[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
Small Business Administration
Salaries and expenses
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, [$257,000,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight
activities] $281,938,000: 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 [2015]2016: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
[2016: 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)]2017: Provided further, That $1,000,000 shall be used for a Digital Service team to ensure the effectiveness of the agency's
digital services for high-priority programs: Provided further, That $2,475,000 shall be used to support the agency's activities
related to implementation of the Digital Accountability and Transparency Act (DATA Act; Public Law 113–101; 31 U.S.C. 6101
note), to include changes in business processes, workforce, or information technology to support high quality, transparent
Federal spending information, of which $475,000 shall be available to support the agency's implementation of a uniform procurement
instrument identifier as described in 48 C.F.R. subpart 4.16. (Financial Services and General Government Appropriations Act, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0001
Executive direction
79
76
80
0002
Capital Access
79
78
86
0003
Gov. Contracting/ Bus. Development
25
24
25
0004
Entrepreneurial Development
9
8
13
0005
Cheif Operating Office
21
21
23
0006
Office of Chief Information Officer
35
35
39
0007
Regional & district offices
100
100
102
0008
Agency wide costs
54
60
64
0009
Non credit programs
4
0012
Disaster
196
177
177
0013
Investment & Innovation
19
18
18
0014
International Trade
6
6
6
0900
Total new obligations
627
603
633
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
237
236
236
1021
Recoveries of prior year unpaid obligations
19
1050
Unobligated balance (total)
256
236
236
Budget authority:
Appropriations, discretionary:
1100
Appropriation
250
257
282
1120
Appropriations transferred to other accts [073–0400]
–1
1160
Appropriation, discretionary (total)
249
257
282
Spending authority from offsetting collections, discretionary:
1700
Collected
191
186
186
1700
Collected
170
160
165
1750
Spending auth from offsetting collections, disc (total)
361
346
351
1900
Budget authority (total)
610
603
633
1930
Total budgetary resources available
866
839
869
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–3
1941
Unexpired unobligated balance, end of year
236
236
236
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
338
202
171
3010
Obligations incurred, unexpired accounts
627
603
633
3011
Obligations incurred, expired accounts
8
3020
Outlays (gross)
–730
–634
–630
3040
Recoveries of prior year unpaid obligations, unexpired
–19
3041
Recoveries of prior year unpaid obligations, expired
–22
3050
Unpaid obligations, end of year
202
171
174
Memorandum (non-add) entries:
3100
Obligated balance, start of year
338
202
171
3200
Obligated balance, end of year
202
171
174
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
610
603
633
Outlays, gross:
4010
Outlays from new discretionary authority
498
401
418
4011
Outlays from discretionary balances
232
233
212
4020
Outlays, gross (total)
730
634
630
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Baseline Program [Text]
–345
–334
–339
4033
Baseline Program [Text]
–16
–12
–12
4040
Offsets against gross budget authority and outlays (total)
–361
–346
–351
4070
Budget authority, net (discretionary)
249
257
282
4080
Outlays, net (discretionary)
369
288
279
4180
Budget authority, net (total)
249
257
282
4190
Outlays, net (total)
369
288
279
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 2016 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, as well as activities related to implementation of the Digital Accountability
and Transparency Act.
The President is again asking Congress to revive an authority enabling him to submit fast-track proposals to reorganize or
consolidate Federal programs and agencies in order to reduce the size of Government or cut costs. The Budget includes a variety
of proposed reforms across government designed to drive efficiency and accountability, prevent duplication, and make government
work better and smarter for the American people. One of these reorganizations the President would propose with this authority
reiterates his previous proposal to consolidate Federal business and trade programs into one more efficient and effective
department dedicated to promoting U.S. competitiveness, exports, and American businesses and jobs. The proposal would integrate
the six Federal agencies that focus primarily on business and trade, along with other related programs. These include the
Department of Commerce's core business and trade functions, the Small Business Administration, the Office of the U.S. Trade
Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the U.S. Trade and Development Agency,
as well as rural business programs at the Department of Agriculture, Treasury's Community Development Financial Institution
Program, and statistical agencies at the Department of Labor and National Science Foundation. To strengthen the new department's
focus on business and economic growth, the National Oceanic and Atmospheric Administration would be consolidated into the
Department of Interior, strengthening stewardship and conservation efforts and enhancing scientific resources. The Budget
schedules for these agencies and programs continue to reflect them in their current alignment.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2014 actual
2015 est.
2016 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
204
207
210
11.3
Other than full-time permanent
4
5
6
11.5
Other personnel compensation
1
1
2
11.9
Total personnel compensation
209
213
218
12.1
Civilian personnel benefits
65
67
72
21.0
Travel and transportation of persons
4
4
4
23.1
Rental payments to GSA
35
42
45
23.3
Communications, utilities, and miscellaneous charges
7
8
8
24.0
Printing and reproduction
1
1
1
25.2
Other services from non-Federal sources
103
86
103
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
196
177
177
26.0
Supplies and materials
2
3
3
31.0
Equipment
1
1
1
41.0
Grants, subsidies, and contributions
4
99.0
Direct obligations
627
602
632
99.0
Reimbursable obligations
1
1
99.9
Total new obligations
627
603
633
Employment Summary
Identification code 073–0100–0–1–376
2014 actual
2015 est.
