Appendix - Small Business Administration

For necessary expenses, not otherwise provided for, of the Small Business Administration, including hire of passenger motor vehicles as authorized by sections 1343 and 1344 of title 31, United States Code, and not to exceed $3,500 for official reception and representation expenses, [$250,000,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight activities] $256,882,000: 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 [2014] 2015: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30, [2015: 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)] 2016. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–0100–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Executive direction	71	76	76
0002	Capital Access	84	87	88
0003	Gov. Contracting/ Bus. Development	25	27	27
0004	Entrepreneurial Development	10	14	14
0005	Management & Adminstration	21	23	23
0006	Office of Chief Information Officer	35	38	38
0007	Regional & district offices	100	101	101
0008	Agency wide costs	49	57	59
0009	Non credit programs	178	7
0012	Disaster	276	182	177

0900	Total new obligations	849	612	603

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	83	237	230
1021	Recoveries of prior year unpaid obligations	8

1050	Unobligated balance (total)	91	237	230
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	437	250	257
1130	Appropriations permanently reduced	–23

1160	Appropriation, discretionary (total)	414	250	257
	Spending authority from offsetting collections, discretionary:
1700	Collected	429	191	186
1700	Collected	155	164	160

1750	Spending auth from offsetting collections, disc (total)	584	355	346
1900	Budget authority (total)	998	605	603
1930	Total budgetary resources available	1,089	842	833
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–3
1941	Unexpired unobligated balance, end of year	237	230	230

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	434	337	223
3010	Obligations incurred, unexpired accounts	849	612	603
3011	Obligations incurred, expired accounts	10
3020	Outlays (gross)	–929	–726	–635
3040	Recoveries of prior year unpaid obligations, unexpired	–8
3041	Recoveries of prior year unpaid obligations, expired	–19

3050	Unpaid obligations, end of year	337	223	191
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	434	337	223
3200	Obligated balance, end of year	337	223	191

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	998	605	603
	Outlays, gross:
4010	Outlays from new discretionary authority	629	404	401
4011	Outlays from discretionary balances	300	322	234

4020	Outlays, gross (total)	929	726	635
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4030	Baseline Program [Text]	–571	–343	–334
4033	Baseline Program [Text]	–16	–12	–12

4040	Offsets against gross budget authority and outlays (total)	–587	–355	–346
	Additional offsets against gross budget authority only:
4052	Offsetting collections credited to expired accounts	3

4070	Budget authority, net (discretionary)	414	250	257
4080	Outlays, net (discretionary)	342	371	289
4180	Budget authority, net (total)	414	250	257
4190	Outlays, net (total)	342	371	289

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 2015 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.


Identification code 73–0100–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	200	202	204
11.3	Other than full-time permanent	6	8	8
11.5	Other personnel compensation	1	3	3

11.9	Total personnel compensation	207	213	215
12.1	Civilian personnel benefits	60	63	64
21.0	Travel and transportation of persons	5	5	5
23.1	Rental payments to GSA	35	39	42
23.3	Communications, utilities, and miscellaneous charges	8	8	8
24.0	Printing and reproduction		1	1
25.2	Other services from non-Federal sources	84	86	86
25.3	Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)	276	182	177
26.0	Supplies and materials	3	5	3
31.0	Equipment	1	2	1
41.0	Grants, subsidies, and contributions	170	7

99.0	Direct obligations	849	611	602
99.0	Reimbursable obligations		1	1

99.9	Total new obligations	849	612	603


Identification code 73–0100–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	3,776	3,106	3,106

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, [$19,000,000] $19,400,000. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–0200–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Audit	8	9	10
0002	Investigations	9	9	9
0003	Management policy	2	2	2
0004	General Office/Legal Counsel	1	1	1

0900	Total new obligations	20	21	22

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	7	7	6
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	21	19	19
1130	Appropriations permanently reduced	–1

1160	Appropriation, discretionary (total)	20	19	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)	21	20	20
1930	Total budgetary resources available	28	27	26
	Memorandum (non-add) entries:
1940	Unobligated balance expiring	–1
1941	Unexpired unobligated balance, end of year	7	6	4

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	2	2	2
3010	Obligations incurred, unexpired accounts	20	21	22
3020	Outlays (gross)	–20	–21	–22

3050	Unpaid obligations, end of year	2	2	2
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	2	2	2
3200	Obligated balance, end of year	2	2	2

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	21	20	20
	Outlays, gross:
4010	Outlays from new discretionary authority	15	19	19
4011	Outlays from discretionary balances	5	2	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)	20	19	19
4190	Outlays, net (total)	19	20	21

The 2015 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.


Identification code 73–0200–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
	Personnel compensation:
11.1	Full-time permanent	11	12	12
11.5	Other personnel compensation	1	1	1

11.9	Total personnel compensation	12	13	13
12.1	Civilian personnel benefits	4	4	4
25.2	Other services	3	3	3

99.0	Direct obligations	19	20	20
99.0	Reimbursable obligations	1	1	2

99.9	Total new obligations	20	21	22


Identification code 73–0200–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	106	112	112

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.), [$8,750,000] $8,455,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–0300–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Direct program activity	9	9	8

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	1	1	1
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	9	9	8

1160	Appropriation, discretionary (total)	9	9	8
1930	Total budgetary resources available	10	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	1	2
3010	Obligations incurred, unexpired accounts	9	9	8
3020	Outlays (gross)	–9	–8	–7

3050	Unpaid obligations, end of year	1	2	3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	1	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	8	8	7
4011	Outlays from discretionary balances	1

4020	Outlays, gross (total)	9	8	7
4180	Budget authority, net (total)	9	9	8
4190	Outlays, net (total)	9	8	7

The 2015 Budget proposes $8.455 million in new budget authority. This appropriation provides funds for operations of the Office of Advocacy to carry out its statutory duties, including those under the Regulatory Flexibility Act. 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.


