[Appendix]
[Detailed Budget Estimates by Agency]
[Small Business Administration]
[From the U.S. Government Publishing Office, www.gpo.gov]
<h1>SMALL BUSINESS ADMINISTRATION
</h1>
SMALL BUSINESS ADMINISTRATION
Federal Funds
Salaries and Expenses
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, [$268,000,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight
activities] $275,033,000: 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 [2016] 2017: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
[2017: Provided further, That $3,000,000 shall be for the Federal and State Technology Partnership Program under section 34 of the Small Business
Act (15 U.S.C. 657d)] 2018. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0001
Executive direction
71
76
77
0002
Capital Access
76
82
82
0003
Gov. Contracting/ Bus. Development
26
28
28
0004
Entrepreneurial Development
10
9
12
0005
Chief Operating Office
25
26
27
0006
Office of Chief Information Officer
50
37
37
0007
Regional & district offices
96
105
106
0008
Agency wide costs
49
61
64
0009
Non credit programs
2
3
2
0012
Disaster
182
177
176
0013
Investment & Innovation
16
16
16
0014
International Trade
6
7
6
0900
Total new obligations
609
627
633
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
236
248
247
1021
Recoveries of prior year unpaid obligations
9
1050
Unobligated balance (total)
245
248
247
Budget authority:
Appropriations, discretionary:
1100
Appropriation
257
268
275
1120
Appropriations transferred to other accts [073–0400]
–1
1160
Appropriation, discretionary (total)
256
268
275
Spending authority from offsetting collections, discretionary:
1700
Collected
186
186
186
1700
Collected
171
172
172
1750
Spending auth from offsetting collections, disc (total)
357
358
358
1900
Budget authority (total)
613
626
633
1930
Total budgetary resources available
858
874
880
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
248
247
247
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
202
175
175
3010
Obligations incurred, unexpired accounts
609
627
633
3011
Obligations incurred, expired accounts
6
3020
Outlays (gross)
–617
–627
–628
3040
Recoveries of prior year unpaid obligations, unexpired
–9
3041
Recoveries of prior year unpaid obligations, expired
–16
3050
Unpaid obligations, end of year
175
175
180
Memorandum (non-add) entries:
3100
Obligated balance, start of year
202
175
175
3200
Obligated balance, end of year
175
175
180
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
613
626
633
Outlays, gross:
4010
Outlays from new discretionary authority
496
415
419
4011
Outlays from discretionary balances
121
212
209
4020
Outlays, gross (total)
617
627
628
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–340
–339
–339
4033
Non-Federal sources
–19
–19
–19
4040
Offsets against gross budget authority and outlays (total)
–359
–358
–358
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
2
4070
Budget authority, net (discretionary)
256
268
275
4080
Outlays, net (discretionary)
258
269
270
4180
Budget authority, net (total)
256
268
275
4190
Outlays, net (total)
258
269
270
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 transferred to and merged with this account. The 2017 Budget provides $6.1
million in funding for the continued modernization of the loan management accounting systems, 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. The Budget also supports an SBA Digital Services
team to assist with modernization of SBA's technology systems that support small businesses, including those supporting the
Government Contracting programs.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2015 actual
2016 est.
2017 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
191
212
215
11.3
Other than full-time permanent
4
6
6
11.5
Other personnel compensation
3
3
11.9
Total personnel compensation
195
221
224
12.1
Civilian personnel benefits
61
68
69
21.0
Travel and transportation of persons
4
5
5
23.1
Rental payments to GSA
35
45
47
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
117
96
97
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
182
177
176
26.0
Supplies and materials
3
2
2
31.0
Equipment
2
1
2
41.0
Grants, subsidies, and contributions
2
3
2
99.0
Direct obligations
609
627
633
99.9
Total new obligations
609
627
633
Employment Summary
Identification code 073–0100–0–1–376
2015 actual
2016 est.
2017 est.
1001
Direct civilian full-time equivalent employment
2,935
3,125
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,
$19,900,000. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0001
Audit
8
8
8
0002
Investigations
9
11
11
0003
Management and Administration
1
1
1
0004
General Office
2
2
2
0900
Total new obligations
20
22
22
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
7
7
6
Budget authority:
Appropriations, discretionary:
1100
Appropriation
19
20
20
Spending authority from offsetting collections, discretionary:
1700
Collected
1
1
1
1900
Budget authority (total)
20
21
21
1930
Total budgetary resources available
27
28
27
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
7
6
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
3
4
3010
Obligations incurred, unexpired accounts
20
22
22
3020
Outlays (gross)
–19
–21
–21
3050
Unpaid obligations, end of year
3
4
5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
3
4
3200
Obligated balance, end of year
3
4
5
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
20
21
21
Outlays, gross:
4010
Outlays from new discretionary authority
17
19
19
4011
Outlays from discretionary balances
2
2
2
4020
Outlays, gross (total)
19
21
21
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–1
–1
4180
Budget authority, net (total)
19
20
20
4190
Outlays, net (total)
18
20
20
The 2017 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
2015 actual
2016 est.
