[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, $265,000,000: 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 2018: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
2019.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0001
Executive direction
72
77
76
0002
Capital Access
88
82
81
0003
Gov. Contracting/ Bus. Development
29
28
28
0004
Entrepreneurial Development
8
12
12
0005
Chief Operating Office
26
26
26
0006
Office of Chief Information Officer
37
37
37
0007
Regional & district offices
99
99
99
0008
Agency wide costs
51
64
64
0009
Non credit programs
3
2
2
0012
Disaster
214
176
174
0013
Investment & Innovation
16
16
16
0014
International Trade
6
6
6
0900
Total new obligations, unexpired accounts
649
625
621
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
248
230
230
1021
Recoveries of prior year unpaid obligations
9
1033
Recoveries of prior year paid obligations
1
1050
Unobligated balance (total)
258
230
230
Budget authority:
Appropriations, discretionary:
1100
Appropriation
268
267
265
1120
Appropriations transferred to other accts [073–0400]
–2
1160
Appropriation, discretionary (total)
266
267
265
Spending authority from offsetting collections, discretionary:
1700
Collected
186
186
184
1700
Collected
174
172
172
1750
Spending auth from offsetting collections, disc (total)
360
358
356
1900
Budget authority (total)
626
625
621
1930
Total budgetary resources available
884
855
851
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–5
1941
Unexpired unobligated balance, end of year
230
230
230
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
174
153
154
3010
New obligations, unexpired accounts
649
625
621
3011
Obligations ("upward adjustments"), expired accounts
10
3020
Outlays (gross)
–647
–624
–623
3040
Recoveries of prior year unpaid obligations, unexpired
–9
3041
Recoveries of prior year unpaid obligations, expired
–24
3050
Unpaid obligations, end of year
153
154
152
Memorandum (non-add) entries:
3100
Obligated balance, start of year
174
153
154
3200
Obligated balance, end of year
153
154
152
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
626
625
621
Outlays, gross:
4010
Outlays from new discretionary authority
537
415
413
4011
Outlays from discretionary balances
110
209
210
4020
Outlays, gross (total)
647
624
623
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–339
–339
–337
4033
Non-Federal sources
–22
–19
–19
4040
Offsets against gross budget authority and outlays (total)
–361
–358
–356
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
1
4060
Additional offsets against budget authority only (total)
1
4070
Budget authority, net (discretionary)
266
267
265
4080
Outlays, net (discretionary)
286
266
267
4180
Budget authority, net (total)
266
267
265
4190
Outlays, net (total)
286
266
267
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 2018 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 $124 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 SBA enterprise-wide
technology modernization initiatives including hardware, software and application standardization, mobile shared services
implementation, security vulnerability reduction, infrastructure upgrades, data center consolidation and migration to the
cloud.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2016 actual
2017 est.
2018 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
191
210
210
11.3
Other than full-time permanent
7
7
7
11.5
Other personnel compensation
4
4
4
11.9
Total personnel compensation
202
221
221
12.1
Civilian personnel benefits
65
70
70
21.0
Travel and transportation of persons
5
5
5
23.1
Rental payments to GSA
35
42
42
23.3
Communications, utilities, and miscellaneous charges
8
8
8
25.2
Other services from non-Federal sources
111
94
92
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
214
176
174
26.0
Supplies and materials
3
3
3
31.0
Equipment
3
3
3
41.0
Grants, subsidies, and contributions
3
3
3
99.0
Direct obligations
649
625
621
99.9
Total new obligations, unexpired accounts
649
625
621
Employment Summary
Identification code 073–0100–0–1–376
2016 actual
2017 est.
2018 est.