Identification code 73–0300–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent	6	6	5
12.1	Civilian personnel benefits	2	2	2
25.2	Other services from non-Federal sources	1	1	1

99.9	Total new obligations	9	9	8


Identification code 73–0300–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment	46	46	46

For necessary expenses of programs supporting entrepreneurial and small business development as authorized by Public Law 108–447, [$196,165,000] $197,825,000: Provided, That $113,625,000 shall be available to fund grants for performance in fiscal year [2014] 2015 or fiscal year [2015] 2016 as authorized by section 21 of the Small Business Act, to remain available until September 30, [2015] 2016: Provided further, That $20,000,000 shall remain available until September 30, [2015] 2016 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 $8,000,000 shall be available for grants to States for fiscal year 2014 to carry out export programs that assist small business concerns authorized under section 1207 of Public Law 111–240]. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–0400–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0001	Non-Credit Programs		196	198

	Budgetary Resources:
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation		196	198

1160	Appropriation, discretionary (total)		196	198
1930	Total budgetary resources available		196	198

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			88
3010	Obligations incurred, unexpired accounts		196	198
3020	Outlays (gross)		–108	–178

3050	Unpaid obligations, end of year		88	108
	Memorandum (non-add) entries:
3100	Obligated balance, start of year			88
3200	Obligated balance, end of year		88	108

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross		196	198
	Outlays, gross:
4010	Outlays from new discretionary authority		108	109
4011	Outlays from discretionary balances			69

4020	Outlays, gross (total)		108	178
4180	Budget authority, net (total)		196	198
4190	Outlays, net (total)		108	178

For 2015, this appropriations account, which was added in FY 2014, supports SBA's core grant programs—Small Business Development Centers, SCORE and Women's Business Centers, as well as various entrepreneurial development initiatives managed by the Office of Entrepreneurial Development. These initiatives include Entrepreneurial Education, which is designed to train and develop small business owners who are poised for growth and 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 and Growth Accelerator initiatives.


Identification code 73–0400–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
11.1	Personnel compensation: Full-time permanent		2	2
12.1	Civilian personnel benefits		1	1
41.0	Grants, subsidies, and contributions		193	195

99.9	Total new obligations		196	198


Identification code 73–0400–0–1–376		2013 actual	2014 est.	2015 est.

1001	Direct civilian full-time equivalent employment		29	29


Identification code 73–4156–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0801	Reimbursable obligations	5	17	17

0900	Total new obligations (object class 42.0)	5	17	17

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	61	73	73
	Budget authority:
	Spending authority from offsetting collections, discretionary:
1700	Collected	17	17	17

1750	Spending auth from offsetting collections, disc (total)	17	17	17
1900	Budget authority (total)	17	17	17
1930	Total budgetary resources available	78	90	90
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	73	73	73

	Change in obligated balance:
	Unpaid obligations:
3010	Obligations incurred, unexpired accounts	5	17	17
3020	Outlays (gross)	–5	–17	–17

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	17	17	17
	Outlays, gross:
4010	Outlays from new discretionary authority	5	17	17
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4033	Non-Federal sources	–17	–17	–17
4190	Outlays, net (total)	–12

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 2015. Therefore, no new appropriated funds are requested in the Budget.


Identification code 73–4156–0–3–376		2012 actual	2013 actual

	ASSETS:
	Federal assets:
1101	Fund balances with Treasury	61	73
	Investments in US securities:
1106	Receivables, net	2	1

1999	Total assets	63	74
	LIABILITIES:
2201	Non-Federal liabilities: Accounts payable	23	31
	NET POSITION:
3300	Cumulative results of operations	40	43

4999	Total liabilities and net position	63	74

For the cost of direct loans, [$4,600,000] $2,500,000, to remain available until expended, and for the cost of guaranteed loans as authorized by section 503 of the Small Business Investment Act of 1958 (Public Law 85–699), [$107,000,000] $45,000,000, 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 [2014] 2015 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000: Provided further, That during fiscal year [2014] 2015 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $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 2015 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 [2014] 2015 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958 shall not exceed $4,000,000,000: Provided further, That during fiscal year [2014] 2015, 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, [$151,560,000] $147,726,000, which may be transferred to and merged with the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–1154–0–1–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0701	Direct loan subsidy	7	5	2
0702	Loan guarantee subsidy	378	130	45
0705	Reestimates of direct loan subsidy	2	1
0706	Interest on reestimates of direct loan subsidy	2	3
0707	Reestimates of loan guarantee subsidy	643	223
0708	Interest on reestimates of loan guarantee subsidy	207	79
0709	Administrative expenses	140	152	148

0900	Total new obligations	1,379	593	195

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	77	24	22
1001	Discretionary unobligated balance brought fwd, Oct 1	77	24
1021	Recoveries of prior year unpaid obligations	12	22	10