2017 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
5
5
25.2
Other services
4
4
4
99.0
Direct obligations
20
22
22
99.9
Total new obligations
20
22
22
Employment Summary
Identification code 073–0200–0–1–376
2015 actual
2016 est.
2017 est.
1001
Direct civilian full-time equivalent employment
103
110
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] $9,320,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2015 actual
2016 est.
2017 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
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 2017 Budget proposes $9.320 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
2015 actual
2016 est.
2017 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
2015 actual
2016 est.
2017 est.
1001
Direct civilian full-time equivalent employment
46
46
46
Entrepreneurial Development Program
For necessary expenses of programs supporting entrepreneurial and small business development, [$231,100,000] $230,600,000, to remain available until September 30, [2017] 2018: Provided, That [$117,000,000] $115,000,000 shall be available to fund grants for performance in fiscal year [2016] 2017 or fiscal year [2017] 2018 as authorized by section 21 of the Small Business Act: Provided further, That [$25,000,000] $31,000,000 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 [$18,000,000]$15,000,000 [shall be] is available for [grants to States to carry out export programs that assist small business concerns authorized under section 1207 of Public
Law 111–240] the State Trade and Export Promotion Grant Program, unless the State Trade Expansion Program is enacted, in which event such
amount shall be available for the State Trade Expansion Program. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0001
Non-Credit Programs
217
239
231
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
8
1021
Recoveries of prior year unpaid obligations
2
1050
Unobligated balance (total)
6
8
Budget authority:
Appropriations, discretionary:
1100
Appropriation
220
231
231
1121
Appropriations transferred from other acct [073–0100]
1
1160
Appropriation, discretionary (total)
221
231
231
1930
Total budgetary resources available
227
239
231
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
1941
Unexpired unobligated balance, end of year
8
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
137
184
233
3010
Obligations incurred, unexpired accounts
217
239
231
3020
Outlays (gross)
–167
–190
–184
3040
Recoveries of prior year unpaid obligations, unexpired
–2
3041
Recoveries of prior year unpaid obligations, expired
–1
3050
Unpaid obligations, end of year
184
233
280
Memorandum (non-add) entries:
3100
Obligated balance, start of year
137
184
233
3200
Obligated balance, end of year
184
233
280
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
221
231
231
Outlays, gross:
4010
Outlays from new discretionary authority
55
81
81
4011
Outlays from discretionary balances
112
109
103
4020
Outlays, gross (total)
167
190
184
4180
Budget authority, net (total)
221
231
231
4190
Outlays, net (total)
167
190
184
For 2017, this account supports SBA's core counseling, training and technical assistance programs, including Small Business
Development Centers, SCORE, Women's Business Centers, Veterans' Business Outreach Centers, and Microloan technical assistance,
as well as various entrepreneurial development initiatives. Some of the initiatives include Entrepreneurial Education, a program
designed to train and develop small business owners who are poised for growth; the State Trade and Export Promotion (STEP)
program, which helps small businesses tap global markets and expand exports; and Veterans Outreach programs like 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, Growth Accelerator and Hubzone initiatives,
as well as other outreach and contracting activities.
Object Classification (in millions of dollars)
Identification code 073–0400–0–1–376
2015 actual
2016 est.
2017 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
2
2
12.1
Civilian personnel benefits
1
1
1
25.2
Other services from non-Federal sources
21
21
21
41.0
Grants, subsidies, and contributions
193
215
207
99.9
Total new obligations
217
239
231
Employment Summary
Identification code 073–0400–0–1–376
2015 actual
2016 est.
2017 est.
1001
Direct civilian full-time equivalent employment
22
31
31
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0801
Reimbursable obligations
14
17
17
0900
Total new obligations (object class 42.0)
14
17
17
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
81
85
85
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
18
17
17
1930
Total budgetary resources available
99
102
102
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
85
85
85
Change in obligated balance:
Unpaid obligations:
3010
Obligations incurred, unexpired accounts
14
17
17
3020
Outlays (gross)
–14
–17
–17
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
18
17
17
Outlays, gross:
4010
Outlays from new discretionary authority
14
17
17
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–18
–17
–17
4180
Budget authority, net (total)
4190
Outlays, net (total)
–4
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 2017. Therefore,
no new appropriated funds are requested in the Budget.