2016 est.
1001
Direct civilian full-time equivalent employment
3,104
3,109
3,125
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] $19,900,000. (Financial Services and General Government Appropriations Act, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0001
Audit
6
8
9
0002
Investigations
9
10
10
0003
Management policy
2
2
2
0004
General Office/Legal Counsel
1
1
1
0900
Total new obligations
18
21
22
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
7
7
6
Budget authority:
Appropriations, discretionary:
1100
Appropriation
19
19
20
1160
Appropriation, discretionary (total)
19
19
20
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)
20
20
21
1930
Total budgetary resources available
27
27
27
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
1941
Unexpired unobligated balance, end of year
7
6
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
2
2
3010
Obligations incurred, unexpired accounts
18
21
22
3020
Outlays (gross)
–18
–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
20
20
21
Outlays, gross:
4010
Outlays from new discretionary authority
17
18
19
4011
Outlays from discretionary balances
1
3
3
4020
Outlays, gross (total)
18
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)
19
19
20
4190
Outlays, net (total)
17
20
21
The 2016 Budget proposes $19.9 million in new budget authority and $1 million transferred from the Disaster Loans Program
account for a total of $20.9 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 073–0200–0–1–376
2014 actual
2015 est.
2016 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
10
11
11
11.5
Other personnel compensation
1
1
1
11.9
Total personnel compensation
11
12
12
12.1
Civilian personnel benefits
4
4
5
25.2
Other services
3
4
4
99.0
Direct obligations
18
20
21
99.0
Reimbursable obligations
1
1
99.9
Total new obligations
18
21
22
Employment Summary
Identification code 073–0200–0–1–376
2014 actual
2015 est.
2016 est.
1001
Direct civilian full-time equivalent employment
93
109
110
Office of Advocacy
For necessary expenses of the Office of Advocacy in carrying out the provisions of title II of Public Law 94–305 (15 U.S.C.
634a et seq.) and the Regulatory Flexibility Act of 1980 (5 U.S.C. 601 et seq.), $9,120,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0001
Office of Advocacy (Direct)
9
9
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
1
1
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
9
1160
Appropriation, discretionary (total)
9
9
9
1930
Total budgetary resources available
10
10
10
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
9
3020
Outlays (gross)
–9
–8
–8
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
9
Outlays, gross:
4010
Outlays from new discretionary authority
8
8
8
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
9
8
8
4180
Budget authority, net (total)
9
9
9
4190
Outlays, net (total)
9
8
8
The 2016 Budget proposes $9.120 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 the funding
authorization in Section 1602 (c) of the Small Business 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 073–0300–0–1–376
2014 actual
2015 est.
2016 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
6
6
6
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
9
Employment Summary
Identification code 073–0300–0–1–376
2014 actual
2015 est.
2016 est.
1001
Direct civilian full-time equivalent employment
46
46
46
Entrepreneurial Development Programs
For necessary expenses of programs supporting entrepreneurial and small business development, [$220,000,000] $206,250,000, to remain available until September 30, [2016]2017: Provided, That $115,000,000 shall be available to fund grants for performance in fiscal year [2015]2016 or fiscal year [2016]2017 as authorized by section 21 of the Small Business Act: Provided further, That [$22,300,000] $25,000,000 shall be 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 $17,400,000 shall be available for grants to States 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, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0001
Non-Credit Programs
192
220
206
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
4
Budget authority:
Appropriations, discretionary:
1100
Appropriation
196
220
206
1121
Appropriations transferred from other acct [073–0100]
1
1160
Appropriation, discretionary (total)
197
220
206
1930
Total budgetary resources available
197
224
210
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
4
4
4
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
137
170
3010
Obligations incurred, unexpired accounts
192
220
206
3020
Outlays (gross)
–55
–187
–169
3050
Unpaid obligations, end of year
137
170
207
Memorandum (non-add) entries:
3100
Obligated balance, start of year
137
170
3200
Obligated balance, end of year
137
170
207
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
197
220
206
Outlays, gross:
4010
Outlays from new discretionary authority
55
77
72
4011
Outlays from discretionary balances
110
97
4020
Outlays, gross (total)
55
187
169
4180
Budget authority, net (total)
197
220
206
4190
Outlays, net (total)
55
187
169
For 2016, this account supports SBA's core counseling, training and technical assistance programs, including Small Business
Development Centers, SCORE, Women's Business Centers and Microloan technical assistance, as well as various entrepreneurial
development initiatives. Some of the 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 other place-based initiatives, such as the
Regional Innovation Clusters and Growth Accelerator initiatives, as well as various outreach and contracting activities.