1050	Unobligated balance (total)	89	46	32
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	485	263	196
1130	Appropriations permanently reduced	–25

1160	Appropriation, discretionary (total)	460	263	196
	Appropriations, mandatory:
1200	Appropriation	854	306

1260	Appropriations, mandatory (total)	854	306
1900	Budget authority (total)	1,314	569	196
1930	Total budgetary resources available	1,403	615	228
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	24	22	33

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	156	228	149
3010	Obligations incurred, unexpired accounts	1,379	593	195
3020	Outlays (gross)	–1,279	–650	–249
3040	Recoveries of prior year unpaid obligations, unexpired	–12	–22	–10
3041	Recoveries of prior year unpaid obligations, expired	–16

3050	Unpaid obligations, end of year	228	149	85
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	156	228	149
3200	Obligated balance, end of year	228	149	85

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	460	263	196
	Outlays, gross:
4010	Outlays from new discretionary authority	140	181	163
4011	Outlays from discretionary balances	285	163	86

4020	Outlays, gross (total)	425	344	249
	Mandatory:
4090	Budget authority, gross	854	306
	Outlays, gross:
4100	Outlays from new mandatory authority	854	306
4180	Budget authority, net (total)	1,314	569	196
4190	Outlays, net (total)	1,279	650	249

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


Identification code 73–1154–0–1–376		2013 actual	2014 est.	2015 est.

	Direct loan levels supportable by subsidy budget authority:
115001	7(m) Direct Microloans	43	25	25

115999	Total direct loan levels	43	25	25
	Direct loan subsidy (in percent):
132001	7(m) Direct Microloans	15.71	18.64	10.12

132999	Weighted average subsidy rate	15.71	18.64	10.12
	Direct loan subsidy budget authority:
133001	7(m) Direct Microloans	7	5	3

133999	Total subsidy budget authority	7	5	3
	Direct loan subsidy outlays:
134001	7(m) Direct Microloans	4	9	2
134011	Intermediary Lending Program	4

134999	Total subsidy outlays	8	9	2
	Direct loan upward reestimates:
135001	7(m) Direct Microloans	3	2
135010	7(m) Direct Microloans — ARRA	1

135999	Total upward reestimate budget authority	4	2
	Direct loan downward reestimates:
137001	7(m) Direct Microloans	–5	–17
137010	7(m) Direct Microloans — ARRA		–5

137999	Total downward reestimate budget authority	–5	–22

	Guaranteed loan levels supportable by subsidy budget authority:
215002	7(a) General Business Loan Guarantees	15,710	15,667	15,649
215004	Section 504 Certified Development Companies Debentures	5,200	7,500	7,500
215006	SBIC Debentures	2,156	4,000	4,000
215010	Secondary Market Guarantee	4,490	12,000	12,000
215020	7(a) Dealer Floor Plan	141
215024	7(a) Revolvers	34,856	40,432	40,361
215027	504 Commercial Real Estate (CRE) Refinance Program			7,500

215999	Total loan guarantee levels	62,553	79,599	87,010
	Guaranteed loan subsidy (in percent):
232002	7(a) General Business Loan Guarantees	1.55	–0.16	–0.15
232004	Section 504 Certified Development Companies Debentures	2.02	1.71	0.60
232006	SBIC Debentures	0.00	0.00	0.00
232010	Secondary Market Guarantee	0.00	0.00	0.00
232020	7(a) Dealer Floor Plan	0.03	0.00	0.00
232024	7(a) Revolvers	0.08	0.06	0.05
232027	504 Commercial Real Estate (CRE) Refinance Program	0.00	0.00	0.00

232999	Weighted average subsidy rate	0.60	0.16	0.05
	Guaranteed loan subsidy budget authority:
233002	7(a) General Business Loan Guarantees	244	2
233004	Section 504 Certified Development Companies Debentures	105	128	45
233024	7(a) Revolvers	28

233999	Total subsidy budget authority	377	130	45
	Guaranteed loan subsidy outlays:
234002	7(a) General Business Loan Guarantees	177	75	1
234004	Section 504 Certified Development Companies Debentures	47	101	98
234017	7(a) General Business Loan Guarantees—ARRA	1
234018	Section 504 Certified Development Companies—ARRA	1
234024	7(a) Revolvers	39	8
234026	Section 504 Certified Development Companies Debentures—ARRA Ext	4
234028	7(a) Business Loan Guarantees—ARRA Extension	7

234999	Total subsidy outlays	276	184	99
	Guaranteed loan upward reestimates:
235002	7(a) General Business Loan Guarantees	161	122
235003	7(a) General Business Loan Guarantees—STAR	3	3
235004	Section 504 Certified Development Companies Debentures	121	8
235006	SBIC Debentures	22	71
235007	SBIC Participating Securities	470	68
235008	SBIC New Market Venture Capital	11
235010	Secondary Market Guarantee	18	25
235015	Secondary Market 504 First Mortgage Guarantees-ARRA	2
235026	Section 504 Certified Development Companies Debentures—ARRA Ext	10
235027	504 Commercial Real Estate (CRE) Refinance Program	31	6