1001
Direct civilian full-time equivalent employment
3,080
3,115
3,060
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.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0001
Audit
7
8
8
0002
Investigations
10
11
11
0003
Management and Administration
1
1
1
0004
General Office
2
2
2
0900
Total new obligations, unexpired accounts
20
22
22
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
6
5
3
Budget authority:
Appropriations, discretionary:
1100
Appropriation
20
20
20
Spending authority from offsetting collections, discretionary:
1700
Collected
1
1
1
1900
Budget authority (total)
21
21
21
1930
Total budgetary resources available
27
26
24
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
–1
1941
Unexpired unobligated balance, end of year
5
3
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3
4
3010
New obligations, unexpired accounts
20
22
22
3020
Outlays (gross)
–20
–21
–21
3050
Unpaid obligations, end of year
3
4
5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3
4
3200
Obligated balance, end of year
3
4
5
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
21
21
21
Outlays, gross:
4010
Outlays from new discretionary authority
18
19
19
4011
Outlays from discretionary balances
2
2
2
4020
Outlays, gross (total)
20
21
21
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–1
–1
4180
Budget authority, net (total)
20
20
20
4190
Outlays, net (total)
19
20
20
The 2018 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
2016 actual
2017 est.
2018 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
11
12
13
12.1
Civilian personnel benefits
4
5
5
25.2
Other services
4
4
3
99.0
Direct obligations
19
21
21
99.0
Reimbursable obligations
1
1
1
99.9
Total new obligations, unexpired accounts
20
22
22
Employment Summary
Identification code 073–0200–0–1–376
2016 actual
2017 est.
2018 est.
1001
Direct civilian full-time equivalent employment
96
105
102
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.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2016 actual
2017 est.
2018 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
2
2
3
3010
New obligations, unexpired accounts
9
9
9
3020
Outlays (gross)
–9
–8
–8
3050
Unpaid obligations, end of year
2
3
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
2
2
3
3200
Obligated balance, end of year
2
3
4
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 2018 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
2016 actual
2017 est.
2018 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, unexpired accounts
9
9
9
Employment Summary
Identification code 073–0300–0–1–376
2016 actual
2017 est.
2018 est.
1001
Direct civilian full-time equivalent employment
50
51
52
Entrepreneurial Development Program
For necessary expenses of programs supporting entrepreneurial and small business development, $192,450,000, to remain available until September 30, 2019: Provided, That $110,000,000 shall be available to fund grants for performance in fiscal year 2018 or fiscal year 2019 as authorized by section 21 of the Small Business Act: Provided further, That $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 $10,000,000 shall be available for grants to States to carry out export programs authorized under section 22(l) of the Small Business Act (15 U.S.C. 649(l)) to assist small business concerns.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0001
Non-Credit Programs
234
230
192
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
7
9
9
1021
Recoveries of prior year unpaid obligations
2
1050
Unobligated balance (total)
9
9
9
Budget authority:
Appropriations, discretionary:
1100
Appropriation
231
230
192
1121
Appropriations transferred from other acct [073–0100]
2
1160
Appropriation, discretionary (total)
233
230
192
Spending authority from offsetting collections, discretionary:
1700
Collected
2
1900
Budget authority (total)
235
230
192
1930
Total budgetary resources available
244
239
201
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
9
9
9
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
183
203
254
3010
New obligations, unexpired accounts
234
230
192
3011
Obligations ("upward adjustments"), expired accounts
2
3020
Outlays (gross)
–211
–179
–192
3040
Recoveries of prior year unpaid obligations, unexpired
–2
3041
Recoveries of prior year unpaid obligations, expired
–3
3050
Unpaid obligations, end of year
203
254
254
Memorandum (non-add) entries:
3100
Obligated balance, start of year
183
203
254
3200
Obligated balance, end of year
203
254
254
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
235
230
192
Outlays, gross:
4010
Outlays from new discretionary authority
65
80
67
4011
Outlays from discretionary balances
146
99
125
4020
Outlays, gross (total)
211
179
192
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–2
4180
Budget authority, net (total)
233
230
192
4190
Outlays, net (total)
209
179
192
For 2018, 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 Expansion Program (STEP) ,
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 Hubzone Program and other outreach and contracting activities.
Object Classification (in millions of dollars)
Identification code 073–0400–0–1–376
2016 actual
2017 est.
2018 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
2
2
12.1
Civilian personnel benefits
1
2
2
25.2
Other services from non-Federal sources
22
22
22
41.0
Grants, subsidies, and contributions
209
204
166
99.9
Total new obligations, unexpired accounts
234
230
192
Employment Summary
Identification code 073–0400–0–1–376
2016 actual
2017 est.
2018 est.
