]
–13
–12
–14
4040
Offsets against gross budget authority and outlays (total)
–330
–607
–358
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
1
4070
Budget authority, net (discretionary)
417
440
486
4080
Outlays, net (discretionary)
554
498
502
4180
Budget authority, net (total)
417
440
486
4190
Outlays, net (total)
554
498
502
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 2014 Budget provides $6.1 million in funding
for the continued development of a revised loan management accounting system, which will improve oversight of SBA's more than
$100 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.
For 2014, the Budget supports a new entrepreneurial education initiative designed to train and develop small business owners
that are poised for growth, as well as the Boots to Business program, which provides entrepreneurship training to America's
veterans transitioning to civilian life. The Budget also supports place-based initiatives, such as the Regional Innovation
Clusters program and growth accelerators. In addition, the 2014 Budget supports an increase in the number of SBA's Procurement
Center Representatives, who will be strategically embedded across the Federal Government to try to increase Federal contracting
opportunities for small businesses.
Object Classification (in millions of dollars)
Identification code 73–0100–0–1–376
2012 actual
2013 CR
2014 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
189
201
206
11.3
Other than full-time permanent
10
10
10
11.5
Other personnel compensation
4
4
4
11.9
Total personnel compensation
203
215
220
12.1
Civilian personnel benefits
61
64
65
21.0
Travel and transportation of persons
7
7
7
23.1
Rental payments to GSA
36
37
37
23.3
Communications, utilities, and miscellaneous charges
8
7
8
24.0
Printing and reproduction
1
1
1
25.2
Other services from non-Federal sources
100
82
101
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
202
356
192
26.0
Supplies and materials
5
4
5
31.0
Equipment
3
3
4
41.0
Grants, subsidies, and contributions
213
192
211
99.0
Direct obligations
839
968
851
99.0
Reimbursable obligations
1
1
99.9
Total new obligations
839
969
852
Employment Summary
Identification code 73–0100–0–1–376
2012 actual
2013 CR
2014 est.
1001
Direct civilian full-time equivalent employment
3,234
3,202
3,311
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,
$19,400,000. Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
Disaster Relief Appropriations Act, 2013 (no language shown).
Program and Financing (in millions of dollars)
Identification code 73–0200–0–1–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0001
Audit
7
7
9
0002
Investigations
10
10
10
0003
Management policy
1
1
1
0004
General Office/Legal Counsel
2
2
2
0900
Total new obligations
20
20
22
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
10
7
9
Budget authority:
Appropriations, discretionary:
1100
Appropriation
16
16
19
1100
Emergency pursuant to 2011 Budget Control Act, Appropriations Committee.
5
1160
Appropriation, discretionary (total)
16
21
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
22
20
1930
Total budgetary resources available
27
29
29
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
7
9
7
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3
2
3010
Obligations incurred, unexpired accounts
20
20
22
3020
Outlays (gross)
–20
–21
–22
3050
Unpaid obligations, end of year
3
2
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3
2
3200
Obligated balance, end of year
3
2
2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
17
22
20
Outlays, gross:
4010
Outlays from new discretionary authority
16
17
19
4011
Outlays from discretionary balances
4
4
3
4020
Outlays, gross (total)
20
21
22
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Baseline Program [Disaster Transfer]
–1
–1
–1
4180
Budget authority, net (total)
16
21
19
4190
Outlays, net (total)
19
20
21
The 2014 Budget proposes $19.4 million in new budget authority and $1 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.
Object Classification (in millions of dollars)
Identification code 73–0200–0–1–376
2012 actual
2013 CR
2014 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
3
99.0
Direct obligations
19
19
21
99.0
Reimbursable obligations
1
1
1
99.9
Total new obligations
20
20
22
Employment Summary
Identification code 73–0200–0–1–376
2012 actual
2013 CR
2014 est.
1001
Direct civilian full-time equivalent employment
110
112
119
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.), [$8,900,000]$8,455,000, to remain available until expended. Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
included for 2013 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 73–0300–0–1–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0001
Direct program activity
8
9
8
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
1
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
8
1160
Appropriation, discretionary (total)
9
9
8
1930
Total budgetary resources available
9
10
9
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1
1
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
2
3010
Obligations incurred, unexpired accounts
8
9
8
3020
Outlays (gross)
–7
–8
–7
3050
Unpaid obligations, end of year
1
2
3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
2
3200
Obligated balance, end of year
1
2
3
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
9
9
8
Outlays, gross:
4010
Outlays from new discretionary authority
7
8
7
4180
Budget authority, net (total)
9
9
8
4190
Outlays, net (total)
7
8
7
The 2014 Budget proposes $8.455 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 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
2012 actual
2013 CR
2014 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
5
5
5
12.1
Civilian personnel benefits
2
2
2
25.2
Other services from non-Federal sources
1
2
1
99.9
Total new obligations
8
9
8
Employment Summary
Identification code 73–0300–0–1–376
2012 actual
2013 CR
2014 est.