Object Classification (in millions of dollars)
Identification code 073–0400–0–1–376
2014 actual
2015 est.
2016 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
3
3
12.1
Civilian personnel benefits
1
1
1
25.2
Other services from non-Federal sources
16
16
16
41.0
Grants, subsidies, and contributions
173
200
186
99.9
Total new obligations
192
220
206
Employment Summary
Identification code 073–0400–0–1–376
2014 actual
2015 est.
2016 est.
1001
Direct civilian full-time equivalent employment
24
29
31
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0801
Reimbursable obligations
11
15
17
0900
Total new obligations
11
15
17
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
73
81
81
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
19
15
17
1750
Spending auth from offsetting collections, disc (total)
19
15
17
1900
Budget authority (total)
19
15
17
1930
Total budgetary resources available
92
96
98
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
81
81
81
Change in obligated balance:
Unpaid obligations:
3010
Obligations incurred, unexpired accounts
11
15
17
3020
Outlays (gross)
–11
–15
–17
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
19
15
17
Outlays, gross:
4010
Outlays from new discretionary authority
11
15
17
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–19
–15
–17
4190
Outlays, net (total)
–8
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 2016. Therefore,
no new appropriated funds are requested in the Budget.
Business loans program account
(including transfer of funds)
For the cost of direct loans, [$2,500,000] $3,338,172, 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), $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 [2015]2016 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 [2015]2016 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed [$18,750,000,000] $21,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2016 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: Provided further, That during fiscal year [2015]2016 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 [2015]2016, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount
of $12,000,000,000.
In addition, for administrative expenses to carry out the direct and guaranteed loan programs, [$147,726,000] $152,725,828, which may be transferred to and merged with the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
5
3
3
0702
Loan guarantee subsidy
74
45
0705
Reestimates of direct loan subsidy
1
0706
Interest on reestimates of direct loan subsidy
3
2
0707
Reestimates of loan guarantee subsidy
223
173
0708
Interest on reestimates of loan guarantee subsidy
79
49
0709
Administrative expenses
152
148
153
0900
Total new obligations
537
420
156
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
24
78
88
1001
Discretionary unobligated balance brought fwd, Oct 1
24
78
1021
Recoveries of prior year unpaid obligations
22
10
5
1050
Unobligated balance (total)
46
88
93
Budget authority:
Appropriations, discretionary:
1100
Appropriation
263
196
156
1160
Appropriation, discretionary (total)
263
196
156
Appropriations, mandatory:
1200
Appropriation
306
224
1260
Appropriations, mandatory (total)
306
224
1900
Budget authority (total)
569
420
156
1930
Total budgetary resources available
615
508
249
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
78
88
93
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
229
128
95
3010
Obligations incurred, unexpired accounts
537
420
156
3011
Obligations incurred, expired accounts
1
3020
Outlays (gross)
–609
–443
–210
3040
Recoveries of prior year unpaid obligations, unexpired
–22
–10
–5
3041
Recoveries of prior year unpaid obligations, expired
–8
3050
Unpaid obligations, end of year
128
95
36
Memorandum (non-add) entries:
3100
Obligated balance, start of year
229
128
95
3200
Obligated balance, end of year
128
95
36
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
263
196
156
Outlays, gross:
4010
Outlays from new discretionary authority
172
163
153
4011
Outlays from discretionary balances
131
56
57
4020
Outlays, gross (total)
303
219
210
Mandatory:
4090
Budget authority, gross
306
224
Outlays, gross:
4100
Outlays from new mandatory authority
306
224
4180
Budget authority, net (total)
569
420
156
4190
Outlays, net (total)
609
443
210
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2014 actual
2015 est.