1001
Direct civilian full-time equivalent employment
22
25
25
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0801
Reimbursable obligations
17
17
17
0900
Total new obligations (object class 42.0)
17
17
17
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
85
88
88
1033
Recoveries of prior year paid obligations
3
1050
Unobligated balance (total)
88
88
88
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
17
17
17
1930
Total budgetary resources available
105
105
105
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
88
88
88
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
3010
New obligations, unexpired accounts
17
17
17
3020
Outlays (gross)
–16
–17
–17
3050
Unpaid obligations, end of year
1
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
3200
Obligated balance, end of year
1
1
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
17
17
17
Outlays, gross:
4010
Outlays from new discretionary authority
16
17
17
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–20
–17
–17
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
3
4080
Outlays, net (discretionary)
–4
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 2018. Therefore,
no new appropriated funds are requested in the Budget.
Business loans program account
(including transfer of funds)
For the cost of direct loans, $3,438,172, 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 2018 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 2018 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $29,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2018 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 2018 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 2018, 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, $152,782,000 which may be transferred to and merged with the appropriations for Salaries and Expenses.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
3
3
3
0705
Reestimates of direct loan subsidy
6
1
0706
Interest on reestimates of direct loan subsidy
2
1
0707
Reestimates of loan guarantee subsidy
205
520
0708
Interest on reestimates of loan guarantee subsidy
50
117
0709
Administrative expenses
153
152
153
0900
Total new obligations, unexpired accounts
419
794
156
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
108
115
121
1001
Discretionary unobligated balance brought fwd, Oct 1
108
115
1021
Recoveries of prior year unpaid obligations
7
5
5
1050
Unobligated balance (total)
115
120
126
Budget authority:
Appropriations, discretionary:
1100
Appropriation
156
156
156
Appropriations, mandatory:
1200
Appropriation
263
639
1900
Budget authority (total)
419
795
156
1930
Total budgetary resources available
534
915
282
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
115
121
126
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
81
41
10
3010
New obligations, unexpired accounts
419
794
156
3020
Outlays (gross)
–447
–820
–157
3040
Recoveries of prior year unpaid obligations, unexpired
–7
–5
–5
3041
Recoveries of prior year unpaid obligations, expired
–5
3050
Unpaid obligations, end of year
41
10
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
81
41
10
3200
Obligated balance, end of year
41
10
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
156
156
156
Outlays, gross:
4010
Outlays from new discretionary authority
154
154
153
4011
Outlays from discretionary balances
30
27
4
4020
Outlays, gross (total)
184
181
157
Mandatory:
4090
Budget authority, gross
263
639
Outlays, gross:
4100
Outlays from new mandatory authority
263
639
4180
Budget authority, net (total)
419
795
156
4190
Outlays, net (total)
447
820
157
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2016 actual
2017 est.
2018 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
35
34
36
115999
Total direct loan levels
35
34
36
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
8.87
9.08
8.91
132999
Weighted average subsidy rate
8.87
9.08
8.91
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
3
3
3
133999
Total subsidy budget authority
3
3
3
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
3
135010
7(m) Direct Microloans — ARRA
2
135011
Intermediary Lending Program
–1
–1
135999
Total direct loan reestimates
4
–1
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
22,734
26,500
29,000
215004
Section 504 Certified Development Companies Debentures
4,673
7,500
7,500
215006
SBIC Debentures
2,514
4,000
4,000
215010
Secondary Market Guarantee
7,410
12,000
12,000
215027
504 Commercial Real Estate (CRE) Refinance Program
41
7,500
7,500
215999
Total loan guarantee levels
37,372
57,500
60,000
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
0.00
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
0.00
0.00
0.00
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
1
234004
Section 504 Certified Development Companies Debentures
25
26
26
234999
Total subsidy outlays
26
26
26
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–165
–94
235003
7(a) General Business Loan Guarantees—STAR
–1
235004
Section 504 Certified Development Companies Debentures
–722
–585
235006
SBIC Debentures
–155
–157
235007
SBIC Participating Securities
–77
–40
235008
SBIC New Market Venture Capital
8
12
235010
Secondary Market Guarantee
–17
511
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
–7
4
235016
ARC Loan Guarantees—ARRA
–9
–1
235017
7(a) General Business Loan Guarantees—ARRA
34
16
235018
Section 504 Certified Development Companies—ARRA
–60
–30
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–54
–22
235027
504 Commercial Real Estate (CRE) Refinance Program
–62
–22
235028
7(a) Business Loan Guarantees—ARRA Extension
18
17
235999
Total guaranteed loan reestimates
–1,268
–392
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 2018, the Budget proposes $156.2 million in new budget authority for the Business Loans Program account. This includes
$152.8 million in administrative expenses funding and $3.4 million in credit subsidy for the direct Microloan Program. This
subsidy supports a $35.9 million program level for direct Microloans. SBA's loan guarantee programs, the 7(a), 504, 504 Debt
Refinancing, and SBIC programs, will operate with no subsidy appropriations in 2018.