1001
Direct civilian full-time equivalent employment
46
46
46
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 73–4156–0–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0801
Reimbursable obligations
8
9
10
0900
Total new obligations (object class 42.0)
8
9
10
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
59
61
61
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
10
9
10
1750
Spending auth from offsetting collections, disc (total)
10
9
10
1900
Budget authority (total)
10
9
10
1930
Total budgetary resources available
69
70
71
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
61
61
61
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
3010
Obligations incurred, unexpired accounts
8
9
10
3020
Outlays (gross)
–7
–9
–10
3050
Unpaid obligations, end of year
1
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
3200
Obligated balance, end of year
1
1
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
10
9
10
Outlays, gross:
4010
Outlays from new discretionary authority
5
9
10
4011
Outlays from discretionary balances
2
4020
Outlays, gross (total)
7
9
10
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–10
–9
–10
4190
Outlays, net (total)
–3
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. It is estimated that there are sufficient funds in reserve to cover the cost of claim defaults in 2014. Therefore,
no new appropriated funds are requested in the Budget.
Balance Sheet (in millions of dollars)
Identification code 73–4156–0–3–376
2011 actual
2012 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
59
61
Investments in US securities:
1106
Receivables, net
1
2
1999
Total assets
60
63
LIABILITIES:
2201
Non-Federal liabilities: Accounts payable
21
23
NET POSITION:
3300
Cumulative results of operations
39
40
4999
Total liabilities and net position
60
63
Business Loans Program Account
(including transfer of funds)
For the cost of direct loans, [$2,844,000]$4,600,000, 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), [$348,600,000]$107,000,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget
Act of 1974: Provided further, That subject to section 502 of the Congressional Budget Act of 1974, during fiscal year [2013]2014 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed [$6,000,000,000]$7,500,000,000: Provided further, That during fiscal year [2013]2014 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed [$16,000,000,000]$17,500,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2014 commitments for loans authorized under subparagraph (C) of section 502(7)
of the Small Business Investment Act of 1958 (15 U.S.C. 696(7)) shall not exceed $7,500,000,000: Provided further, That during fiscal year [2013]2014 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]$4,000,000,000: Provided further, That during fiscal year [2013]2014, 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, [$145,060,000]$151,560,000, which shall be paid to the appropriations for Salaries and Expenses. Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
included for 2013 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 73–1154–0–1–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
8
7
5
0702
Loan guarantee subsidy
196
428
128
0705
Reestimates of direct loan subsidy
3
2
0706
Interest on reestimates of direct loan subsidy
2
2
0707
Reestimates of loan guarantee subsidy
2,129
643
0708
Interest on reestimates of loan guarantee subsidy
375
207
0709
Administrative expenses
148
149
152
0900
Total new obligations
2,861
1,438
285
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
60
77
1001
Discretionary unobligated balance brought fwd, Oct 1
60
60
1021
Recoveries of prior year unpaid obligations
8
20
22
1050
Unobligated balance (total)
68
97
22
Budget authority:
Appropriations, discretionary:
1100
Appropriation
359
487
263
1160
Appropriation, discretionary (total)
359
487
263
Appropriations, mandatory:
1200
Appropriation
2,509
854
1260
Appropriations, mandatory (total)
2,509
854
Spending authority from offsetting collections, discretionary:
1700
Collected
3
1750
Spending auth from offsetting collections, disc (total)
3
1900
Budget authority (total)
2,871
1,341
263
1930
Total budgetary resources available
2,939
1,438
285
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
77
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
189
156
258
3010
Obligations incurred, unexpired accounts
2,861
1,438
285
3020
Outlays (gross)
–2,861
–1,316
–303
3040
Recoveries of prior year unpaid obligations, unexpired
–8
–20
–22
3041
Recoveries of prior year unpaid obligations, expired
–25
3050
Unpaid obligations, end of year
156
258
218
Memorandum (non-add) entries:
3100
Obligated balance, start of year
189
156
258
3200
Obligated balance, end of year
156
258
218
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
362
487
263
Outlays, gross:
4010
Outlays from new discretionary authority
254
336
181
4011
Outlays from discretionary balances
98
126
122
4020
Outlays, gross (total)
352
462
303
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–3
Mandatory:
4090
Budget authority, gross
2,509
854
Outlays, gross:
4100
Outlays from new mandatory authority
2,509
854
4180
Budget authority, net (total)
2,868
1,341
263
4190
Outlays, net (total)
2,858
1,316
303
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 73–1154–0–1–376
2012 actual
2013 CR
2014 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
24
43
25
115011
Intermediary Lending Program
18
115999
Total direct loan levels
42
43
25
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
14.71
15.71
18.64
132011
Intermediary Lending Program
25.73
0.00
0.00
132999
Weighted average subsidy rate