2016 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
26
25
35
115999
Total direct loan levels
26
25
35
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
18.64
10.12
8.87
132999
Weighted average subsidy rate
18.64
10.12
8.87
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
5
3
3
133999
Total subsidy budget authority
5
3
3
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
6
4
3
134011
Intermediary Lending Program
2
134999
Total subsidy outlays
8
4
3
Direct loan reestimates:
135001
7(m) Direct Microloans
–15
–8
135007
SBIC Direct Preferred Stock and Fee Loans
–2
135010
7(m) Direct Microloans — ARRA
–5
–1
135011
Intermediary Lending Program
–2
135999
Total direct loan reestimates
–20
–13
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
17,875
18,750
21,000
215004
Section 504 Certified Development Companies Debentures
4,184
7,500
7,500
215006
SBIC Debentures
2,549
4,000
4,000
215010
Secondary Market Guarantee
5,394
12,000
12,000
215027
504 Commercial Real Estate (CRE) Refinance Program
7,500
215999
Total loan guarantee levels
30,002
42,250
52,000
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.01
0.00
0.00
232004
Section 504 Certified Development Companies Debentures
1.71
0.60
0.00
232006
SBIC Debentures
0.00
0.00
0.00
232010
Secondary Market Guarantee
0.00
0.00
0.00
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
0.00
232999
Weighted average subsidy rate
0.24
0.11
0.00
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
2
233004
Section 504 Certified Development Companies Debentures
72
45
233999
Total subsidy budget authority
74
45
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
76
1
1
234004
Section 504 Certified Development Companies Debentures
63
66
53
234018
Section 504 Certified Development Companies—ARRA
1
234026
Section 504 Certified Development Companies Debentures—ARRA Ext
1
234028
7(a) Business Loan Guarantees—ARRA Extension
2
234999
Total subsidy outlays
143
67
54
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–389
–467
235003
7(a) General Business Loan Guarantees—STAR
3
1
235004
Section 504 Certified Development Companies Debentures
–130
–716
235006
SBIC Debentures
31
–52
235007
SBIC Participating Securities
49
–97
235008
SBIC New Market Venture Capital
–1
7
235009
7(a) General Business—Delta
–1
235010
Secondary Market Guarantee
–14
94
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
–5
2
235016
ARC Loan Guarantees—ARRA
–21
–15
235017
7(a) General Business Loan Guarantees—ARRA
–24
5
235018
Section 504 Certified Development Companies—ARRA
–66
–94
235020
7(a) Dealer Floor Plan
–1
235021
7(a) Dealer Floor Plan—ARRA
–1
–1
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–76
–83
235027
504 Commercial Real Estate (CRE) Refinance Program
–1
–101
235028
7(a) Business Loan Guarantees—ARRA Extension
–113
–76
235999
Total guaranteed loan reestimates
–758
–1,595
Administrative expense data:
3510
Budget authority
152
148
153
3590
Outlays from new authority
152
148
153
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 2016, the Budget proposes $156.1 million in new budget authority for the Business Loans Program account. This includes
$152.7 million in administrative expenses funding and $3.3 million in credit subsidy for the direct Microloan Program. This
subsidy supports a $35 million program level for direct Microloans. The entirety of SBA's loan guarantee programs, such as
the 7(a), 504, and SBIC programs, will operate with no subsidy requirements in 2016.
The Budget supports $21.0 billion in Section 7(a) loan guarantees that provide general business credit assistance. The 2016
Budget continues to waive upfront and annual fees on all 7(a) loans of $150,000 or less to spur lending in this market. The
Budget also continues 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 2016, 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 2016. In addition, the 2016 Budget proposes
to reauthorize SBA's 504 Debt Refinancing program with a program level of $7.5 billion, which will help small businesses 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
at a program level of $4 billion.
Scale-Up Manufacturing Investment Funds (SUMIF) Legislative Proposal._The Budget proposes authorization of $1.25 billion in mandatory subsidy budget authority for the SUMIF lending program, which
would support innovative manufacturing technologies by financing their scale-up from prototypes to commercial-scale facilities
in the United States. The SUMIF is designed to generate $10 billion in investment activity over five years, using $5 billion
in Federal funds and a matching amount of private funds, to bridge the financing gap for small advanced manufacturing startups.
A placeholder subsidy rate of 25% has been assumed for purposes of this request, but actual subsidy costs associated with
each application for a Federal contribution to a fund would be determined on a fund-by-fund basis using actual fund financial
information. There are no subsidy outlays assumed in 2016. If authorized, outlays are anticipated to begin in 2017 and continue
through 2020.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2014 actual
2015 est.
2016 est.
Direct obligations:
25.2
Other services from non-Federal sources
152
148
153
41.0
Grants, subsidies, and contributions
385
272
3
99.9
Total new obligations
537
420
156
Business Loans Program Account
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 073–1154–4–1–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
Credit program obligations:
0702
Loan guarantee subsidy
1,257
0900
Total new obligations (object class 41.0)
1,257
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1,257
1260
Appropriations, mandatory (total)
1,257
1930
Total budgetary resources available
1,257
Change in obligated balance:
Unpaid obligations:
3010
Obligations incurred, unexpired accounts
1,257
3050
Unpaid obligations, end of year
1,257
Memorandum (non-add) entries:
3200
Obligated balance, end of year
1,257
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1,257
4180
Budget authority, net (total)
1,257
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–4–1–376
2014 actual
2015 est.
2016 est.