The Budget supports a program level of $29.0 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 2018 Budget waives upfront fees on all 7(a) loans
of $125,000 or less to spur lending in this market. The Budget also waives upfront fees on SBA Express loans to veterans and
provides a 50 percent waiver of upfront fees on all non-SBA Express loans to veterans between $125,001 and $350,000. In addition,
the Secondary Market Guarantee (SMG) Program allows SBA's fiscal agent to pool the guaranteed portion of 7(a) loans and sell
the securities to investors. This mechanism provides liquidity to lenders participating in the 7(a) loan program. For 2018,
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 supports a program level of $7.5 billion in 2018. 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 and also supports
a program level of $7.5 billion in 2018. The Budget enhances these two programs by introducing a 25-year debenture to complement
the existing 10-year and 20-year debentures. This new initiative will foster small business development by helping owners
lower their operating expenses in a manner that is protective of taxpayer resources.
The Budget supports innovative financial instruments through SBA's Small Business Investment Company (SBIC) program by providing
up to $4 billion in long-term guaranteed loans to support venture capital investments in small businesses.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2016 actual
2017 est.
2018 est.
Direct obligations:
25.2
Other services from non-Federal sources
153
152
153
41.0
Grants, subsidies, and contributions
266
642
3
99.9
Total new obligations, unexpired accounts
419
794
156
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
35
34
36
0713
Payment of interest to Treasury
5
5
5
0742
Downward reestimates paid to receipt accounts
2
2
0900
Total new obligations, unexpired accounts
42
41
41
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
19
3
1021
Recoveries of prior year unpaid obligations
3
3
3
1023
Unobligated balances applied to repay debt
–11
1050
Unobligated balance (total)
11
6
3
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
30
33
33
Spending authority from offsetting collections, mandatory:
1800
Collected
42
36
37
1801
Change in uncollected payments, Federal sources
–1
1825
Spending authority from offsetting collections applied to repay debt
–37
–34
–32
1850
Spending auth from offsetting collections, mand (total)
4
2
5
1900
Budget authority (total)
34
35
38
1930
Total budgetary resources available
45
41
41
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
44
41
45
3010
New obligations, unexpired accounts
42
41
41
3020
Outlays (gross)
–42
–34
–36
3040
Recoveries of prior year unpaid obligations, unexpired
–3
–3
–3
3050
Unpaid obligations, end of year
41
45
47
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–6
–5
–5
3070
Change in uncollected pymts, Fed sources, unexpired
1
3090
Uncollected pymts, Fed sources, end of year
–5
–5
–5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
38
36
40
3200
Obligated balance, end of year
36
40
42
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
34
35
38
Financing disbursements:
4110
Outlays, gross (total)
42
34
36
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Subsidy from program account
–4
–3
–3
4120
Upward reestimate
–6
–1
4120
Interest on reestimate
–2
–1
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–28
–27
–29
4123
Other income
–2
–3
4130
Offsets against gross budget authority and outlays (total)
–42
–36
–37
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
1
4160
Budget authority, net (mandatory)
–7
–1
1
4170
Outlays, net (mandatory)
–2
–1
4180
Budget authority, net (total)
–7
–1
1
4190
Outlays, net (total)
–2
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2016 actual
2017 est.