19.43
15.71
18.64
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
4
7
5
133011
Intermediary Lending Program
5
133999
Total subsidy budget authority
9
7
5
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
3
3
4
134010
7(m) Direct Microloans — ARRA
1
134011
Intermediary Lending Program
2
2
134999
Total subsidy outlays
6
5
4
Direct loan upward reestimates:
135001
7(m) Direct Microloans
1
3
135007
SBIC Direct Preferred Stock and Fee Loans
3
135010
7(m) Direct Microloans — ARRA
1
1
135999
Total upward reestimate budget authority
5
4
Direct loan downward reestimates:
137001
7(m) Direct Microloans
–3
–5
137999
Total downward reestimate budget authority
–3
–5
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
12,371
14,993
15,653
215004
Section 504 Certified Development Companies Debentures
4,411
7,500
6,000
215006
SBIC Debentures
1,924
3,000
3,000
215010
Secondary Market Guarantee
3,926
12,000
12,000
215015
Secondary Market 504 First Mortgage Guarantees-ARRA
568
215020
7(a) Dealer Floor Plan
408
13,001
215024
7(a) Revolvers
32,381
50,237
41,274
215027
504 Commercial Real Estate (CRE) Refinance Program
2,246
215999
Total loan guarantee levels
58,235
100,731
77,927
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.87
1.55
–0.17
232004
Section 504 Certified Development Companies Debentures
1.09
2.02
1.71
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
0.03
0.00
232024
7(a) Revolvers
0.12
0.08
0.06
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
0.00
232999
Weighted average subsidy rate
0.33
0.42
0.13
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
108
232
–27
233004
Section 504 Certified Development Companies Debentures
48
152
103
233020
7(a) Dealer Floor Plan
4
233024
7(a) Revolvers
39
40
25
233999
Total subsidy budget authority
195
428
101
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
92
148
3
234004
Section 504 Certified Development Companies Debentures
13
65
86
234017
7(a) General Business Loan Guarantees—ARRA
2
1
1
234018
Section 504 Certified Development Companies—ARRA
6
1
1
234020
7(a) Dealer Floor Plan
1
234021
7(a) Dealer Floor Plan—ARRA
1
234024
7(a) Revolvers
35
35
35
234026
Section 504 Certified Development Companies Debentures—ARRA Ext
13
4
4
234028
7(a) Business Loan Guarantees—ARRA Extension
37
1
1
234999
Total subsidy outlays
198
255
133
Guaranteed loan upward reestimates:
235002
7(a) General Business Loan Guarantees
1,122
161
235003
7(a) General Business Loan Guarantees—STAR
7
3
235004
Section 504 Certified Development Companies Debentures
880
121
235006
SBIC Debentures
38
22
235007
SBIC Participating Securities
1
470
235008
SBIC New Market Venture Capital
11
235010
Secondary Market Guarantee
11
18
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
5
2
235017
7(a) General Business Loan Guarantees—ARRA
53
235018
Section 504 Certified Development Companies—ARRA
149
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
129
10
235027
504 Commercial Real Estate (CRE) Refinance Program
4
31
235028
7(a) Business Loan Guarantees—ARRA Extension
105
235999
Total upward reestimate budget authority
2,504
849
Guaranteed loan downward reestimates:
237002
7(a) General Business Loan Guarantees
–3
–472
237004
Section 504 Certified Development Companies Debentures
–12
–64
237006
SBIC Debentures
–11
–92
237007
SBIC Participating Securities
–756
–22
237008
SBIC New Market Venture Capital
–3
237010
Secondary Market Guarantee
–43
–20
237016
ARC Loan Guarantees—ARRA
–35
–25
237017
7(a) General Business Loan Guarantees—ARRA
–291
237018
Section 504 Certified Development Companies—ARRA
–87
237021
7(a) Dealer Floor Plan—ARRA
–1
237026
Section 504 Certified Development Companies Debentures—ARRA Ext
–34
237028
7(a) Business Loan Guarantees—ARRA Extension
–555
237999
Total downward reestimate subsidy budget authority
–863
–1,663
Administrative expense data:
3510
Budget authority
148
149
146
3590
Outlays from new authority
148
149
146
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 2014, the Budget proposes $263 million in new budget authority for the Business Loans Program account. This includes
$152 million in administrative expenses funding, $107 million in credit subsidy for the Section 504 guaranteed loan program,
and $4.6 million in credit subsidy for the direct Microloan Program. Funding for business loan administrative expenses includes
support for SBA ONE, a revamped lending platform that will use one set of forms for all 7(a) loans and serve as a one-stop
shop for all steps of the lending process.
The Section 7(a) program provides general business credit assistance. The Budget supports $15.65 billion in 7(a) term loans
and $1.85 billion for 7(a) revolving lines of credit, which are estimated to support $41.27 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 $17.5 billion. The 2014 Budget proposes to waive fees
on all small loans under $150,000 to spur lending in this market. 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 2014, 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 2014. In addition, the 2014 Budget proposes to reauthorize SBA's 504 Loan Refinancing
program, which will help small business lock in low, long-term interest rates on commercial mortgage and equipment debts and
free up resources that can be reinvested in their businesses. The Small Business Investment Company (SBIC) program provides
credit to support venture capital investments. The Budget proposes a program level of $4 billion for SBIC Debentures and a
$25 million program level for direct Microloans.
Object Classification (in millions of dollars)
Identification code 73–1154–0–1–376
2012 actual
2013 CR
2014 est.