Business loans program account
(including transfer of funds)
For the cost of direct loans, [$3,338,172] $4,338,000, 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 [2016] 2017 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 [2016] 2017 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed [$26,500,000,000] $27,000,000,000 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] 2017 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 [2016] 2017 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 [2016] 2017, 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, [$152,725,828] $152,726,000, which may be transferred to and merged with the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
3
3
4
0702
Loan guarantee subsidy
26
0705
Reestimates of direct loan subsidy
6
0706
Interest on reestimates of direct loan subsidy
2
2
0707
Reestimates of loan guarantee subsidy
173
205
0708
Interest on reestimates of loan guarantee subsidy
49
50
0709
Administrative expenses
148
153
153
0900
Total new obligations
401
419
157
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
79
107
112
1001
Discretionary unobligated balance brought fwd, Oct 1
79
107
1020
Adjustment of unobligated bal brought forward, Oct 1
–1
1021
Recoveries of prior year unpaid obligations
11
5
5
1050
Unobligated balance (total)
89
112
117
Budget authority:
Appropriations, discretionary:
1100
Appropriation
195
156
157
1131
Unobligated balance of appropriations permanently reduced
–55
1160
Appropriation, discretionary (total)
195
156
102
Appropriations, mandatory:
1200
Appropriation
224
263
1900
Budget authority (total)
419
419
102
1930
Total budgetary resources available
508
531
219
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
107
112
62
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
128
82
18
3001
Adjustments to unpaid obligations, brought forward, Oct 1
1
3010
Obligations incurred, unexpired accounts
401
419
157
3020
Outlays (gross)
–431
–478
–162
3040
Recoveries of prior year unpaid obligations, unexpired
–11
–5
–5
3041
Recoveries of prior year unpaid obligations, expired
–6
3050
Unpaid obligations, end of year
82
18
8
Memorandum (non-add) entries:
3100
Obligated balance, start of year
129
82
18
3200
Obligated balance, end of year
82
18
8
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
195
156
102
Outlays, gross:
4010
Outlays from new discretionary authority
155
153
99
4011
Outlays from discretionary balances
52
62
63
4020
Outlays, gross (total)
207
215
162
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–1
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
1
4070
Budget authority, net (discretionary)
195
156
102
4080
Outlays, net (discretionary)
206
215
162
Mandatory:
4090
Budget authority, gross
224
263
Outlays, gross:
4100
Outlays from new mandatory authority
224
263
4180
Budget authority, net (total)
419
419
102
4190
Outlays, net (total)
430
478
162
Summary of Budget Authority and Outlays (in millions of dollars)
2015 actual
2016 est.
2017 est.
Enacted/requested:
Budget Authority
419
419
102
Outlays
430
478
162
Legislative proposal, subject to PAYGO:
Budget Authority
1,250
Total:
Budget Authority
419
419
1,352
Outlays
430
478
162
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2015 actual
2016 est.
2017 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
34
35
44
115999
Total direct loan levels
34
35
44
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
10.12
8.87
9.08
132999
Weighted average subsidy rate
10.12
8.87
9.08
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
3
3
4
133999
Total subsidy budget authority
3
3
4
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
4
3
3
134999
Total subsidy outlays
4
3
3
Direct loan reestimates:
135001
7(m) Direct Microloans
–8
3
135007
SBIC Direct Preferred Stock and Fee Loans
–2
135010
7(m) Direct Microloans — ARRA
–1
2
135011
Intermediary Lending Program
–2
–1
135999
Total direct loan reestimates
–13
4
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
21,860
26,500
27,000
215004
Section 504 Certified Development Companies Debentures
4,306
7,500
7,500
215006
SBIC Debentures
2,553
4,000
4,000
215010
Secondary Market Guarantee
6,237
12,000
12,000
215027
504 Commercial Real Estate (CRE) Refinance Program
7,500
7,500
215999
Total loan guarantee levels
34,956
57,500
58,000
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.00
0.00
0.00
232004
Section 504 Certified Development Companies Debentures
0.60
0.00
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
0.07
0.00
0.00
Guaranteed loan subsidy budget authority:
233004
Section 504 Certified Development Companies Debentures
26
233999
Total subsidy budget authority
26
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
7
234004
Section 504 Certified Development Companies Debentures
48
59
6
234999
Total subsidy outlays
55
59
6
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–467
–165
235003
7(a) General Business Loan Guarantees—STAR
1
235004
Section 504 Certified Development Companies Debentures
–716
–722
235006
SBIC Debentures
–52
–155
235007
SBIC Participating Securities
–97
–77
235008
SBIC New Market Venture Capital
7
8
235009
7(a) General Business—Delta
–1
235010
Secondary Market Guarantee
94
–17
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
2
–7
235016
ARC Loan Guarantees—ARRA
–15
–9
235017
7(a) General Business Loan Guarantees—ARRA
5
34
235018
Section 504 Certified Development Companies—ARRA
–94
–60
235020
7(a) Dealer Floor Plan
–1
235021
7(a) Dealer Floor Plan—ARRA
–1
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–83
–54
235027
504 Commercial Real Estate (CRE) Refinance Program
–101
–62
235028
7(a) Business Loan Guarantees—ARRA Extension
–76
18
235999
Total guaranteed loan reestimates
–1,595
–1,268
Administrative expense data:
3510
Budget authority
148
153
153
3590
Outlays from new authority
148
153
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 2017, the Budget proposes $157.1 million in new budget authority for the Business Loans Program account. This includes
$152.7 million in administrative expenses funding and $4.3 million in credit subsidy for the direct Microloan Program. This
subsidy supports a $44.4 million program level for direct Microloans. The majority of SBA's loan guarantee programs, such
as the 7(a), 504, 504 Debt Refinancing and SBIC programs, will operate with no subsidy requirements in 2017. The Budget also
proposes a $55 million cancellation of prior year unobligated balances appropriated for business loan subsidy for the 504
CDC program that is now zero subsidy.