2018 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
35
34
36
1121
Limitation available from carry-forward
5
1143
Unobligated limitation carried forward (P.L. xx) (-)
–5
1150
Total direct loan obligations
35
34
36
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
168
174
180
1231
Disbursements: Direct loan disbursements
34
34
36
1251
Repayments: Repayments and prepayments
–27
–28
–28
1263
Write-offs for default: Write-offs for default
–1
1290
Outstanding, end of year
174
180
188
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2015 actual
2016 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
53
40
Investments in US securities:
1106
Receivables, net
6
1
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
168
174
1405
Allowance for subsidy cost (-)
–11
–13
1499
Net present value of assets related to direct loans
157
161
1999
Total assets
216
202
LIABILITIES:
Federal liabilities:
2103
Debt
213
201
2104
Resources payable to Treasury (Downward Reestimate)
3
1
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
216
202
4999
Total liabilities and net position
216
202
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0005
Other Expenses
95
75
75
Credit program obligations:
0711
Default claim payments on principal
872
1,500
1,631
0712
Default claim payments on interest
41
100
142
0713
Payment of interest to Treasury
61
80
80
0742
Downward reestimates paid to receipt accounts
1,273
846
0743
Interest on downward reestimates
252
184
0791
Direct program activities, subtotal
2,499
2,710
1,853
0900
Total new obligations, unexpired accounts
2,594
2,785
1,928
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3,402
3,475
3,593
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
155
Spending authority from offsetting collections, mandatory:
1800
Collected
2,591
2,903
1,863
1801
Change in uncollected payments, Federal sources
–38
1825
Spending authority from offsetting collections applied to repay debt
–41
1850
Spending auth from offsetting collections, mand (total)
2,512
2,903
1,863
1900
Budget authority (total)
2,667
2,903
1,863
1930
Total budgetary resources available
6,069
6,378
5,456
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,475
3,593
3,528
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
39
28
30
3010
New obligations, unexpired accounts
2,594
2,785
1,928
3020
Outlays (gross)
–2,605
–2,783
–1,853
3050
Unpaid obligations, end of year
28
30
105
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–75
–37
–37
3070
Change in uncollected pymts, Fed sources, unexpired
38
3090
Uncollected pymts, Fed sources, end of year
–37
–37
–37
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–36
–9
–7
3200
Obligated balance, end of year
–9
–7
68
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2,667
2,903
1,863
Financing disbursements:
4110
Outlays, gross (total)
2,605
2,783
1,853
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Subsidy from program account
–26
–26
–26
4120
Upward reestimate
–205
–520
4120
Interest on reestimate
–50
–117
4122
Interest on uninvested funds
–71
–70
–70
4123
Fees
–1,282
–1,300
–1,418
4123
Principal
–867
–800
–349
4123
Interest
–79
–70
4123
Sale of Foreclosed Property
–11
4130
Offsets against gross budget authority and outlays (total)
–2,591
–2,903
–1,863
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
38
4160
Budget authority, net (mandatory)
114
4170
Outlays, net (mandatory)
14
–120
–10
4180
Budget authority, net (total)
114
4190
Outlays, net (total)
14
–120
–10
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2016 actual
2017 est.