Direct obligations:
25.2
Other services from non-Federal sources
148
149
152
41.0
Grants, subsidies, and contributions
2,713
1,289
133
99.9
Total new obligations
2,861
1,438
285
Business Loans Program Account
(Legislative proposal, not subject to PAYGO)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 73–1154–2–1–376
2012 actual
2013 CR
2014 est.
Guaranteed loan levels supportable by subsidy budget authority:
215027
504 Commercial Real Estate (CRE) Refinance Program
7,500
215999
Total loan guarantee levels
7,500
Guaranteed loan subsidy (in percent):
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
232999
Weighted average subsidy rate
0.00
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4148–0–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
42
43
25
0713
Payment of interest to Treasury
6
5
5
0740
Negative subsidy obligations
1
0742
Downward reestimate paid to receipt account
2
4
0743
Interest on downward reestimates
1
1
0900
Total new obligations
51
53
31
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
27
7
1021
Recoveries of prior year unpaid obligations
7
2
2
1023
Unobligated balances applied to repay debt
–33
–9
–2
1050
Unobligated balance (total)
1
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
47
53
31
1440
Borrowing authority, mandatory (total)
47
53
31
Spending authority from offsetting collections, mandatory:
1800
Collected
39
35
33
1801
Change in uncollected payments, Federal sources
1
1825
Spending authority from offsetting collections applied to repay debt
–30
–35
–33
1850
Spending auth from offsetting collections, mand (total)
10
1900
Financing authority (total)
57
53
31
1930
Total budgetary resources available
58
53
31
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
7
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
63
56
72
3010
Obligations incurred, unexpired accounts
51
53
31
3020
Financing disbursements (gross)
–51
–35
–35
3040
Recoveries of prior year unpaid obligations, unexpired
–7
–2
–2
3050
Unpaid obligations, end of year
56
72
66
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–11
–12
–12
3070
Change in uncollected pymts, Fed sources, unexpired
–1
3090
Uncollected pymts, Fed sources, end of year
–12
–12
–12
Memorandum (non-add) entries:
3100
Obligated balance, start of year
52
44
60
3200
Obligated balance, end of year
44
60
54
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
57
53
31
Financing disbursements:
4110
Financing disbursements, gross
51
35
35
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Payments from program account
–7
–5
–4
4120
Upward reestimate
–3
–3
4120
Interest on reestimate
–2
–2
4122
Interest on uninvested funds
–3
–4
–7
4123
Repayments of principal, net
–24
–19
–20
4123
Other income
–2
–2
4130
Offsets against gross financing auth and disbursements (total)
–39
–35
–33
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–1
4160
Financing authority, net (mandatory)
17
18
–2
4170
Financing disbursements, net (mandatory)
12
2
4180
Financing authority, net (total)
17
18
–2
4190
Financing disbursements, net (total)
12
2
Status of Direct Loans (in millions of dollars)
Identification code 73–4148–0–3–376
2012 actual
2013 CR
2014 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
21
1131
Direct loan obligations exempt from limitation
23
43
25
1142
Unobligated direct loan limitation (-)
–2
1150
Total direct loan obligations
42
43
25
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
126
144
150
1231
Disbursements: Direct loan disbursements
41
27
28
1251
Repayments: Repayments and prepayments
–23
–21
–22
1290
Outstanding, end of year
144
150
156
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
2011 actual
2012 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
79
42
Investments in US securities:
1106
Receivables, net
7
3
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
126
144
1405
Allowance for subsidy cost (-)
–32
–34
1499
Net present value of assets related to direct loans
94
110
1999
Total assets
180
155
LIABILITIES:
Federal liabilities:
2103
Debt
179
155
2105
Other
1
2999
Total liabilities
180
155
4999
Total liabilities and net position
180
155
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4149–0–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0005
Other Expenses
120
75
75
Credit program obligations:
0711
Default claim payments on principal
2,565
2,789
2,600
0712
Default claim payments on interest
134
20
20
0713
Payment of interest to Treasury
120
100
100
0740
Negative subsidy obligations
27
0742
Downward reestimate paid to receipt account
617
1,503
0743
Interest on downward reestimates
246
161
0791
Direct program activities, subtotal
3,682
4,573
2,747
0900
Total new obligations
3,802
4,648
2,822
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5,638
4,714
2,924
1023
Unobligated balances applied to repay debt
–1,233
1050
Unobligated balance (total)
4,405
4,714
2,924
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
337
1440
Borrowing authority, mandatory (total)
337
Spending authority from offsetting collections, mandatory:
1800
Collected
4,827
2,858
2,172
1801
Change in uncollected payments, Federal sources
–34
1825
Spending authority from offsetting collections applied to repay debt
–1,019
1850
Spending auth from offsetting collections, mand (total)
3,774
2,858
2,172
1900
Financing authority (total)
4,111
2,858
2,172
1930
Total budgetary resources available
8,516
7,572
5,096
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4,714
2,924
2,274
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
92
39
1,206
3010
Obligations incurred, unexpired accounts
3,802
4,648
2,822
3020
Financing disbursements (gross)
–3,855
–3,481
–2,599
3050
Unpaid obligations, end of year
39
1,206
1,429
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–178
–144
–144
3070
Change in uncollected pymts, Fed sources, unexpired
34
3090
Uncollected pymts, Fed sources, end of year
–144
–144
–144
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–86
–105
1,062
3200
Obligated balance, end of year
–105
1,062
1,285
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
4,111
2,858
2,172
Financing disbursements:
4110
Financing disbursements, gross
3,855
3,481
2,599
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–197
–255
–149
4120
Upward reestimate
–2,129
–643
4120
Interest on reestimate
–375
–207
4122
Interest on uninvested funds
–203
–190
–190
4123
Fees
–823
–835
–835
4123
Principal
–941
–728
–998
4123
Other
–159
4130
Offsets against gross financing auth and disbursements (total)
–4,827
–2,858
–2,172
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
34
4160
Financing authority, net (mandatory)
–682
4170
Financing disbursements, net (mandatory)
–972
623
427
4180
Financing authority, net (total)
–682
4190
Financing disbursements, net (total)
–972
623
427
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4149–0–3–376
2012 actual
2013 CR
2014 est.