235999	Total upward reestimate budget authority	849	303
	Guaranteed loan downward reestimates:
237002	7(a) General Business Loan Guarantees	–472	–511
237004	Section 504 Certified Development Companies Debentures	–64	–138
237006	SBIC Debentures	–92	–40
237007	SBIC Participating Securities	–22	–19
237008	SBIC New Market Venture Capital		–1
237010	Secondary Market Guarantee	–20	–39
237015	Secondary Market 504 First Mortgage Guarantees-ARRA		–5
237016	ARC Loan Guarantees—ARRA	–25	–21
237017	7(a) General Business Loan Guarantees—ARRA	–291	–24
237018	Section 504 Certified Development Companies—ARRA	–87	–66
237021	7(a) Dealer Floor Plan—ARRA	–1	–1
237026	Section 504 Certified Development Companies Debentures—ARRA Ext	–34	–76
237027	504 Commercial Real Estate (CRE) Refinance Program		–7
237028	7(a) Business Loan Guarantees—ARRA Extension	–555	–113

237999	Total downward reestimate subsidy budget authority	–1,663	–1,061

	Administrative expense data:
3510	Budget authority	140	152	148
3590	Outlays from new authority	140	152	148

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 2015, the Budget proposes $195.2 million in new budget authority for the Business Loans Program account. This includes $147.7 million in administrative expenses funding, $45 million in credit subsidy for the guaranteed loan program authorized by Section 503 of the Small Business Investment Act of 1958, and $2.5 million in credit subsidy for the direct Microloan Program.

The Section 7(a) program provides general business credit assistance at no subsidy cost to the taxpayer in 2015. 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 $40.36 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 2015 Budget proposes to waive upfront and annual fees on all small business loans of $150,000 or less to spur lending in this market. The Budget also proposes to waive upfront fees on SBA Express loans to veterans between $150,000 and $350,000 and a 50 percent waiver of upfront fees on all non-SBA Express loans to veterans above $150,000. 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 2015, the Budget proposes a program level of $12 billion in such securities.

The guaranteed loan program authorized by Section 503 of the Small Business Investment Act of 1958 is for long-term, fixed-rate financing, and the requested guaranteed loan program level is $7.5 billion in 2015. In addition, the 2015 Budget proposes to reauthorize SBA's 504 Debt Refinancing program with a program level of $7.5 billion, 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.


Identification code 73–1154–0–1–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
25.2	Other services from non-Federal sources	140	152	148
41.0	Grants, subsidies, and contributions	1,239	441	47

99.9	Total new obligations	1,379	593	195


Identification code 73–4148–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0710	Direct loan obligations	43	25	25
0713	Payment of interest to Treasury	6	5	5
0715	Other	1	1	1
0742	Downward reestimate paid to receipt account	4	21
0743	Interest on downward reestimates	1	2

0900	Total new obligations	55	54	31

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	6	28
1021	Recoveries of prior year unpaid obligations	3	3	2
1023	Unobligated balances applied to repay debt	–7	–15	–2

1050	Unobligated balance (total)	2	16
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	49	38	31

1440	Borrowing authority, mandatory (total)	49	38	31
	Spending authority from offsetting collections, mandatory:
1800	Collected	39	37	31
1801	Change in uncollected payments, Federal sources	–2
1825	Spending authority from offsetting collections applied to repay debt	–5	–37	–31

1850	Spending auth from offsetting collections, mand (total)	32
1900	Financing authority (total)	81	38	31
1930	Total budgetary resources available	83	54	31
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	28

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	56	54	49
3010	Obligations incurred, unexpired accounts	55	54	31
3020	Financing disbursements (gross)	–54	–56	–35
3040	Recoveries of prior year unpaid obligations, unexpired	–3	–3	–2

3050	Unpaid obligations, end of year	54	49	43
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–12	–10	–10
3070	Change in uncollected pymts, Fed sources, unexpired	2

3090	Uncollected pymts, Fed sources, end of year	–10	–10	–10
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	44	44	39
3200	Obligated balance, end of year	44	39	33

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	81	38	31
	Financing disbursements:
4110	Financing disbursements, gross	54	56	35
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Federal sources: Payments from program account	–8	–7	–2
4120	Upward reestimate	–2	–1
4120	Interest on reestimate	–2	–3
4122	Interest on uninvested funds	–3	–3	–7
4123	Repayments of principal, net	–24	–23	–20
4123	Other income			–2

4130	Offsets against gross financing auth and disbursements (total)	–39	–37	–31
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	2

4160	Financing authority, net (mandatory)	44	1
4170	Financing disbursements, net (mandatory)	15	19	4
4180	Financing authority, net (total)	44	1
4190	Financing disbursements, net (total)	15	19	4


Identification code 73–4148–0–3–376		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on obligations:
1121	Limitation available from carry-forward	23
1131	Direct loan obligations exempt from limitation	22	25	25
1143	Unobligated limitation carried forward (P.L. xx) (-)	–2

1150	Total direct loan obligations	43	25	25

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	144	164	170
1231	Disbursements: Direct loan disbursements	43	28	28
1251	Repayments: Repayments and prepayments	–23	–22	–22

1290	Outstanding, end of year	164	170	176

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.