Guaranteed loan levels supportable by subsidy budget authority:
215031
Scale-Up Manufacturing Investment Funds (legislative proposal)
5,000
215999
Total loan guarantee levels
5,000
Guaranteed loan subsidy (in percent):
232031
Scale-Up Manufacturing Investment Funds (legislative proposal)
0.00
0.00
25.13
232999
Weighted average subsidy rate
0.00
0.00
0.00
Guaranteed loan subsidy budget authority:
233031
Scale-Up Manufacturing Investment Funds (legislative proposal)
1,257
233999
Total subsidy budget authority
1,257
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
26
25
35
0713
Payment of interest to Treasury
6
5
5
0715
Other
1
1
0742
Downward reestimate paid to receipt account
21
12
0743
Interest on downward reestimates
2
3
0900
Total new obligations
55
46
41
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
28
23
12
1021
Recoveries of prior year unpaid obligations
4
2
2
1023
Unobligated balances applied to repay debt
–32
–2
–2
1050
Unobligated balance (total)
23
12
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
44
31
31
1440
Borrowing authority, mandatory (total)
44
31
31
Spending authority from offsetting collections, mandatory:
1800
Collected
41
35
32
1801
Change in uncollected payments, Federal sources
–2
1825
Spending authority from offsetting collections applied to repay debt
–5
–31
–31
1850
Spending auth from offsetting collections, mand (total)
34
4
1
1900
Financing authority (total)
78
35
32
1930
Total budgetary resources available
78
58
44
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
23
12
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
55
42
51
3010
Obligations incurred, unexpired accounts
55
46
41
3020
Financing disbursements (gross)
–64
–35
–35
3040
Recoveries of prior year unpaid obligations, unexpired
–4
–2
–2
3050
Unpaid obligations, end of year
42
51
55
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–10
–8
–8
3070
Change in uncollected pymts, Fed sources, unexpired
2
3090
Uncollected pymts, Fed sources, end of year
–8
–8
–8
Memorandum (non-add) entries:
3100
Obligated balance, start of year
45
34
43
3200
Obligated balance, end of year
34
43
47
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
78
35
32
Financing disbursements:
4110
Financing disbursements, gross
64
35
35
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Payments from program account
–6
–4
–3
4120
Upward reestimate
–1
4120
Interest on reestimate
–3
–2
4122
Interest on uninvested funds
–3
–7
–7
4123
Repayments of principal, net
–28
–20
–20
4123
Other income
–2
–2
4130
Offsets against gross financing auth and disbursements (total)
–41
–35
–32
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
2
4160
Financing authority, net (mandatory)
39
4170
Financing disbursements, net (mandatory)
23
3
4180
Financing authority, net (total)
39
4190
Financing disbursements, net (total)
23
3
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2014 actual
2015 est.
2016 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
25
25
35
1121
Limitation available from carry-forward
1
1143
Unobligated limitation carried forward (P.L. xx) (-)
1150
Total direct loan obligations
26
25
35
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
164
167
164
1231
Disbursements: Direct loan disbursements
36
25
25
1251
Repayments: Repayments and prepayments
–27
–22
–22
1263
Write-offs for default: Write-offs for default
–6
–6
–5
1290
Outstanding, end of year
167
164
162
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2013 actual
2014 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
63
47
Investments in US securities:
1106
Receivables, net
1
1
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
164
167
1405
Allowance for subsidy cost (-)
–18
–10
1499
Net present value of assets related to direct loans
146
157
1999
Total assets
210
205
LIABILITIES:
2103
Federal liabilities: Debt
210
204
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
210
205
4999
Total liabilities and net position
210
205
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0005
Other Expenses
46
75
75
Credit program obligations:
0711
Default claim payments on principal
1,488
2,600
2,600
0712
Default claim payments on interest
109
20
20
0713
Payment of interest to Treasury
65
100
100
0742
Downward reestimate paid to receipt account
939
1,580
0743
Interest on downward reestimates
122
238
0791
Direct program activities, subtotal
2,723
4,538
2,720
0900
Total new obligations
2,769
4,613
2,795
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3,592
3,843
1,543
1023
Unobligated balances applied to repay debt
–104
1050
Unobligated balance (total)
3,488
3,843
1,543
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
490
1440
Borrowing authority, mandatory (total)
490
Spending authority from offsetting collections, mandatory:
1800
Collected
2,831
2,313
2,077
1801
Change in uncollected payments, Federal sources
–99
1825
Spending authority from offsetting collections applied to repay debt
–98
1850
Spending auth from offsetting collections, mand (total)
2,634
2,313
2,077
1900
Financing authority (total)
3,124
2,313
2,077
1930
Total budgetary resources available
6,612
6,156
3,620
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,843
1,543
825
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
39
45
2,059
3010
Obligations incurred, unexpired accounts
2,769
4,613
2,795
3020
Financing disbursements (gross)
–2,763
–2,599
–2,599
3050
Unpaid obligations, end of year
45
2,059
2,255
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–219
–120
–120
3070
Change in uncollected pymts, Fed sources, unexpired
99
3090
Uncollected pymts, Fed sources, end of year
–120
–120
–120
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–180
–75
1,939
3200
Obligated balance, end of year
–75
1,939
2,135
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
3,124
2,313
2,077
Financing disbursements:
4110
Financing disbursements, gross
2,763
2,599
2,599
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–145
–68
–54
4120
Upward reestimate
–223
–173
4120
Interest on reestimate
–79
–49
4122
Interest on uninvested funds
–91
–190
–190
4123
Fees
–2,293
–835
–835
4123
Principal
–998
–998
4130
Offsets against gross financing auth and disbursements (total)
–2,831
–2,313
–2,077
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
99
4160
Financing authority, net (mandatory)
392
4170
Financing disbursements, net (mandatory)
–68
286
522
4180
Financing authority, net (total)
392
4190
Financing disbursements, net (total)
–68
286
522
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2014 actual
2015 est.