The Budget supports a program level of $27.0 billion in Section 7(a) loan guarantees that provide general business credit
assistance. To address unanticipated spikes in lending, Section 521 of the SBA general provisions proposes administrative
flexibility to increase the 7(a) program level by 15 percent if the program demand were to exhaust the appropriated limit,
with notification to the Appropriations and Small Business committees. The 2017 Budget continues to waive upfront 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 between $150,000 and $500,000. In addition, the Secondary Market Guarantee (SMG) Program allows SBA's fiscal agent
to 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 2017, 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; the requested guaranteed loan program level is $7.5 billion in 2017. The guaranteed loan program authorized by
Section 502 of the Small Business Investment Act of 1958 is for refinancing existing commercial mortgage and equipment debt.
The requested program level for those guaranteed loans is $7.5 billion in 2017. 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 Company (SUMIC) Legislative Proposal.—The Budget proposes authorization of $1.25 billion in mandatory subsidy budget authority for the SUMIC lending program,
which would support innovative manufacturing technologies by financing their scale-up from prototypes to commercial-scale
facilities in the United States. The SUMIC 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 2017. If authorized, outlays are anticipated to begin in 2018 and continue
through 2021.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2015 actual
2016 est.
2017 est.
Direct obligations:
25.2
Other services from non-Federal sources
148
153
153
41.0
Grants, subsidies, and contributions
253
266
4
99.9
Total new obligations
401
419
157
Business Loans Program Account
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 073–1154–4–1–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
Credit program obligations:
0702
Loan guarantee subsidy
1,250
0900
Total new obligations (object class 41.0)
1,250
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1,250
1930
Total budgetary resources available
1,250
Change in obligated balance:
Unpaid obligations:
3010
Obligations incurred, unexpired accounts
1,250
3050
Unpaid obligations, end of year
1,250
Memorandum (non-add) entries:
3200
Obligated balance, end of year
1,250
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1,250
4180
Budget authority, net (total)
1,250
4190
Outlays, net (total)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–4–1–376
2015 actual
2016 est.
2017 est.
Guaranteed loan levels supportable by subsidy budget authority:
215031
Scale-Up Manufacturing Investment Company (legislative proposal)
5,000
215999
Total loan guarantee levels
5,000
Guaranteed loan subsidy (in percent):
232031
Scale-Up Manufacturing Investment Company (legislative proposal)
0.00
0.00
25.00
232999
Weighted average subsidy rate
0.00
0.00
0.00
Guaranteed loan subsidy budget authority:
233031
Scale-Up Manufacturing Investment Company (legislative proposal)
1,250
233999
Total subsidy budget authority
1,250
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
34
35
44
0713
Payment of interest to Treasury
6
5
5
0742
Downward reestimate paid to receipt account
12
2
0743
Interest on downward reestimates
3
0900
Total new obligations
55
42
49
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
23
18
10
1020
Adjustment of unobligated bal brought forward, Oct 1
–3
1021
Recoveries of prior year unpaid obligations
7
2
2
1023
Unobligated balances applied to repay debt
–1
–2
–2
1050
Unobligated balance (total)
26
18
10
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
47
34
40
Spending authority from offsetting collections, mandatory:
1800
Collected
35
41
34
1801
Change in uncollected payments, Federal sources
–2
1825
Spending authority from offsetting collections applied to repay debt
–33
–41
–34
1900
Budget authority (total)
47
34
40
1930
Total budgetary resources available
73
52
50
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
18
10
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
41
45
48
3001
Adjustments to unpaid obligations, brought forward, Oct 1
3
3010
Obligations incurred, unexpired accounts
55
42
49
3020
Outlays (gross)
–47
–37
–40
3040
Recoveries of prior year unpaid obligations, unexpired
–7
–2
–2
3050
Unpaid obligations, end of year
45
48
55
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–7
–5
–5
3070
Change in uncollected pymts, Fed sources, unexpired
2
3090
Uncollected pymts, Fed sources, end of year
–5
–5
–5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
37
40
43
3200
Obligated balance, end of year
40
43
50
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
47
34
40
Financing disbursements:
4110
Outlays, gross (total)
47
37
40
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Payments from program account
–6
–3
–3
4120
Upward reestimate
–6
4120
Interest on reestimate
–2
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–27
–26
–27
4123
Other income
–2
–2
4130
Offsets against gross budget authority and outlays (total)
–35
–41
–34
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
2
4160
Budget authority, net (mandatory)
14
–7
6
4170
Outlays, net (mandatory)
12
–4
6
4180
Budget authority, net (total)
14
–7
6
4190
Outlays, net (total)
12
–4
6
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2015 actual
2016 est.