Identification code 73–4148–0–3–376		2012 actual	2013 actual

	ASSETS:
	Federal assets:
1101	Fund balances with Treasury	42	63
	Investments in US securities:
1106	Receivables, net	3	1
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	144	164
1405	Allowance for subsidy cost (-)	–34	–18

1499	Net present value of assets related to direct loans	110	146

1999	Total assets	155	210
	LIABILITIES:
2103	Federal liabilities: Debt	155	210

4999	Total liabilities and net position	155	210


Identification code 73–4149–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0005	Other Expenses	28	50	75
	Credit program obligations:
0711	Default claim payments on principal	2,110	2,200	2,600
0712	Default claim payments on interest	173	175	20
0713	Payment of interest to Treasury	62	70	100
0742	Downward reestimate paid to receipt account	1,503	939
0743	Interest on downward reestimates	161	122

0791	Direct program activities, subtotal	4,009	3,506	2,720

0900	Total new obligations	4,037	3,556	2,795

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4,713	3,592	2,472
1023	Unobligated balances applied to repay debt	–557

1050	Unobligated balance (total)	4,156	3,592	2,472
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected	3,398	2,436	2,122
1801	Change in uncollected payments, Federal sources	75

1850	Spending auth from offsetting collections, mand (total)	3,473	2,436	2,122
1900	Financing authority (total)	3,473	2,436	2,122
1930	Total budgetary resources available	7,629	6,028	4,594
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	3,592	2,472	1,799

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	40	40	997
3010	Obligations incurred, unexpired accounts	4,037	3,556	2,795
3020	Financing disbursements (gross)	–4,037	–2,599	–2,599

3050	Unpaid obligations, end of year	40	997	1,193
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–144	–219	–219
3070	Change in uncollected pymts, Fed sources, unexpired	–75

3090	Uncollected pymts, Fed sources, end of year	–219	–219	–219
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	–104	–179	778
3200	Obligated balance, end of year	–179	778	974

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	3,473	2,436	2,122
	Financing disbursements:
4110	Financing disbursements, gross	4,037	2,599	2,599
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Payments from program account	–276	–184	–99
4120	Upward reestimate	–643	–223
4120	Interest on reestimate	–207	–79
4122	Interest on uninvested funds	–110	–110	–190
4123	Fees	–2,162	–1,000	–835
4123	Principal		–840	–998

4130	Offsets against gross financing auth and disbursements (total)	–3,398	–2,436	–2,122
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	–75
4170	Financing disbursements, net (mandatory)	639	163	477
4190	Financing disbursements, net (total)	639	163	477


Identification code 73–4149–0–3–376		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on commitments:
2111	Limitation on guaranteed loans made by private lenders	40,000	39,167	46,649
2121	Limitation available from carry-forward
2131	Guaranteed loan commitments exempt from limitation	35,057	40,432	40,361
2142	Uncommitted loan guarantee limitation	–12,504

2150	Total guaranteed loan commitments	62,553	79,599	87,010
2199	Guaranteed amount of guaranteed loan commitments	23,914	33,744	33,744

	Cumulative balance of guaranteed loans outstanding:
2210	Outstanding, start of year	87,410	93,094	100,544
2231	Disbursements of new guaranteed loans	21,660	22,871	22,871
2251	Repayments and prepayments	–13,357	–12,658	–12,658
	Adjustments:
2261	Terminations for default that result in loans receivable	–2,445	–2,600	–2,600
2263	Terminations for default that result in claim payments	–143	–163	–163
2264	Other adjustments, net	–31

2290	Outstanding, end of year	93,094	100,544	107,994

	Memorandum:
2299	Guaranteed amount of guaranteed loans outstanding, end of year	79,054	85,966	85,966

	Addendum:
	Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310	Outstanding, start of year	8,611	8,117	7,722
2331	Disbursements for guaranteed loan claims	2,084	2,350	2,350
2351	Repayments of loans receivable	–835	–729	–729
2361	Write-offs of loans receivable	–1,955	–2,016	–2,016
2364	Other adjustments, net	212

2390	Outstanding, end of year	8,117	7,722	7,327

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.


Identification code 73–4149–0–3–376		2012 actual	2013 actual

	ASSETS:
	Federal assets:
1101	Fund balances with Treasury	4,562	3,401
	Investments in US securities:
1106	Receivables, net	843	323
1206	Non-Federal assets: Receivables, net	70	82
	Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501	Defaulted guaranteed loans receivable, gross	8,611	8,117
1504	Foreclosed property	38	40
1505	Allowance for subsidy cost (-)	–6,940	–6,644

1599	Net present value of assets related to defaulted guaranteed loans	1,709	1,513

1999	Total assets	7,184	5,319
	LIABILITIES:
	Federal liabilities:
2103	Debt	1,767	1,245
2105	Other	1,658	1,053
	Non-Federal liabilities:
2201	Accounts payable	33	34
2204	Liabilities for loan guarantees	3,726	2,987

2999	Total liabilities	7,184	5,319

4999	Total liabilities and net position	7,184	5,319


Identification code 73–4154–0–3–376		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0005	Guaranteed loan default claims		3	3
0006	Interest to UST	1	3	3
0007	Other Expenses		2	2

0600	Direct program activities, subtotal	1	8	8

0900	Total new obligations	1	8	8

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	11	20
1022	Capital transfer of unobligated balances to general fund	–11	–20
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	2	2

1260	Appropriations, mandatory (total)	2	2	2
	Spending authority from offsetting collections, mandatory:
1800	Collected	19	6	6

1850	Spending auth from offsetting collections, mand (total)	19	6	6
1900	Budget authority (total)	21	8	8
1930	Total budgetary resources available	21	8	8
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	20