2016 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
42,000
42,250
52,000
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–11,998
2150
Total guaranteed loan commitments
30,002
42,250
52,000
2199
Guaranteed amount of guaranteed loan commitments
19,786
33,744
41,244
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
93,094
99,005
104,339
2231
Disbursements of new guaranteed loans
22,454
23,699
29,048
2251
Repayments and prepayments
–14,671
–15,602
–16,586
Adjustments:
2261
Terminations for default that result in loans receivable
–1,727
–2,600
–1,633
2263
Terminations for default that result in claim payments
–129
–163
–163
2264
Other adjustments, net
–16
2290
Outstanding, end of year
99,005
104,339
115,005
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
83,499
88,761
97,983
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
8,117
7,343
7,117
2331
Disbursements for guaranteed loan claims
1,470
1,566
1,488
2351
Repayments of loans receivable
–913
–501
–527
2361
Write-offs of loans receivable
–1,389
–1,291
–1,247
2364
Other adjustments, net
58
2390
Outstanding, end of year
7,343
7,117
6,831
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2013 actual
2014 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
3,401
3,735
Investments in US securities:
1106
Receivables, net
323
164
1206
Non-Federal assets: Receivables, net
82
81
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
8,117
7,343
1504
Foreclosed property
40
35
1505
Allowance for subsidy cost (-)
–6,644
–6,164
1599
Net present value of assets related to defaulted guaranteed loans
1,513
1,214
1999
Total assets
5,319
5,194
LIABILITIES:
Federal liabilities:
2103
Debt
1,245
1,511
2105
Other
1,053
1,598
Non-Federal liabilities:
2201
Accounts payable
34
41
2204
Liabilities for loan guarantees
2,987
2,044
2999
Total liabilities
5,319
5,194
4999
Total liabilities and net position
5,319
5,194
Business Guaranteed Loan Financing Account
(Legislative proposal, subject to PAYGO)
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–4–3–376
2014 actual
2015 est.
2016 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
5,000
2121
Limitation available from carry-forward
2150
Total guaranteed loan commitments
5,000
2199
Guaranteed amount of guaranteed loan commitments
5,000
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
2231
Disbursements of new guaranteed loans
2251
Repayments and prepayments
2290
Outstanding, end of year
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
2331
Disbursements for guaranteed loan claims
2390
Outstanding, end of year
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2014 actual
2015 est.
2016 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
20
1022
Capital transfer of unobligated balances to general fund
–20
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
2
2
1260
Appropriations, mandatory (total)
1
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
8
6
6
1820
Capital transfer of spending authority from offsetting collections to general fund
–8
1850
Spending auth from offsetting collections, mand (total)
6
6
1900
Budget authority (total)
1
8
8
1930
Total budgetary resources available
1
8
8
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3010
Obligations incurred, unexpired accounts
1
8
8
3020
Outlays (gross)
–4
–8
–8
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
8
8
Outlays, gross:
4100
Outlays from new mandatory authority
8
8
4101
Outlays from mandatory balances
4
4110
Outlays, gross (total)
4
8
8
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–8
–6
–6
4180
Budget authority, net (total)
–7
2
2
4190
Outlays, net (total)
–4
2
2
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2014 actual
2015 est.
2016 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
11
8
5
1251
Repayments: Repayments and prepayments
–3
–1
–1
1263
Write-offs for default: Write-offs for default
–2
–2
1290
Outstanding, end of year
8
5
2
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2014 actual
2015 est.
2016 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
13
8
7
2251
Repayments and prepayments
–5
–1
–1
2290
Outstanding, end of year
8
7
6
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
7
3
3
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
10
9
8
2331
Disbursements for guaranteed loan claims
2
3
3
2351
Repayments of loans receivable
–4
–3
–3
2361
Write-offs of loans receivable
–1
–1
2364
Other adjustments, net
1
2390
Outstanding, end of year
9
8
7
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2013 actual
2014 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
23
1
1206
Non-Federal assets: Receivables, net
4
6
1601
Direct loans, gross
11
8
1603
Allowance for estimated uncollectible loans and interest (-)
–7
–8
1699
Value of assets related to direct loans
4
1701
Defaulted guaranteed loans, gross
10
9
1703
Allowance for estimated uncollectible loans and interest (-)
–10
–9
1799
Value of assets related to loan guarantees
1801
Other Federal assets: Cash and other monetary assets
4
1
1999
Total assets
35
8
LIABILITIES:
Federal liabilities:
2102
Interest payable
1
2104
Resources payable to Treasury
32
7
2201
Non-Federal liabilities: Accounts payable
3
2999
Total liabilities
35
8
4999
Total liabilities and net position
35
8
Object Classification (in millions of dollars)
Identification code 073–4154–0–3–376
2014 actual
2015 est.
2016 est.