2018 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
57,500
57,500
60,000
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–20,128
2150
Total guaranteed loan commitments
37,372
57,500
60,000
2199
Guaranteed amount of guaranteed loan commitments
31,282
50,794
50,794
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
105,658
113,113
131,544
2231
Disbursements of new guaranteed loans
26,982
40,193
40,193
2251
Repayments and prepayments
–18,315
–19,989
–19,989
Adjustments:
2261
Terminations for default that result in loans receivable
–1,041
–1,593
–1,593
2263
Terminations for default that result in claim payments
–175
–180
–180
2264
Other adjustments, net
4
2290
Outstanding, end of year
113,113
131,544
149,975
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
93,764
114,024
114,024
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
5,793
4,201
3,685
2331
Disbursements for guaranteed loan claims
850
1,482
1,482
2351
Repayments of loans receivable
–692
–479
–479
2361
Write-offs of loans receivable
–1,753
–1,519
–1,519
2364
Other adjustments, net
3
2390
Outstanding, end of year
4,201
3,685
3,169
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2015 actual
2016 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
3,254
3,465
Investments in US securities:
1106
Receivables, net
248
645
1206
Non-Federal assets: Receivables, net
96
158
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
5,793
4,201
1504
Foreclosed property
23
17
1505
Allowance for subsidy cost (-)
–4,745
–3,299
1599
Net present value of assets related to defaulted guaranteed loans
1,071
919
1999
Total assets
4,669
5,187
LIABILITIES:
Federal liabilities:
2103
Debt
1,501
1,727
2105
Other
1,475
1,071
Non-Federal liabilities:
2201
Accounts payable
32
18
2204
Liabilities for loan guarantees
1,661
2,371
2999
Total liabilities
4,669
5,187
4999
Total liabilities and net position
4,669
5,187
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0005
Guaranteed loan default claims
1
1
0006
Interest to UST
1
0007
Other Expenses
1
1
0600
Direct program activities, subtotal
1
2
2
0900
Total new obligations, unexpired accounts
1
2
2
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
3
3
3
1820
Capital transfer of spending authority from offsetting collections to general fund
–3
–3
–3
1900
Budget authority (total)
1
2
2
1930
Total budgetary resources available
1
2
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
1
3010
New obligations, unexpired accounts
1
2
2
3020
Outlays (gross)
–1
–2
–2
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
2
2
Outlays, gross:
4100
Outlays from new mandatory authority
2
2
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
1
2
2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–3
–3
–3
4180
Budget authority, net (total)
–2
–1
–1
4190
Outlays, net (total)
–2
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2016 actual
2017 est.
2018 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
8
5
3
1251
Repayments: Repayments and prepayments
–1
–1
Write-offs for default:
1263
Write-offs for default
–1
–1
1264
Other adjustments, net (+ or -)
–3
1290
Outstanding, end of year
5
3
1
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2016 actual
2017 est.
2018 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
4
1
1
2251
Repayments and prepayments
–3
2290
Outstanding, end of year
1
1
1
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
1
1
1
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
12
11
9
2331
Disbursements for guaranteed loan claims
1
2351
Repayments of loans receivable
–1
–1
–1
2361
Write-offs of loans receivable
–12
–1
–1
2364
Other adjustments, net
11
2390
Outstanding, end of year
11
9
7
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2015 actual
2016 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1
1
1206
Non-Federal assets: Receivables, net
1601
Direct loans, gross
8
5
1603
Allowance for estimated uncollectible loans and interest (-)
–4
–2
1699
Value of assets related to direct loans
4
3
1701
Defaulted guaranteed loans, gross
12
11
1703
Allowance for estimated uncollectible loans and interest (-)
–6
–3
1799
Value of assets related to loan guarantees
6
8
1801
Other Federal assets: Cash and other monetary assets
1
2
1999
Total assets
12
14
LIABILITIES:
Federal liabilities:
2102
Interest payable
1
2104
Resources payable to Treasury
11
13
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
12
14
4999
Total liabilities and net position
12
14
Object Classification (in millions of dollars)
Identification code 073–4154–0–3–376
2016 actual
2017 est.
2018 est.
Direct obligations:
33.0
Investments and loans
1
1
43.0
Interest and dividends
1
2
99.9
Total new obligations, unexpired accounts
1
2
2
Disaster loans program account
(including transfers of funds)
For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, $186,458,000, 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 $176,458,000 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.
Note.—A full-year 2017 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Further Continuing Appropriations Act, 2017 (P.L. 114–254). The amounts
included for 2017 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2016 actual
2017 est.