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	5	3	3
3010	Obligations incurred, unexpired accounts	1	8	8
3020	Outlays (gross)	–3	–8	–8

3050	Unpaid obligations, end of year	3	3	3
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	5	3	3
3200	Obligated balance, end of year	3	3	3

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	21	8	8
	Outlays, gross:
4100	Outlays from new mandatory authority	1	8	8
4101	Outlays from mandatory balances	2

4110	Outlays, gross (total)	3	8	8
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–19	–6	–6
4180	Budget authority, net (total)	2	2	2
4190	Outlays, net (total)	–16	2	2


Identification code 73–4154–0–3–376		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	11	11	8
1251	Repayments: Repayments and prepayments	–7	–1	–1
	Write-offs for default:
1263	Direct loans		–2	–2
1264	Other adjustments, net (+ or -)	7

1290	Outstanding, end of year	11	8	5


Identification code 73–4154–0–3–376		2013 actual	2014 est.	2015 est.

	Cumulative balance of guaranteed loans outstanding:
2210	Outstanding, start of year	24	13	4
2251	Repayments and prepayments	–10	–8	–1
2261	Adjustments: Terminations for default that result in loans receivable	–1	–1

2290	Outstanding, end of year	13	4	3

	Memorandum:
2299	Guaranteed amount of guaranteed loans outstanding, end of year	11	3	3

	Addendum:
	Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310	Outstanding, start of year	27	10	7
2331	Disbursements for guaranteed loan claims		3	3
2351	Repayments of loans receivable	–10	–4	–3
2361	Write-offs of loans receivable	–2	–2	–1
2364	Other adjustments, net	–5

2390	Outstanding, end of year	10	7	6

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.


Identification code 73–4154–0–3–376		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	16	23
1206	Non-Federal assets: Receivables, net	6	4
1601	Direct loans, gross	11	11
1603	Allowance for estimated uncollectible loans and interest (-)	–1	–7

1699	Value of assets related to direct loans	10	4
1701	Defaulted guaranteed loans, gross	27	10
1703	Allowance for estimated uncollectible loans and interest (-)	–20	–10

1799	Value of assets related to loan guarantees	7
	Other Federal assets:
1801	Cash and other monetary assets		4
1901	Other assets	6

1999	Total assets	45	35
	LIABILITIES:
	Federal liabilities:
2102	Interest payable	4
2104	Resources payable to Treasury	40	32
2201	Non-Federal liabilities: Accounts payable	1	3

2999	Total liabilities	45	35

4999	Total liabilities and net position	45	35


Identification code 73–4154–0–3–376		2013 actual	2014 est.	2015 est.

	Direct obligations:
33.0	Investments and loans	1	3	3
43.0	Interest and dividends		5	5

99.9	Total new obligations	1	8	8

For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, [$191,900,000] $186,858,000, 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 [$181,900,000] $176,858,000 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 $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, of the funds provided herein, $154,636,000 shall be for major disasters declared pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)); $147,187,970 is for direct administrative expenses of loan making and servicing to carry out the direct loan program; and $7,448,030 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. (Financial Services and General Government Appropriations Act, 2014.)


Identification code 73–1152–0–1–453		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
	Credit program obligations:
0701	Direct loan subsidy	146	93	136
0705	Reestimates of direct loan subsidy	24	35
0706	Interest on reestimates of direct loan subsidy	12	4
0709	Administrative expenses	427	192	187

0900	Total new obligations	609	324	323

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	444	731	657
1001	Discretionary unobligated balance brought fwd, Oct 1	444	731
1021	Recoveries of prior year unpaid obligations	9	20	20

1050	Unobligated balance (total)	453	751	677
	Budget authority:
	Appropriations, discretionary:
1100	Appropriation	117	192	32
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			155
1130	Appropriations permanently reduced	–45

1160	Appropriation, discretionary (total)	851	192	187
	Appropriations, mandatory:
1200	Appropriation	36	38

1260	Appropriations, mandatory (total)	36	38
1900	Budget authority (total)	887	230	187
1930	Total budgetary resources available	1,340	981	864
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	731	657	541

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	21	67	41
3010	Obligations incurred, unexpired accounts	609	324	323
3020	Outlays (gross)	–554	–330	–315
3040	Recoveries of prior year unpaid obligations, unexpired	–9	–20	–20

3050	Unpaid obligations, end of year	67	41	29
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	21	67	41
3200	Obligated balance, end of year	67	41	29

	Budget authority and outlays, net:
	Discretionary:
4000	Budget authority, gross	851	192	187
	Outlays, gross:
4010	Outlays from new discretionary authority	395	192	187
4011	Outlays from discretionary balances	123	100	128

4020	Outlays, gross (total)	518	292	315
	Mandatory:
4090	Budget authority, gross	36	38
	Outlays, gross:
4100	Outlays from new mandatory authority	36	38
4180	Budget authority, net (total)	887	230	187
4190	Outlays, net (total)	554	330	315

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


Identification code 73–1152–0–1–453		2013 actual	2014 est.	2015 est.