2017 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
34
35
44
1150
Total direct loan obligations
34
35
44
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
167
168
171
1231
Disbursements: Direct loan disbursements
26
30
35
1251
Repayments: Repayments and prepayments
–25
–27
–28
1290
Outstanding, end of year
168
171
178
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2014 actual
2015 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
47
53
Investments in US securities:
1106
Receivables, net
1
6
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
167
168
1405
Allowance for subsidy cost (-)
–10
–11
1499
Net present value of assets related to direct loans
157
157
1999
Total assets
205
216
LIABILITIES:
Federal liabilities:
2103
Debt
204
213
2104
Resources payable to Treasury (Downward Reestimate)
3
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
205
216
4999
Total liabilities and net position
205
216
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0005
Other Expenses
51
75
75
Credit program obligations:
0711
Default claim payments on principal
1,122
1,550
1,631
0712
Default claim payments on interest
98
135
142
0713
Payment of interest to Treasury
60
80
80
0742
Downward reestimate paid to receipt account
1,580
1,273
0743
Interest on downward reestimates
238
252
0791
Direct program activities, subtotal
3,098
3,290
1,853
0900
Total new obligations
3,149
3,365
1,928
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3,843
3,402
1,975
1050
Unobligated balance (total)
3,843
3,402
1,975
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
197
Spending authority from offsetting collections, mandatory:
1800
Collected
2,684
1,938
1,843
1801
Change in uncollected payments, Federal sources
–45
1825
Spending authority from offsetting collections applied to repay debt
–128
1850
Spending auth from offsetting collections, mand (total)
2,511
1,938
1,843
1900
Budget authority (total)
2,708
1,938
1,843
1930
Total budgetary resources available
6,551
5,340
3,818
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,402
1,975
1,890
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
46
39
114
3010
Obligations incurred, unexpired accounts
3,149
3,365
1,928
3020
Outlays (gross)
–3,156
–3,290
–1,853
3050
Unpaid obligations, end of year
39
114
189
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–120
–75
–75
3070
Change in uncollected pymts, Fed sources, unexpired
45
3090
Uncollected pymts, Fed sources, end of year
–75
–75
–75
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–74
–36
39
3200
Obligated balance, end of year
–36
39
114
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2,708
1,938
1,843
Financing disbursements:
4110
Outlays, gross (total)
3,156
3,290
1,853
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–277
–59
–6
4120
Upward reestimate
–205
4120
Interest on reestimate
–50
4122
Interest on uninvested funds
–70
–70
–70
4123
Fees
–1,232
–1,230
–1,418
4123
Principal
–957
–324
–349
4123
Interest
–84
4123
Sale of Foreclosed Property
–27
4123
Other
–37
4130
Offsets against gross budget authority and outlays (total)
–2,684
–1,938
–1,843
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
45
4160
Budget authority, net (mandatory)
69
4170
Outlays, net (mandatory)
472
1,352
10
4180
Budget authority, net (total)
69
4190
Outlays, net (total)
472
1,352
10
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2015 actual
2016 est.
2017 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
47,000
57,500
58,000
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–12,044
2150
Total guaranteed loan commitments
34,956
57,500
58,000
2199
Guaranteed amount of guaranteed loan commitments
29,087
50,427
50,794
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
99,005
105,658
117,954
2231
Disbursements of new guaranteed loans
24,934
31,886
40,193
2251
Repayments and prepayments
–16,778
–17,905
–19,989
Adjustments:
2261
Terminations for default that result in loans receivable
–1,358
–1,514
–1,593
2263
Terminations for default that result in claim payments
–138
–171
–180
2264
Other adjustments, net
–7
2290
Outstanding, end of year
105,658
117,954
136,385
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
88,335
98,614
114,024
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
7,343
5,793
5,113
2331
Disbursements for guaranteed loan claims
1,131
1,409
1,482
2351
Repayments of loans receivable
–831
–430
–479
2361
Write-offs of loans receivable
–1,952
–1,659
–1,519
2364
Other adjustments, net
102
2390
Outstanding, end of year
5,793
5,113
4,597
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2014 actual
2015 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
3,735
3,254
Investments in US securities:
1106
Receivables, net
164
248
1206
Non-Federal assets: Receivables, net
81
96
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
7,343
5,793
1504
Foreclosed property
35
23
1505
Allowance for subsidy cost (-)
–6,164
–4,745
1599
Net present value of assets related to defaulted guaranteed loans
1,214
1,071
1999
Total assets
5,194
4,669
LIABILITIES:
Federal liabilities:
2103
Debt
1,511
1,501
2105
Other
1,598
1,475
Non-Federal liabilities:
2201
Accounts payable
41
32
2204
Liabilities for loan guarantees
2,044
1,661
2999
Total liabilities
5,194
4,669
4999
Total liabilities and net position
5,194
4,669
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
2015 actual
2016 est.
2017 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
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0005
Guaranteed loan default claims
3
3
0006
Interest to UST
1
1
1
0007
Other Expenses
1
1
0600
Direct program activities, subtotal
1
5
5
0900
Total new obligations
1
5
5
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
8
3
3
1820
Capital transfer of spending authority from offsetting collections to general fund
–8
1850
Spending auth from offsetting collections, mand (total)
3
3
1900
Budget authority (total)
1
5
5
1930
Total budgetary resources available
1
5
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
1
3010
Obligations incurred, unexpired accounts
1
5
5
3020
Outlays (gross)
–1
–5
–5
3050
Unpaid obligations, end of year
1
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
1
3200
Obligated balance, end of year
1
1
1
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
5
5
Outlays, gross:
4100
Outlays from new mandatory authority
5
5
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
1
5
5
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–8
–3
–3
4180
Budget authority, net (total)
–7
2
2
4190
Outlays, net (total)
–7
2
2
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2015 actual
2016 est.