Position with respect to appropriations act limitation on commitments:
2111
Limitation on guaranteed loans made by private lenders
36,993
37,493
38,153
2121
Limitation available from carry-forward
10,071
2131
Guaranteed loan commitments exempt from limitation
48,059
63,238
41,274
2142
Uncommitted loan guarantee limitation
–36,888
–1,500
2150
Total guaranteed loan commitments
58,235
100,731
77,927
2199
Guaranteed amount of guaranteed loan commitments
23,193
35,286
33,744
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
82,197
87,410
93,613
2231
Disbursements of new guaranteed loans
19,534
20,986
22,871
2251
Repayments and prepayments
–11,114
–11,819
–12,658
Adjustments:
2261
Terminations for default that result in loans receivable
–3,095
–2,789
–2,600
2263
Terminations for default that result in claim payments
–183
–175
–163
2264
Other adjustments, net
71
2290
Outstanding, end of year
87,410
93,613
101,063
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
74,352
79,629
85,966
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
8,859
8,611
8,360
2331
Disbursements for guaranteed loan claims
2,610
2,521
2,350
2351
Repayments of loans receivable
–835
–676
–729
2361
Write-offs of loans receivable
–2,159
–2,096
–2,016
2364
Other adjustments, net
136
2390
Outstanding, end of year
8,611
8,360
7,965
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
2011 actual
2012 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
5,552
4,562
Investments in US securities:
1106
Receivables, net
1,651
843
1206
Non-Federal assets: Receivables, net
51
70
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
8,859
8,611
1504
Foreclosed property
33
38
1505
Allowance for subsidy cost (-)
–6,688
–6,940
1599
Net present value of assets related to defaulted guaranteed loans
2,204
1,709
1999
Total assets
9,458
7,184
LIABILITIES:
Federal liabilities:
2103
Debt
3,729
1,767
2105
Other
907
1,658
Non-Federal liabilities:
2201
Accounts payable
81
33
2204
Liabilities for loan guarantees
4,741
3,726
2999
Total liabilities
9,458
7,184
4999
Total liabilities and net position
9,458
7,184
Business Guaranteed Loan Financing Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 73–4149–2–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
Credit program obligations:
0711
Default claim payments on principal
–3
0900
Total new obligations
–3
Budgetary Resources:
Financing authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
48
1850
Spending auth from offsetting collections, mand (total)
48
1900
Financing authority (total)
48
1930
Total budgetary resources available
48
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
51
Change in obligated balance:
Unpaid obligations:
3010
Obligations incurred, unexpired accounts
–3
3020
Financing disbursements (gross)
–3
3050
Unpaid obligations, end of year
–6
Memorandum (non-add) entries:
3200
Obligated balance, end of year
–6
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
48
Financing disbursements:
4110
Financing disbursements, gross
3
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4123
Fees
–48
4190
Financing disbursements, net (total)
–45
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4149–2–3–376
2012 actual
2013 CR
2014 est.