	Direct loan levels supportable by subsidy budget authority:
115001	Disaster Assistance Loans	1,317	1,100	1,100

115999	Total direct loan levels	1,317	1,100	1,100
	Direct loan subsidy (in percent):
132001	Disaster Assistance Loans	11.11	8.48	12.37

132999	Weighted average subsidy rate	11.11	8.48	12.37
	Direct loan subsidy budget authority:
133001	Disaster Assistance Loans	146	93	136

133999	Total subsidy budget authority	146	93	136
	Direct loan subsidy outlays:
134001	Disaster Assistance Loans	91	50	88

134999	Total subsidy outlays	91	50	88
	Direct loan upward reestimates:
135001	Disaster Assistance Loans	36	38
135002	Economic Injury Disaster Loans—Terrorist Attack	1

135999	Total upward reestimate budget authority	37	38
	Direct loan downward reestimates:
137001	Disaster Assistance Loans	–24	–37
137002	Economic Injury Disaster Loans—Terrorist Attack	–3	–3

137999	Total downward reestimate budget authority	–27	–40

	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	0.00	1.93

232999	Weighted average subsidy rate	0.00	0.00	1.93
	Guaranteed loan downward reestimates:

	Administrative expense data:
3510	Budget authority	357	192	187
3590	Outlays from new authority	357	192	187

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

Disaster loans made pursuant to Section 7(b) of the Small Business Act provide Federal assistance for non-farm, private sector disaster losses. Through 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 2015, 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 2015 loan approvals. However, the Budget does request $154.6 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 $32.2 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.


Identification code 73–1152–0–1–453		2013 actual	2014 est.	2015 est.

	Direct obligations:
25.2	Other services from non-Federal sources	427	192	187
41.0	Grants, subsidies, and contributions	182	132	136

99.9	Total new obligations	609	324	323


Identification code 73–4150–0–3–453		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0003	Other	11	12	12
	Credit program obligations:
0710	Direct loan obligations	1,317	1,100	1,100
0713	Payment of interest to Treasury	295	500	500
0742	Downward reestimate paid to receipt account	23	30
0743	Interest on downward reestimates	4	10

0791	Direct program activities, subtotal	1,639	1,640	1,600

0900	Total new obligations	1,650	1,652	1,612

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	50	517	557
1021	Recoveries of prior year unpaid obligations	79	99	99
1023	Unobligated balances applied to repay debt	–32

1050	Unobligated balance (total)	97	616	656
	Financing authority:
	Borrowing authority, mandatory:
1400	Borrowing authority	1,471	1,047	1,007

1440	Borrowing authority, mandatory (total)	1,471	1,047	1,007
	Spending authority from offsetting collections, mandatory:
1800	Collected	1,103	1,046	1,046
1801	Change in uncollected payments, Federal sources	47
1820	Capital transfer of spending authority from offsetting collections to general fund		–500	–500
1825	Spending authority from offsetting collections applied to repay debt	–551

1850	Spending auth from offsetting collections, mand (total)	599	546	546
1900	Financing authority (total)	2,070	1,593	1,553
1930	Total budgetary resources available	2,167	2,209	2,209
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	517	557	597

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1	182	607	227
3010	Obligations incurred, unexpired accounts	1,650	1,652	1,612
3020	Financing disbursements (gross)	–1,146	–1,933	–1,740
3040	Recoveries of prior year unpaid obligations, unexpired	–79	–99	–99

3050	Unpaid obligations, end of year	607	227
	Uncollected payments:
3060	Uncollected pymts, Fed sources, brought forward, Oct 1	–21	–68	–68
3070	Change in uncollected pymts, Fed sources, unexpired	–47

3090	Uncollected pymts, Fed sources, end of year	–68	–68	–68
	Memorandum (non-add) entries:
3100	Obligated balance, start of year	161	539	159
3200	Obligated balance, end of year	539	159	–68

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross	2,070	1,593	1,553
	Financing disbursements:
4110	Financing disbursements, gross	1,146	1,933	1,740
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Payments from program account	–91	–88	–88
4120	Upward reestimate	–24
4120	Interest on upward reestimate	–12
4122	Interest income from Treasury	–54	–230	–230
4123	Repayments of principal, net	–922	–728	–728

4130	Offsets against gross financing auth and disbursements (total)	–1,103	–1,046	–1,046
	Additional offsets against financing authority only (total):
4140	Change in uncollected pymts, Fed sources, unexpired	–47

4160	Financing authority, net (mandatory)	920	547	507
4170	Financing disbursements, net (mandatory)	43	887	694
4180	Financing authority, net (total)	920	547	507
4190	Financing disbursements, net (total)	43	887	694


Identification code 73–4150–0–3–453		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on obligations:
1121	Limitation available from carry-forward	4,188	4,188	4,188
1131	Direct loan obligations exempt from limitation	1,317	1,100	1,100
1143	Unobligated limitation carried forward (P.L. xx) (-)	–4,188	–4,188	–4,188

1150	Total direct loan obligations	1,317	1,100	1,100

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	7,210	7,206	7,122
1231	Disbursements: Direct loan disbursements	816	704	1,040
1251	Repayments: Repayments and prepayments	–650	–614	–600
	Write-offs for default:
1263	Direct loans	–174	–174	–172
1264	Other adjustments, net (+ or -)	4

1290	Outstanding, end of year	7,206	7,122	7,390

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.