Direct obligations:
33.0
Investments and loans
5
5
43.0
Interest and dividends
1
3
3
99.9
Total new obligations
1
8
8
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, $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 $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, $158,829,000 shall be for major disasters declared pursuant to the Robert
T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)); $151,179,014 is for direct administrative expenses
of loan making and servicing to carry out the direct loan program; and $7,649,986 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, 2015.)
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2014 actual
2015 est.
2016 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
26
137
133
0705
Reestimates of direct loan subsidy
35
20
0706
Interest on reestimates of direct loan subsidy
4
15
0709
Administrative expenses
192
187
187
0900
Total new obligations
257
359
320
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
730
738
621
1001
Discretionary unobligated balance brought fwd, Oct 1
730
738
1021
Recoveries of prior year unpaid obligations
35
20
20
1050
Unobligated balance (total)
765
758
641
Budget authority:
Appropriations, discretionary:
1100
Appropriation
192
32
28
1100
Appropriation-Discretionary, Disaster Relief pursuant to 2011 Budget Control Act, Appropriations Committee
155
159
1160
Appropriation, discretionary (total)
192
187
187
Appropriations, mandatory:
1200
Appropriation
38
35
1260
Appropriations, mandatory (total)
38
35
1900
Budget authority (total)
230
222
187
1930
Total budgetary resources available
995
980
828
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
738
621
508
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
67
15
4
3010
Obligations incurred, unexpired accounts
257
359
320
3020
Outlays (gross)
–274
–350
–304
3040
Recoveries of prior year unpaid obligations, unexpired
–35
–20
–20
3050
Unpaid obligations, end of year
15
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
67
15
4
3200
Obligated balance, end of year
15
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
192
187
187
Outlays, gross:
4010
Outlays from new discretionary authority
192
187
187
4011
Outlays from discretionary balances
44
128
117
4020
Outlays, gross (total)
236
315
304
Mandatory:
4090
Budget authority, gross
38
35
Outlays, gross:
4100
Outlays from new mandatory authority
38
35
4180
Budget authority, net (total)
230
222
187
4190
Outlays, net (total)
274
350
304
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2014 actual
2015 est.
2016 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
302
1,100
1,100
115999
Total direct loan levels
302
1,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
8.50
12.43
12.10
132999
Weighted average subsidy rate
8.50
12.43
12.10
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
26
137
133
133999
Total subsidy budget authority
26
137
133
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
44
53
88
134999
Total subsidy outlays
44
53
88
Direct loan reestimates:
135001
Disaster Assistance Loans
1
1
135002
Economic Injury Disaster Loans—Terrorist Attack
–3
1
135999
Total direct loan reestimates
–2
2
Administrative expense data:
3510
Budget authority
192
187
187
3590
Outlays from new authority
192
187
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 2016, 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 , as SBA has sufficient unobligated balances to support estimated 2016
loan approvals. However, the Budget does request $158.8 million in new budget authority 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 $28.0 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 073–1152–0–1–453
2014 actual
2015 est.
2016 est.
Direct obligations:
25.2
Other services from non-Federal sources
192
187
187
41.0
Grants, subsidies, and contributions
65
172
133
99.9
Total new obligations
257
359
320
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0003
Other
12
12
12
Credit program obligations:
0710
Direct loan obligations
302
1,100
1,100
0713
Payment of interest to Treasury
274
350
500
0742
Downward reestimate paid to receipt account
30
27
0743
Interest on downward reestimates
10
5
0791
Direct program activities, subtotal
616
1,482
1,600
0900
Total new obligations
628
1,494
1,612
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
517
485
250
1021
Recoveries of prior year unpaid obligations
313
150
99
1023
Unobligated balances applied to repay debt
–830
1050
Unobligated balance (total)
635
349
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
229
963
1,007
1440
Borrowing authority, mandatory (total)
229
963
1,007
Spending authority from offsetting collections, mandatory:
1800
Collected
1,052
1,046
1,046
1801
Change in uncollected payments, Federal sources
–52
1820
Capital transfer of spending authority from offsetting collections to general fund
–900
–500
1825
Spending authority from offsetting collections applied to repay debt
–116
1850
Spending auth from offsetting collections, mand (total)
884
146
546
1900
Financing authority (total)
1,113
1,109
1,553
1930
Total budgetary resources available
1,113
1,744
1,902
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
485
250
290
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
608
158
32
3010
Obligations incurred, unexpired accounts
628
1,494
1,612
3020
Financing disbursements (gross)
–765
–1,470
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–313
–150
–99
3050
Unpaid obligations, end of year
158
32
32
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–68
–16
–16
3070
Change in uncollected pymts, Fed sources, unexpired
52
3090
Uncollected pymts, Fed sources, end of year
–16
–16
–16
Memorandum (non-add) entries:
3100
Obligated balance, start of year
540
142
16
3200
Obligated balance, end of year
142
16
16
Financing authority and disbursements, net:
Mandatory:
4090
Financing authority, gross
1,113
1,109
1,553
Financing disbursements:
4110
Financing disbursements, gross
765
1,470
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–45
–53
–88
4120
Upward reestimate
–35
–20
4120
Interest on upward reestimate
–3
–15
4122
Interest income from Treasury
–45
–230
–230
4123
Repayments of principal, net
–924
–728
–728
4130
Offsets against gross financing auth and disbursements (total)
–1,052
–1,046
–1,046
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
52
4160
Financing authority, net (mandatory)
113
63
507
4170
Financing disbursements, net (mandatory)
–287
424
467
4180
Financing authority, net (total)
113
63
507
4190
Financing disbursements, net (total)
–287
424
467
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2014 actual
2015 est.