Position with respect to appropriations act limitation on commitments:
2111
Limitation on guaranteed loans made by private lenders
7,500
2150
Total guaranteed loan commitments
7,500
2199
Guaranteed amount of guaranteed loan commitments
7,500
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
2231
Disbursements of new guaranteed loans
2,236
2251
Repayments and prepayments
Adjustments:
2261
Terminations for default that result in loans receivable
–3
2263
Terminations for default that result in claim payments
2290
Outstanding, end of year
2,233
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
1,900
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
2331
Disbursements for guaranteed loan claims
3
2351
Repayments of loans receivable
2361
Write-offs of loans receivable
–1
2390
Outstanding, end of year
2
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 73–4154–0–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0005
Guaranteed loan default claims
1
2
1
0006
Interest to UST
4
4
4
0007
Other Expenses
1
1
1
0600
Direct program activities, subtotal
6
7
6
0900
Total new obligations
6
7
6
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
6
12
1022
Capital transfer of unobligated balances to general fund
–6
–12
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
2
2
1260
Appropriations, mandatory (total)
2
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
16
10
4
1820
Capital transfer of spending authority from offsetting collections to general fund
–5
1850
Spending auth from offsetting collections, mand (total)
16
5
4
1900
Budget authority (total)
18
7
6
1930
Total budgetary resources available
18
7
6
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
12
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
5
5
3010
Obligations incurred, unexpired accounts
6
7
6
3020
Outlays (gross)
–3
–7
–6
3050
Unpaid obligations, end of year
5
5
5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
5
5
3200
Obligated balance, end of year
5
5
5
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
18
7
6
Outlays, gross:
4100
Outlays from new mandatory authority
3
7
6
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–16
–10
–4
4180
Budget authority, net (total)
2
–3
2
4190
Outlays, net (total)
–13
–3
2
Status of Direct Loans (in millions of dollars)
Identification code 73–4154–0–3–376
2012 actual
2013 CR
2014 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
17
11
8
1251
Repayments: Repayments and prepayments
–1
–1
–1
1263
Write-offs for default: Direct loans
–5
–2
–2
1290
Outstanding, end of year
11
8
5
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4154–0–3–376
2012 actual
2013 CR
2014 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
37
24
13
2251
Repayments and prepayments
–12
–10
–8
2261
Adjustments: Terminations for default that result in loans receivable
–1
–1
–1
2290
Outstanding, end of year
24
13
4
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
19
10
3
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
40
27
18
2331
Disbursements for guaranteed loan claims
1
1
1
2351
Repayments of loans receivable
–9
–8
–4
2361
Write-offs of loans receivable
–7
–2
–2
2364
Other adjustments, net
2
2390
Outstanding, end of year
27
18
13
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
2011 actual
2012 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
8
16
1206
Non-Federal assets: Receivables, net
3
6
1601
Direct loans, gross
17
11
1603
Allowance for estimated uncollectible loans and interest (-)
–2
–1
1699
Value of assets related to direct loans
15
10
1701
Defaulted guaranteed loans, gross
40
27
1703
Allowance for estimated uncollectible loans and interest (-)
–21
–20
1799
Value of assets related to loan guarantees
19
7
1901
Other Federal assets: Other assets
7
6
1999
Total assets
52
45
LIABILITIES:
Federal liabilities:
2101
Accounts payable
1
2102
Interest payable
4
2104
Resources payable to Treasury
50
40
2201
Non-Federal liabilities: Accounts payable
1
1
2999
Total liabilities
52
45
4999
Total liabilities and net position
52
45
Object Classification (in millions of dollars)
Identification code 73–4154–0–3–376
2012 actual
2013 CR
2014 est.
Direct obligations:
33.0
Investments and loans
2
3
2
43.0
Interest and dividends
4
4
4
99.9
Total new obligations
6
7
6
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))], [$167,000,000]$191,900,000, to [be]remain 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 paid to the appropriations for the Office
of Inspector General; of which [$157,000,000]$181,900,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which shall be paid
to the appropriations for Salaries and Expenses; and of which $9,000,000 is for indirect administrative expenses for the direct
loan program, which shall be paid to the appropriations for Salaries and Expenses: Provided, That [such amount] of the funds provided herein, $158,650,000 shall be for major disasters declared pursuant to the Robert T. Stafford Disaster
Relief and Emergency Assistance Act (42 U.S.C. 5122(2)), of which $800,000 is for the Office of the Inspector General of the
Small Business Administration, $150,650,000 is for direct administrative expenses of loan making and servicing to carry out
the direct loan program, and $7,200,000 is for indirect administrative expenses for the direct loan program: Provided further,
That the amount for major disasters under this heading 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. Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
Disaster Relief Appropriations Act, 2013 (no language shown).