2018 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
143
231
138
0705
Reestimates of direct loan subsidy
9
8
0706
Interest on reestimates of direct loan subsidy
2
0709
Administrative expenses
187
186
184
0900
Total new obligations, unexpired accounts
339
427
322
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
706
568
352
1001
Discretionary unobligated balance brought fwd, Oct 1
706
568
1021
Recoveries of prior year unpaid obligations
5
15
15
1050
Unobligated balance (total)
711
583
367
Budget authority:
Appropriations, discretionary:
1100
Appropriation
187
27
28
1100
Appropriation-Discretionary, Disaster Relief pursuant to 2011 Budget Control Act, Appropriations Committee
159
159
1131
Unobligated balance of appropriations permanently reduced
–3
1160
Appropriation, discretionary (total)
187
186
184
Appropriations, mandatory:
1200
Appropriation
9
10
1900
Budget authority (total)
196
196
184
1930
Total budgetary resources available
907
779
551
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
568
352
229
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
14
104
191
3010
New obligations, unexpired accounts
339
427
322
3020
Outlays (gross)
–244
–325
–356
3040
Recoveries of prior year unpaid obligations, unexpired
–5
–15
–15
3050
Unpaid obligations, end of year
104
191
142
Memorandum (non-add) entries:
3100
Obligated balance, start of year
14
104
191
3200
Obligated balance, end of year
104
191
142
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
187
186
184
Outlays, gross:
4010
Outlays from new discretionary authority
187
186
184
4011
Outlays from discretionary balances
48
129
172
4020
Outlays, gross (total)
235
315
356
Mandatory:
4090
Budget authority, gross
9
10
Outlays, gross:
4100
Outlays from new mandatory authority
9
10
4180
Budget authority, net (total)
196
196
184
4190
Outlays, net (total)
244
325
356
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2016 actual
2017 est.
2018 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
1,181
1,600
1,100
115999
Total direct loan levels
1,181
1,600
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
12.10
14.42
12.54
132999
Weighted average subsidy rate
12.10
14.42
12.54
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
143
231
138
133999
Total subsidy budget authority
143
231
138
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
48
88
88
134999
Total subsidy outlays
48
88
88
Direct loan reestimates:
135001
Disaster Assistance Loans
–112
–155
135002
Economic Injury Disaster Loans—Terrorist Attack
–2
–3
135999
Total direct loan reestimates
–114
–158
Administrative expense data:
3510
Budget authority
187
186
184
3590
Outlays from new authority
187
186
184
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 2018, 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 2018 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 $27.6 million for administrative expenses related to non-major disasters. Section 522 of the SBA general provisions proposes
a $2.6 million cancellation of prior no-year unobligated balances related to the Immediate Disaster Assistance Program and
the Expedited Disaster Assistance Loan Program.
Object Classification (in millions of dollars)
Identification code 073–1152–0–1–453
2016 actual
2017 est.
2018 est.
Direct obligations:
25.2
Other services from non-Federal sources
187
186
184
41.0
Grants, subsidies, and contributions
152
241
138
99.9
Total new obligations, unexpired accounts
339
427
322
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0003
Other
15
12
12
Credit program obligations:
0710
Direct loan obligations
1,181
1,600
1,100
0713
Payment of interest to Treasury
254
500
500
0742
Downward reestimates paid to receipt accounts
84
116
0743
Interest on downward reestimates
40
51
0791
Direct program activities, subtotal
1,559
2,267
1,600
0900
Total new obligations, unexpired accounts
1,574
2,279
1,612
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
271
410
155
1021
Recoveries of prior year unpaid obligations
45
99
99
1050
Unobligated balance (total)
316
509
254
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
1,425
1,369
1,007
Spending authority from offsetting collections, mandatory:
1800
Collected
1,009
1,056
1,046
1801
Change in uncollected payments, Federal sources
89
1820
Capital transfer of spending authority from offsetting collections to general fund
–500
–500
1825
Spending authority from offsetting collections applied to repay debt
–855
1850
Spending auth from offsetting collections, mand (total)
243
556
546
1900
Budget authority (total)
1,668
1,925
1,553
1930
Total budgetary resources available
1,984
2,434
1,807
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
410
155
195
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
118
856
1,523
3010
New obligations, unexpired accounts
1,574
2,279
1,612
3020
Outlays (gross)
–791
–1,513
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–45
–99
–99
3050
Unpaid obligations, end of year
856
1,523
1,523
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–14
–103
–103
3070
Change in uncollected pymts, Fed sources, unexpired
–89
3090
Uncollected pymts, Fed sources, end of year
–103
–103
–103
Memorandum (non-add) entries:
3100
Obligated balance, start of year
104
753
1,420
3200
Obligated balance, end of year
753
1,420
1,420
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
1,668
1,925
1,553
Financing disbursements:
4110
Outlays, gross (total)
791
1,513
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–48
–88
–88
4120
Upward reestimate
–9
–8
4120
Interest on upward reestimate
–2
4122
Interest income from Treasury
–62
–230
–230
4123
Repayments of principal, net
–890
–728
–728
4130
Offsets against gross budget authority and outlays (total)
–1,009
–1,056
–1,046
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–89
4160
Budget authority, net (mandatory)
570
869
507
4170
Outlays, net (mandatory)
–218
457
467
4180
Budget authority, net (total)
570
869
507
4190
Outlays, net (total)
–218
457
467
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2016 actual
2017 est.