2016 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
4,188
5,937
4,188
1143
Unobligated limitation carried forward (P.L. xx) (-)
–3,886
–4,837
–3,088
1150
Total direct loan obligations
302
1,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
7,206
6,794
6,741
1231
Disbursements: Direct loan disbursements
439
705
1,041
1251
Repayments: Repayments and prepayments
–657
–567
–571
Write-offs for default:
1263
Direct loans
–203
–191
–190
1264
Other adjustments, net (+ or -)
9
1290
Outstanding, end of year
6,794
6,741
7,021
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2013 actual
2014 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
836
515
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
7,206
6,794
1405
Allowance for subsidy cost (-)
–1,344
–1,227
1499
Net present value of assets related to direct loans
5,862
5,567
1999
Total assets
6,698
6,082
LIABILITIES:
Federal liabilities:
2103
Debt
6,696
6,080
2105
Other
2
2
2999
Total liabilities
6,698
6,082
4999
Total liabilities and net position
6,698
6,082
Disaster Loans Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4293–0–3–453
2014 actual
2015 est.
2016 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
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4293–0–3–453
2014 actual
2015 est.
2016 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
–75
–57
2150
Total guaranteed loan commitments
2199
Guaranteed amount of guaranteed loan commitments
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
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2014 actual
2015 est.
2016 est.
Obligations by program activity:
0101
Interest expense to Treasury
4
4
0103
Other Expenses
1
1
0900
Total new obligations (object class 25.2)
5
5
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
1022
Capital transfer of unobligated balances to general fund
–4
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
2
1260
Appropriations, mandatory (total)
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
2
3
3
1820
Capital transfer of spending authority from offsetting collections to general fund
–2
1850
Spending auth from offsetting collections, mand (total)
3
3
1900
Budget authority (total)
5
5
1930
Total budgetary resources available
5
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
5
3010
Obligations incurred, unexpired accounts
5
5
3050
Unpaid obligations, end of year
5
10
Memorandum (non-add) entries:
3100
Obligated balance, start of year
5
3200
Obligated balance, end of year
5
10
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
5
5
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–2
–3
–3
4180
Budget authority, net (total)
–2
2
2
4190
Outlays, net (total)
–2
–3
–3
Status of Direct Loans (in millions of dollars)
Identification code 073–4153–0–3–453
2014 actual
2015 est.
2016 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
5
4
2
1251
Repayments: Repayments and prepayments
–1
–2
–2
1290
Outstanding, end of year
4
2
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2013 actual
2014 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
4
1601
Direct loans, net
5
4
1603
Allowance for estimated uncollectible loans and interest (-)
–1
–1
1699
Value of assets related to direct loans
4
3
1999
Total assets
8
3
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
8
3
4999
Total liabilities and net position
8
3
Pollution Control Equipment Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4147–0–3–376
2014 actual
2015 est.
2016 est.
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
1022
Capital transfer of unobligated balances to general fund
–1
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
1
1239
Appropriations substituted for borrowing authority
–1
–1
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4147–0–3–376
2014 actual
2015 est.
2016 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
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 073–4147–0–3–376
2013 actual
2014 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1
1999
Total assets
1
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
1
4999
Total liabilities and net position
1
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2014 actual
2015 est.
2016 est.
Offsetting receipts from the public:
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
1
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
40
33
073–272230
Business Loan Program, Downward Reestimates of Subsidies
1,084
1,833
General Fund Offsetting receipts from the public
1,125
1,866
ADMINISTRATIVE PROVISIONS
Administrative Provisions—Small Business Administration
'
(including transfer of funds)
SEC. 520. 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. 521. (a) None of the funds made available under this Act may be used to collect a guarantee fee under section 7(a)(18) of the Small
Business Act (15 U.S.C. 636(a)(18)) with respect to a loan guaranteed under section 7(a)(31) of such Act that is made to a
small business concern (as defined under section 3 of such Act (15 U.S.C. 632)) that is 51 percent or more owned and controlled
by 1 or more individuals who is a veteran (as defined in section 101 of title 38, United States Code) or the spouse of a veteran.
(b) Nothing in this section shall be construed to limit the authority of the Administrator of the Small Business Administration
to waive such a guarantee fee or any other loan fee with respect to a loan to a small business concern described in subsection
(a) or any other borrower.