Program and Financing (in millions of dollars)
Identification code 73–1152–0–1–453
2012 actual
2013 CR
2014 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
52
455
93
0705
Reestimates of direct loan subsidy
126
24
0706
Interest on reestimates of direct loan subsidy
32
12
0709
Administrative expenses
167
446
192
0900
Total new obligations
377
937
285
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
515
445
471
1001
Discretionary unobligated balance brought fwd, Oct 1
515
445
1021
Recoveries of prior year unpaid obligations
31
31
20
1050
Unobligated balance (total)
546
476
491
Budget authority:
Appropriations, discretionary:
1100
Appropriation
117
117
33
1100
Appropriation-Discretionary, Emergency pursuant to 2011 Budget Control Act, Appropriations Committee-ADMIN
259
1100
Appropriation-Discretionary, Emergency pursuant to 2011 Budget Control Act, Appropriations Committee-SUBSIDY
520
1100
Appropriation-Discretionary, Disaster Relief pursuant to 2011 Budget Control Act, Appropriations Committee
159
1160
Appropriation, discretionary (total)
117
896
192
Appropriations, mandatory:
1200
Appropriation
159
36
1260
Appropriations, mandatory (total)
159
36
1900
Budget authority (total)
276
932
192
1930
Total budgetary resources available
822
1,408
683
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
445
471
398
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
58
20
85
3010
Obligations incurred, unexpired accounts
377
937
285
3020
Outlays (gross)
–384
–841
–313
3040
Recoveries of prior year unpaid obligations, unexpired
–31
–31
–20
3050
Unpaid obligations, end of year
20
85
37
Memorandum (non-add) entries:
3100
Obligated balance, start of year
58
20
85
3200
Obligated balance, end of year
20
85
37
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
117
896
192
Outlays, gross:
4010
Outlays from new discretionary authority
117
600
192
4011
Outlays from discretionary balances
108
205
121
4020
Outlays, gross (total)
225
805
313
Mandatory:
4090
Budget authority, gross
159
36
Outlays, gross:
4100
Outlays from new mandatory authority
159
36
4180
Budget authority, net (total)
276
932
192
4190
Outlays, net (total)
384
841
313
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 73–1152–0–1–453
2012 actual
2013 CR
2014 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
463
4,100
1,100
115999
Total direct loan levels
463
4,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
11.03
11.11
8.48
132999
Weighted average subsidy rate
11.03
11.11
8.48
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
52
455
93
133999
Total subsidy budget authority
52
455
93
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
58
428
88
134999
Total subsidy outlays
58
428
88
Direct loan upward reestimates:
135001
Disaster Assistance Loans
156
36
135002
Economic Injury Disaster Loans—Terrorist Attack
2
1
135999
Total upward reestimate budget authority
158
37
Direct loan downward reestimates:
137001
Disaster Assistance Loans
–2
–24
137002
Economic Injury Disaster Loans—Terrorist Attack
–3
137999
Total downward reestimate budget authority
–2
–27
Guaranteed loan levels supportable by subsidy budget authority:
215001
Immediate Disaster Assistance
18
215999
Total loan guarantee levels
18
Guaranteed loan subsidy (in percent):
232001
Immediate Disaster Assistance
0.00
1.94
0.00
232999
Weighted average subsidy rate
0.00
1.94
0.00
Guaranteed loan downward reestimates:
Administrative expense data:
3510
Budget authority
117
117
167
3590
Outlays from new authority
117
117
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 2014, 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
2014 loan approvals. However, the Budget does request $159 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) and $33 million for administrative expenses related to non-major disasters. The funding for major disasters 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.
Object Classification (in millions of dollars)
Identification code 73–1152–0–1–453
2012 actual
2013 CR
2014 est.
Direct obligations:
25.2
Other services from non-Federal sources
167
446
192
41.0
Grants, subsidies, and contributions
210
491
93
99.9
Total new obligations
377
937
285
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4150–0–3–453
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0003
Other
9
12
12
Credit program obligations:
0710
Direct loan obligations
463
4,100
1,100
0713
Payment of interest to Treasury
309
350
500
0742
Downward reestimate paid to receipt account
23
0743
Interest on downward reestimates
2
4
0791
Direct program activities, subtotal
774
4,477
1,600
0900
Total new obligations
783
4,489
1,612
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
750
52
1,859
1021
Recoveries of prior year unpaid obligations
228
150
99
1023
Unobligated balances applied to repay debt
–976
1050
Unobligated balance (total)
2
202
1,958
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
746
3,672
1,007
1440
Borrowing authority, mandatory (total)
746
3,672
1,007
Spending authority from offsetting collections, mandatory:
1800
Collected
1,151
2,652
1,046
1801
Change in uncollected payments, Federal sources
–37
1820
Capital transfer of spending authority from offsetting collections to general fund
–178
–500
1825
Spending authority from offsetting collections applied to repay debt
–1,027
1850
Spending auth from offsetting collections, mand (total)
87
2,474
546
1900
Financing authority (total)
833
6,146
1,553
1930
Total budgetary resources available
835
6,348
3,511
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
52
1,859
1,899
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
429
181
420
3010
Obligations incurred, unexpired accounts
783
4,489
1,612
3020
Financing disbursements (gross)
–803
–4,100
–1,933
3040
Recoveries of prior year unpaid obligations, unexpired
–228
–150
–99
3050
Unpaid obligations, end of year
181
420
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–58
–21
–21
3070
Change in uncollected pymts, Fed sources, unexpired
37
3090
Uncollected pymts, Fed sources, end of year
–21
–21
–21
Memorandum (non-add) entries:
3100
Obligated balance, start of year
371
160
399
3200
Obligated balance, end of year
160
399
–21
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
833
6,146
1,553
Financing disbursements:
4110
Financing disbursements, gross
803
4,100
1,933
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–58
–428
–88
4120
Upward reestimate
–126
–24
4120
Interest on upward reestimate
–32
–12
4122
Interest income from Treasury
–53
–230
–230
4123
Repayments of principal, net
–879
–1,958
–728
4123
Non-Federal sources-Other
–3
4130
Offsets against gross financing auth and disbursements (total)
–1,151
–2,652
–1,046
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
37
4160
Financing authority, net (mandatory)
–281
3,494
507
4170
Financing disbursements, net (mandatory)
–348
1,448
887
4180
Financing authority, net (total)
–281
3,494
507
4190
Financing disbursements, net (total)
–348
1,448
887
Status of Direct Loans (in millions of dollars)
Identification code 73–4150–0–3–453
2012 actual
2013 CR
2014 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
4,651
4,188
4,188
1131
Direct loan obligations exempt from limitation
4,100
1,100
1143
Unobligated limitation carried forward (P.L. xx) (-)
–4,188
–4,188
–4,188
1150
Total direct loan obligations
463
4,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
7,493
7,210
9,109
1231
Disbursements: Direct loan disbursements
485
2,640
1,933
1251
Repayments: Repayments and prepayments
–607
–584
–728
Write-offs for default:
1263
Direct loans
–163
–157
–198
1264
Other adjustments, net (+ or -)
2
1290
Outstanding, end of year
7,210
9,109
10,116
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
2011 actual
2012 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1,281
222
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
7,493
7,210
1405
Allowance for subsidy cost (-)
–1,485
–1,402
1499
Net present value of assets related to direct loans
6,008
5,808
1999
Total assets
7,289
6,030
LIABILITIES:
Federal liabilities:
2103
Debt
7,287
6,028
2105
Other
2
2
2999
Total liabilities
7,289
6,030
4999
Total liabilities and net position
7,289
6,030
Disaster Loans Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 73–4293–0–3–453
2012 actual
2013 CR
2014 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
2012 actual
2013 CR
2014 est.