2017 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
8
8
5
1251
Repayments: Repayments and prepayments
–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
2015 actual
2016 est.
2017 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
8
4
3
2251
Repayments and prepayments
–4
–1
–1
2290
Outstanding, end of year
4
3
2
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
3
3
2
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
9
12
11
2331
Disbursements for guaranteed loan claims
3
3
2351
Repayments of loans receivable
–1
–3
–3
2361
Write-offs of loans receivable
–2
–1
–1
2364
Other adjustments, net
6
2390
Outstanding, end of year
12
11
10
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2014 actual
2015 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1
1
1206
Non-Federal assets: Receivables, net
6
1601
Direct loans, gross
8
8
1603
Allowance for estimated uncollectible loans and interest (-)
–8
–4
1699
Value of assets related to direct loans
4
1701
Defaulted guaranteed loans, gross
9
12
1703
Allowance for estimated uncollectible loans and interest (-)
–9
–6
1799
Value of assets related to loan guarantees
6
1801
Other Federal assets: Cash and other monetary assets
1
1
1999
Total assets
8
12
LIABILITIES:
Federal liabilities:
2102
Interest payable
1
1
2104
Resources payable to Treasury
7
11
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
8
12
4999
Total liabilities and net position
8
12
Object Classification (in millions of dollars)
Identification code 073–4154–0–3–376
2015 actual
2016 est.
2017 est.
Direct obligations:
33.0
Investments and loans
4
4
43.0
Interest and dividends
1
1
1
99.9
Total new obligations
1
5
5
Disaster loans program account
(including transfers of funds)
For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, [$186,858,000] $185,977,000, 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 the appropriations
for the Office of Inspector General; of which [$176,858,000] $175,977,000 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 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 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)); $151,179,000 is for direct administrative expenses
of loan making and servicing to carry out the direct loan program; and $7,650,000 is for indirect administrative expenses
for the direct loan program: Provided further, That the amount for major disasters under this heading is designated by Congress
as being for disaster relief pursuant to section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of
1985 (Public Law 99–177), as amended. (Financial Services and General Government Appropriations Act, 2016.)
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2015 actual
2016 est.
2017 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
36
133
159
0705
Reestimates of direct loan subsidy
20
9
0706
Interest on reestimates of direct loan subsidy
15
0709
Administrative expenses
187
187
186
0900
Total new obligations
258
329
345
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
738
705
588
1001
Discretionary unobligated balance brought fwd, Oct 1
738
705
1020
Adjustment of unobligated bal brought forward, Oct 1
–3
1021
Recoveries of prior year unpaid obligations
6
15
15
1050
Unobligated balance (total)
741
720
603
Budget authority:
Appropriations, discretionary:
1100
Appropriation
187
187
27
1100
Appropriation-Discretionary, Disaster Relief pursuant to 2011 Budget Control Act, Appropriations Committee
159
1160
Appropriation, discretionary (total)
187
187
186
Appropriations, mandatory:
1200
Appropriation
35
10
1900
Budget authority (total)
222
197
186
1930
Total budgetary resources available
963
917
789
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
705
588
444
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
15
14
21
3001
Adjustments to unpaid obligations, brought forward, Oct 1
3
3010
Obligations incurred, unexpired accounts
258
329
345
3020
Outlays (gross)
–256
–307
–315
3040
Recoveries of prior year unpaid obligations, unexpired
–6
–15
–15
3050
Unpaid obligations, end of year
14
21
36
Memorandum (non-add) entries:
3100
Obligated balance, start of year
18
14
21
3200
Obligated balance, end of year
14
21
36
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
187
187
186
Outlays, gross:
4010
Outlays from new discretionary authority
187
187
186
4011
Outlays from discretionary balances
34
110
129
4020
Outlays, gross (total)
221
297
315
Mandatory:
4090
Budget authority, gross
35
10
Outlays, gross:
4100
Outlays from new mandatory authority
35
10
4180
Budget authority, net (total)
222
197
186
4190
Outlays, net (total)
256
307
315
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2015 actual
2016 est.