Identification code 73–4150–0–3–453		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	222	836
	Net value of assets related to post-1991 direct loans receivable:
1401	Direct loans receivable, gross	7,210	7,206
1405	Allowance for subsidy cost (-)	–1,402	–1,344

1499	Net present value of assets related to direct loans	5,808	5,862

1999	Total assets	6,030	6,698
	LIABILITIES:
	Federal liabilities:
2103	Debt	6,028	6,696
2105	Other	2	2

2999	Total liabilities	6,030	6,698

4999	Total liabilities and net position	6,030	6,698


Identification code 73–4293–0–3–453		2013 actual	2014 est.	2015 est.

	Budgetary Resources:
	Financing authority:
	Spending authority from offsetting collections, mandatory:
1800	Collected			1

1850	Spending auth from offsetting collections, mand (total)			1
1900	Financing authority (total)			1
1930	Total budgetary resources available			1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year			1

	Financing authority and disbursements, net:
	Mandatory:
4090	Financing authority, gross			1
	Offsets against gross financing authority and disbursements:
	Offsetting collections (collected) from:
4120	Payments from program account			–1
4190	Financing disbursements, net (total)			–1


Identification code 73–4293–0–3–453		2013 actual	2014 est.	2015 est.

	Position with respect to appropriations act limitation on commitments:
2121	Limitation available from carry-forward	75	75	75
2143	Uncommitted limitation carried forward	–75	–75	–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
2231	Disbursements of new guaranteed loans			18
2251	Repayments and prepayments			–15

2290	Outstanding, end of year			3

	Memorandum:
2299	Guaranteed amount of guaranteed loans outstanding, end of year			2


Identification code 73–4153–0–3–453		2013 actual	2014 est.	2015 est.

	Obligations by program activity:
0101	Interest expense to Treasury		4	1
0103	Other Expenses		3

0900	Total new obligations (object class 25.2)		7	1

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	4	3
1022	Capital transfer of unobligated balances to general fund	–4	–3
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	2	2	1

1260	Appropriations, mandatory (total)	2	2	1
	Spending authority from offsetting collections, mandatory:
1800	Collected	1	5	4
1820	Capital transfer of spending authority from offsetting collections to general fund			–4

1850	Spending auth from offsetting collections, mand (total)	1	5
1900	Budget authority (total)	3	7	1
1930	Total budgetary resources available	3	7	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	3

	Change in obligated balance:
	Unpaid obligations:
3000	Unpaid obligations, brought forward, Oct 1			2
3010	Obligations incurred, unexpired accounts		7	1
3020	Outlays (gross)		–5

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	3	7	1
	Outlays, gross:
4100	Outlays from new mandatory authority		5
	Offsets against gross budget authority and outlays:
	Offsetting collections (collected) from:
4123	Non-Federal sources	–1	–5	–4
4180	Budget authority, net (total)	2	2	–3
4190	Outlays, net (total)	–1		–4


Identification code 73–4153–0–3–453		2013 actual	2014 est.	2015 est.

	Cumulative balance of direct loans outstanding:
1210	Outstanding, start of year	7	5	3
1251	Repayments: Repayments and prepayments	–1	–2	–2
1263	Write-offs for default: Direct loans	–1

1290	Outstanding, end of year	5	3	1

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.


Identification code 73–4153–0–3–453		2012 actual	2013 actual

	ASSETS:
1101	Federal assets: Fund balances with Treasury	4	4
1601	Direct loans, net	7	5
1603	Allowance for estimated uncollectible loans and interest (-)	–1	–1

1699	Value of assets related to direct loans	6	4

1999	Total assets	10	8
	LIABILITIES:
2104	Federal liabilities: Resources payable to Treasury	10	8

4999	Total liabilities and net position	10	8


Identification code 73–4147–0–3–376		2013 actual	2014 est.	2015 est.

	Budgetary Resources:
	Unobligated balance:
1000	Unobligated balance brought forward, Oct 1	2	1
1022	Capital transfer of unobligated balances to general fund	–2	–1
	Budget authority:
	Appropriations, mandatory:
1200	Appropriation	1	1	1
1239	Appropriations substituted for borrowing authority		–1	–1

1260	Appropriations, mandatory (total)	1
1900	Budget authority (total)	1
1930	Total budgetary resources available	1
	Memorandum (non-add) entries:
1941	Unexpired unobligated balance, end of year	1

	Budget authority and outlays, net:
	Mandatory:
4090	Budget authority, gross	1
4180	Budget authority, net (total)	1

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.


		2013 actual	2014 est.	2015 est.

Offsetting receipts from the public:
73–272130	Disaster Loan Program, Downward Reestimates of Subsidies	27	40
73–272230	Business Loan Program, Downward Reestimates of Subsidies	1,670	1,084

General Fund Offsetting receipts from the public		1,697	1,124

SMALL BUSINESS ADMINISTRATION

Federal Funds

Salaries and Expenses

Office of Inspector General

Office of Advocacy

Entrepreneurial Development Programs

Surety Bond Guarantees Revolving Fund

Business Loans Program Account

(including transfer of funds)

Business Direct Loan Financing Account

Business Guaranteed Loan Financing Account

Business Loan Fund Liquidating Account

Disaster Loans Program Account

(including transfers of funds)

Disaster Direct Loan Financing Account

Disaster Loans Guaranteed Loan Financing Account

Disaster Loan Fund Liquidating Account

Pollution Control Equipment Fund Liquidating Account

GENERAL FUND RECEIPT ACCOUNTS

ADMINISTRATIVE PROVISIONS

Administrative Provisions—Small Business Administration