Position with respect to appropriations act limitation on commitments:
2121
Limitation available from carry-forward
75
75
57
2143
Uncommitted limitation carried forward
–75
–57
–57
2150
Total guaranteed loan commitments
18
2199
Guaranteed amount of guaranteed loan commitments
15
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
3
2231
Disbursements of new guaranteed loans
18
2251
Repayments and prepayments
–15
–1
2290
Outstanding, end of year
3
2
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
3
2
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
2012 actual
2013 CR
2014 est.
Obligations by program activity:
0101
Interest expense to Treasury
1
1
0103
Other Expenses
1
0900
Total new obligations (object class 25.2)
2
1
Budgetary Resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
4
1022
Capital transfer of unobligated balances to general fund
–5
–4
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
2
1
1260
Appropriations, mandatory (total)
2
2
1
Spending authority from offsetting collections, mandatory:
1800
Collected
2
4
4
1820
Capital transfer of spending authority from offsetting collections to general fund
–4
–4
1850
Spending auth from offsetting collections, mand (total)
2
1900
Budget authority (total)
4
2
1
1930
Total budgetary resources available
4
2
1
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
3010
Obligations incurred, unexpired accounts
2
1
3050
Unpaid obligations, end of year
2
3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
3200
Obligated balance, end of year
2
3
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
4
2
1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–2
–4
–4
4180
Budget authority, net (total)
2
–2
–3
4190
Outlays, net (total)
–2
–4
–4
Status of Direct Loans (in millions of dollars)
Identification code 73–4153–0–3–453
2012 actual
2013 CR
2014 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
9
7
4
1251
Repayments: Repayments and prepayments
–2
–2
–2
1263
Write-offs for default: Direct loans
–1
1290
Outstanding, end of year
7
4
2
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
2011 actual
2012 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
5
4
1601
Direct loans, net
9
7
1603
Allowance for estimated uncollectible loans and interest (-)
–1
–1
1699
Value of assets related to direct loans
8
6
1999
Total assets
13
10
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
13
10
4999
Total liabilities and net position
13
10
Pollution Control Equipment Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 73–4147–0–3–376
2012 actual
2013 CR
2014 est.
Obligations by program activity:
Credit program obligations:
0711
Default claim payments on principal
1
0900
Total new obligations (object class 42.0)
1
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
1
1260
Appropriations, mandatory (total)
2
1
1900
Budget authority (total)
2
1
1930
Total budgetary resources available
2
1
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
3010
Obligations incurred, unexpired accounts
1
3050
Unpaid obligations, end of year
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
3200
Obligated balance, end of year
1
1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
2
1
4180
Budget authority, net (total)
2
1
Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4147–0–3–376
2012 actual
2013 CR
2014 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
Adjustments:
2263
Terminations for default that result in claim payments
–1
2264
Other adjustments, net
1
2290
Outstanding, end of year
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
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
2011 actual
2012 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
3
2
1999
Total assets
3
2
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
3
2
4999
Total liabilities and net position
3
2
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2012 actual
2013 CR
2014 est.
Offsetting receipts from the public:
73–272130
Disaster Loan Program, Downward Reestimates of Subsidies
2
27
73–272210
Business Loan Program, Negative Subsidies
16
73–272230
Business Loan Program, Downward Reestimates of Subsidies
866
1,670
General Fund Offsetting receipts from the public
868
1,697
16
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. (a) Section 1122(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 696 note) is repealed. (b) Subparagraph (C) of section
502(7) of the Small Business Investment Act of 1958 (15 U.S.C. 696(7)), as in effect on September 25, 2012, shall be in effect
during the period beginning on the date of enactment of this Act and ending on September 30, 2014. [SEC. 531. 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.]