2017 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
293
1,100
1,100
115999
Total direct loan levels
293
1,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
12.43
12.10
14.42
132999
Weighted average subsidy rate
12.43
12.10
14.42
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
36
133
159
133999
Total subsidy budget authority
36
133
159
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
34
79
88
134999
Total subsidy outlays
34
79
88
Direct loan reestimates:
135001
Disaster Assistance Loans
1
–112
135002
Economic Injury Disaster Loans—Terrorist Attack
1
–2
135999
Total direct loan reestimates
2
–114
Guaranteed loan levels supportable by subsidy budget authority:
215001
Immediate Disaster Assistance
18
215002
Expedited Disaster Assistance
59
215999
Total loan guarantee levels
77
Guaranteed loan subsidy (in percent):
232001
Immediate Disaster Assistance
0.00
0.00
1.91
232002
Expedited Disaster Assistance
0.00
0.00
2.25
232999
Weighted average subsidy rate
0.00
0.00
2.17
Guaranteed loan subsidy budget authority:
233002
Expedited Disaster Assistance
1
233999
Total subsidy budget authority
1
Guaranteed loan subsidy outlays:
234002
Expedited Disaster Assistance
1
234999
Total subsidy outlays
1
Administrative expense data:
3510
Budget authority
187
187
186
3590
Outlays from new authority
187
187
186
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 2017, the Budget supports $1.1 billion in loans, the ten-year normalized average for such loans. The Budget does not request
new credit subsidy budget authority, as SBA has sufficient unobligated balances to support estimated 2017 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 $27.1 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
2015 actual
2016 est.
2017 est.
Direct obligations:
25.2
Other services from non-Federal sources
187
187
186
41.0
Grants, subsidies, and contributions
71
142
159
99.9
Total new obligations
258
329
345
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0003
Other
12
12
12
Credit program obligations:
0710
Direct loan obligations
293
1,100
1,100
0713
Payment of interest to Treasury
242
500
500
0742
Downward reestimate paid to receipt account
27
84
0743
Interest on downward reestimates
5
40
0791
Direct program activities, subtotal
567
1,724
1,600
0900
Total new obligations
579
1,736
1,612
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
484
271
187
1020
Adjustment of unobligated bal brought forward, Oct 1
–23
1021
Recoveries of prior year unpaid obligations
61
99
99
1050
Unobligated balance (total)
522
370
286
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
307
1,007
1,007
Spending authority from offsetting collections, mandatory:
1800
Collected
1,005
1,046
1,046
1801
Change in uncollected payments, Federal sources
–1
1820
Capital transfer of spending authority from offsetting collections to general fund
–500
–500
1825
Spending authority from offsetting collections applied to repay debt
–983
1850
Spending auth from offsetting collections, mand (total)
21
546
546
1900
Budget authority (total)
328
1,553
1,553
1930
Total budgetary resources available
850
1,923
1,839
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
271
187
227
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
158
119
243
3001
Adjustments to unpaid obligations, brought forward, Oct 1
23
3010
Obligations incurred, unexpired accounts
579
1,736
1,612
3020
Outlays (gross)
–580
–1,513
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–61
–99
–99
3050
Unpaid obligations, end of year
119
243
243
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–15
–14
–14
3070
Change in uncollected pymts, Fed sources, unexpired
1
3090
Uncollected pymts, Fed sources, end of year
–14
–14
–14
Memorandum (non-add) entries:
3100
Obligated balance, start of year
166
105
229
3200
Obligated balance, end of year
105
229
229
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
328
1,553
1,553
Financing disbursements:
4110
Outlays, gross (total)
580
1,513
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–34
–78
–88
4120
Upward reestimate
–20
–10
4120
Interest on upward reestimate
–15
4122
Interest income from Treasury
–36
–230
–230
4123
Repayments of principal, net
–900
–728
–728
4130
Offsets against gross budget authority and outlays (total)
–1,005
–1,046
–1,046
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
1
4160
Budget authority, net (mandatory)
–676
507
507
4170
Outlays, net (mandatory)
–425
467
467
4180
Budget authority, net (total)
–676
507
507
4190
Outlays, net (total)
–425
467
467
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2015 actual
2016 est.
2017 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
5,937
4,188
4,188
1143
Unobligated limitation carried forward (P.L. xx) (-)
–5,644
–3,088
–3,088
1150
Total direct loan obligations
293
1,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
6,794
6,347
6,418
1231
Disbursements: Direct loan disbursements
295
708
1,043
1251
Repayments: Repayments and prepayments
–648
–543
–522
Write-offs for default:
1263
Direct loans
–101
–94
–95
1264
Other adjustments, net (+ or -)
7
1290
Outstanding, end of year
6,347
6,418
6,844
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2014 actual
2015 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
515
324
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
6,794
6,347
1405
Allowance for subsidy cost (-)
–1,227
–1,085
1499
Net present value of assets related to direct loans
5,567
5,262
1999
Total assets
6,082
5,586
LIABILITIES:
Federal liabilities:
2103
Debt
6,080
5,584
2105
Other
2
2
2999
Total liabilities
6,082
5,586
4999
Total liabilities and net position
6,082
5,586
Disaster Loans Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4293–0–3–453
2015 actual
2016 est.
2017 est.
Budgetary resources:
Financing authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
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
Budget authority, gross
1
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–1
4180
Budget authority, net (total)
4190
Outlays, net (total)
–1
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4293–0–3–453
2015 actual
2016 est.
2017 est.