2018 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
5,817
4,188
4,188
1143
Unobligated limitation carried forward (P.L. xx) (-)
–4,636
–2,588
–3,088
1150
Total direct loan obligations
1,181
1,600
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
6,347
6,027
6,453
1231
Disbursements: Direct loan disbursements
402
1,043
1,043
1251
Repayments: Repayments and prepayments
–642
–522
–522
Write-offs for default:
1263
Direct loans
–86
–95
–95
1264
Other adjustments, net (+ or -)
6
1290
Outstanding, end of year
6,027
6,453
6,879
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2015 actual
2016 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
324
1,174
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
6,347
6,027
1405
Allowance for subsidy cost (-)
–1,085
–937
1499
Net present value of assets related to direct loans
5,262
5,090
1999
Total assets
5,586
6,264
LIABILITIES:
Federal liabilities:
2103
Debt
5,584
6,260
2105
Other
2
4
2999
Total liabilities
5,586
6,264
4999
Total liabilities and net position
5,586
6,264
Disaster Loans Guaranteed Loan Financing Account
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4293–0–3–453
2016 actual
2017 est.
2018 est.
Position with respect to appropriations act limitation on commitments:
2121
Limitation available from carry-forward
77
77
2143
Uncommitted limitation carried forward
–77
–77
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
2251
Repayments and prepayments
2290
Outstanding, end of year
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2016 actual
2017 est.
2018 est.
Obligations by program activity:
0101
Interest expense to Treasury
2
1
0103
Other Expenses
1
1
0900
Total new obligations (object class 25.2)
3
2
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
2
1
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
2
1930
Total budgetary resources available
3
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3010
New obligations, unexpired accounts
3
2
3020
Outlays (gross)
–1
3050
Unpaid obligations, end of year
3
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3200
Obligated balance, end of year
3
4
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3
2
Outlays, gross:
4100
Outlays from new mandatory authority
1
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
1
4190
Outlays, net (total)
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4153–0–3–453
2016 actual
2017 est.
2018 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
3
2
1
1251
Repayments: Repayments and prepayments
–1
–1
–1
Write-offs for default:
1263
Direct loans
–1
1264
Other adjustments, net (+ or -)
1
1290
Outstanding, end of year
2
1
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2015 actual
2016 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1601
Direct loans, net
3
2
1603
Allowance for estimated uncollectible loans and interest (-)
1699
Value of assets related to direct loans
3
2
1999
Total assets
3
2
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
3
2
4999
Total liabilities and net position
3
2
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2016 actual
2017 est.
2018 est.
Offsetting receipts from the public:
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
123
168
073–272230
Business Loan Program, Downward Reestimates of Subsidies
1,528
1,033
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
1
General Fund Offsetting receipts from the public
1,652
1,201
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 in this title for the Small Business Administration may be transferred between such appropriations upon the advance notification to the Committees on Appropriations of the House of Representatives and the Senate: Provided, That no transfer under this section may increase any such appropriation by more than 10 percent. 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. '
(Cancellation)
SEC. 522. Of the unobligated balances available for the Immediate Disaster Assistance Program authorized by section 42 of the Small
Business Act (15 U.S.C. 657n) and the Expedited Disaster Assistance Loan Program authorized by section 12085 of Public Law
110–246, $2,600,000 are hereby permanently cancelled: Provided, That no amounts may be cancelled from amounts that were designated
by the Congress as emergency requirements pursuant to a concurrent resolution on the budget or the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended: Provided further, That no amounts may be cancelled from amounts that were designated
by the Congress as being for disaster relief pursuant to section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit
Control Act of 1985. 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) 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 inserting "; or"; and
(3) adding the following new subparagraph: "(C) the Administrator considers such a disclosure to be necessary for the purpose
of conducting a program evaluation.".