Position with respect to appropriations act limitation on commitments:
2121
Limitation available from carry-forward
74
77
77
2143
Uncommitted limitation carried forward
–74
–77
2150
Total guaranteed loan commitments
77
2199
Guaranteed amount of guaranteed loan commitments
63
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
2231
Disbursements of new guaranteed loans
68
2251
Repayments and prepayments
–12
2290
Outstanding, end of year
56
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
45
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2015 actual
2016 est.
2017 est.
Obligations by program activity:
0101
Interest expense to Treasury
2
2
0103
Other Expenses
1
1
0900
Total new obligations (object class 25.2)
3
3
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
1
1
1
1820
Capital transfer of spending authority from offsetting collections to general fund
–1
1850
Spending auth from offsetting collections, mand (total)
1
1
1900
Budget authority (total)
3
3
1930
Total budgetary resources available
3
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3010
Obligations incurred, unexpired accounts
3
3
3050
Unpaid obligations, end of year
3
6
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3200
Obligated balance, end of year
3
6
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3
3
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–1
–1
–1
4180
Budget authority, net (total)
–1
2
2
4190
Outlays, net (total)
–1
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4153–0–3–453
2015 actual
2016 est.
2017 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
4
3
2
1251
Repayments: Repayments and prepayments
–1
–1
–1
1290
Outstanding, end of year
3
2
1
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2014 actual
2015 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1601
Direct loans, net
4
3
1603
Allowance for estimated uncollectible loans and interest (-)
–1
1699
Value of assets related to direct loans
3
3
1999
Total assets
3
3
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
3
3
4999
Total liabilities and net position
3
3
Pollution Control Equipment Fund Liquidating Account
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2015 actual
2016 est.
2017 est.
Offsetting receipts from the public:
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
6
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
33
123
073–272230
Business Loan Program, Downward Reestimates of Subsidies
1,833
1,528
General Fund Offsetting receipts from the public
1,872
1,651
ADMINISTRATIVE PROVISIONS
Administrative Provisions—Small Business Administration
'
(including cancellation and 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) Subparagraph (C) of section 502(7) of the Small Business Investment Act of 1958 (15 U.S.C. 696(7)), as in effect on September
25, 2012, shall be in effect in any fiscal year during which the cost to the Federal Government of making guarantees under
such subparagraph (C) and section 503 of the Small Business Investment Act of 1958 (15 U.S.C. 697) is zero, except that—
(1) subclause (I)(bb) and subclause (II) of clause (iv) of such subparagraph (C) shall not be in effect;
(2) unless, upon application by a development company and after determining that the refinance loan is needed for good cause,
the Administrator of the Small Business Administration waives this paragraph, a development company shall limit its financings
under section 502 of the Small Business Investment Act of 1958 (15 U.S.C. 696) so that, during any fiscal year, new financings
under such subparagraph (C) shall not exceed 50 percent of the dollars loaned under title V of the Small Business Investment
Act of 1958 (15 U.S.C. 695 et seq.) during the previous fiscal year; and
(3) clause (iv)(I)(aa) of such subparagraph (C) shall be applied by substituting "job creation and retention" for "job creation".
(b) Section 303(b)(2)(B) of the Small Business Investment Act of 1958 (15 U.S.C. 683(b)(2)(B)) is amended by striking "$225,000,000"
and inserting "$350,000,000".]
SEC. 521. For loans and loan guarantees that do not require budget authority and the program level has been established in this Act,
the Administrator of the Small Business Administration may increase the program level for such loans and loan guarantees by
not more than 15 percent: Provided, That prior to the Administrator implementing such an increase, the Administrator notifies,
in writing, the Committees on Appropriations and Small Business of both Houses of Congress at least 15 days in advance. SEC. 522. Of the unobligated balances available for the Certified Development Company Program under section 503 of the Small Business
Investment Act of 1958, as amended, $55,000,000 are hereby permanently cancelled: Provided, That no amounts may be cancelled
from amounts that were designated by the Congress as an emergency requirement pursuant to the Concurrent Resolution on the
Budget or the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. SEC. 523. Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (a) in paragraph (4)—
(1) by striking subparagraph (E); and
(2) by redesignating subparagraph (F) as subparagraph (E); and
(b) in paragraph (7), by striking subparagraph (B).
SEC. 524. SMALL BUSINESS DEVELOPMENT CENTER AND WOMEN'S BUSINESS CENTER PROGRAM EVALUATIONS. (a) Section 21(a)(7)(A) of the Small Business Act (15 U.S.C. 648(a)(7)(A)) is amended by—
(1) striking the word "or" at the end of clause (i);
(2) striking the period at the end of clause (ii) and insert "; or"; and
(3) adding the following new clause (iii): "(iii) the Administrator considers such a disclosure to be necessary for the purpose
of conducting a program evaluation.".
(b) Section 29(n)(1) of the Small Business Act (15 U.S.C. 656(n)(1)) is amended by—
(1) striking the word "or" at the end of subparagraph (A);
(2) striking the period at the end of subparagraph (B) and insert "; or"; and
(3) adding the following new subparagraph (C): "(C) the Administrator considers such a disclosure to be necessary for the purpose
of conducting a program evaluation.".
(Financial Services and General Government Appropriations Act, 2016.)