[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 2019: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
2020.
Note.—A full-year 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0001
Executive direction
70
76
76
0002
Capital Access
81
81
81
0003
Gov. Contracting/ Bus. Development
30
28
28
0004
Entrepreneurial Development
9
12
12
0005
Chief Operating Office
29
26
26
0006
Office of Chief Information Officer
41
37
37
0007
Regional & district offices
98
98
99
0008
Agency wide costs
52
65
65
0009
Non credit programs
3
3
3
0012
Disaster
237
175
177
0013
Investment & Innovation
20
16
16
0014
International Trade
7
6
6
0900
Total new obligations, unexpired accounts
677
623
626
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
229
389
391
1021
Recoveries of prior year unpaid obligations
11
1050
Unobligated balance (total)
240
389
391
Budget authority:
Appropriations, discretionary:
1100
Appropriation
270
268
265
Spending authority from offsetting collections, discretionary:
1700
Collected
385
185
186
1700
Collected
175
172
175
1750
Spending auth from offsetting collections, disc (total)
560
357
361
1900
Budget authority (total)
830
625
626
1930
Total budgetary resources available
1,070
1,014
1,017
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–4
1941
Unexpired unobligated balance, end of year
389
391
391
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
153
167
140
3010
New obligations, unexpired accounts
677
623
626
3011
Obligations ("upward adjustments"), expired accounts
4
3020
Outlays (gross)
–644
–650
–631
3040
Recoveries of prior year unpaid obligations, unexpired
–11
3041
Recoveries of prior year unpaid obligations, expired
–12
3050
Unpaid obligations, end of year
167
140
135
Memorandum (non-add) entries:
3100
Obligated balance, start of year
153
167
140
3200
Obligated balance, end of year
167
140
135
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
830
625
626
Outlays, gross:
4010
Outlays from new discretionary authority
546
429
430
4011
Outlays from discretionary balances
98
221
201
4020
Outlays, gross (total)
644
650
631
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–541
–338
–342
4033
Non-Federal sources
–19
–19
–19
4040
Offsets against gross budget authority and outlays (total)
–560
–357
–361
4070
Budget authority, net (discretionary)
270
268
265
4080
Outlays, net (discretionary)
84
293
270
4180
Budget authority, net (total)
270
268
265
4190
Outlays, net (total)
84
293
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 2019 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 $131 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
2017 actual
2018 est.
2019 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
196
203
207
11.3
Other than full-time permanent
5
5
5
11.5
Other personnel compensation
5
5
5
11.9
Total personnel compensation
206
213
217
12.1
Civilian personnel benefits
66
71
75
21.0
Travel and transportation of persons
5
5
5
23.1
Rental payments to GSA
36
42
42
23.3
Communications, utilities, and miscellaneous charges
6
6
6
24.0
Printing and reproduction
1
1
1
25.2
Other services from non-Federal sources
112
104
97
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
237
175
177
26.0
Supplies and materials
3
2
2
31.0
Equipment
2
2
2
41.0
Grants, subsidies, and contributions
3
2
2
99.9
Total new obligations, unexpired accounts
677
623
626
Employment Summary
Identification code 073–0100–0–1–376
2017 actual
2018 est.
2019 est.
1001
Direct civilian full-time equivalent employment
3,246
3,060
3,069
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,
$21,900,000.
Note.—A full-year 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0001
Audit
8
8
10
0002
Investigations
11
11
11
0003
Management and Administration
1
2
2
0004
Immediate office, Chief of staff, and Counsel
1
1
1
0900
Total new obligations, unexpired accounts
21
22
24
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
5
4
Budget authority:
Appropriations, discretionary:
1100
Appropriation
20
20
22
Spending authority from offsetting collections, discretionary:
1700
Collected
1
1
1
1900
Budget authority (total)
21
21
23
1930
Total budgetary resources available
26
26
27
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
5
4
3
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
4
4
3010
New obligations, unexpired accounts
21
22
24
3020
Outlays (gross)
–20
–22
–24
3050
Unpaid obligations, end of year
4
4
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
4
4
3200
Obligated balance, end of year
4
4
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
21
21
23
Outlays, gross:
4010
Outlays from new discretionary authority
18
19
21
4011
Outlays from discretionary balances
2
3
3
4020
Outlays, gross (total)
20
22
24
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–1
–1
4180
Budget authority, net (total)
20
20
22
4190
Outlays, net (total)
19
21
23
The 2019 Budget proposes $21.9 million in new budget authority and $1 million transferred from the Disaster Loans Program
account for a total of $22.9 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
2017 actual
2018 est.
2019 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
11
12
13
12.1
Civilian personnel benefits
5
5
6
25.2
Other services
4
4
4
99.0
Direct obligations
20
21
23
99.0
Reimbursable obligations
1
1
1
99.9
Total new obligations, unexpired accounts
21
22
24
Employment Summary
Identification code 073–0200–0–1–376
2017 actual
2018 est.
2019 est.
1001
Direct civilian full-time equivalent employment
101
107
114
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 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0001
Office of Advocacy (Direct)
8
9
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
2
2
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
9
1930
Total budgetary resources available
10
11
11
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
2
2
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
2
2
3
3010
New obligations, unexpired accounts
8
9
9
3020
Outlays (gross)
–8
–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
7
8
8
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
8
8
8
4180
Budget authority, net (total)
9
9
9
4190
Outlays, net (total)
8
8
8
The 2019 Budget proposes $9.1 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
2017 actual
2018 est.
2019 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
6
6
6
12.1
Civilian personnel benefits
1
2
2
25.2
Other services from non-Federal sources
1
1
1
99.9
Total new obligations, unexpired accounts
8
9
9
Employment Summary
Identification code 073–0300–0–1–376
2017 actual
2018 est.
2019 est.
1001
Direct civilian full-time equivalent employment
44
52
52
Entrepreneurial Development Program
For necessary expenses of programs supporting entrepreneurial and small business development, $192,450,000, to remain available
until September 30, 2020: Provided, That $110,000,000 shall be available to fund grants for performance in fiscal year 2019 or fiscal year 2020 as authorized by section 21 of the Small Business Act: Provided further, That not more than 10 percent of the amounts made available in the preceding proviso shall be available
for the Administration to award grants (including contracts and cooperative agreements) to entities described in 15 U.S.C.
648(a)(1) if such entities submit proposals that meet criteria established by the Administration: Provided further, That the
grants (including contracts and cooperative agreements) described in the preceding proviso shall be exempt from the requirements
of 15 U.S.C. 648(a)(4): 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 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0001
Non-Credit Programs
226
243
192
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
8
29
29
1021
Recoveries of prior year unpaid obligations
3
1050
Unobligated balance (total)
11
29
29
Budget authority:
Appropriations, discretionary:
1100
Appropriation
245
243
192
1900
Budget authority (total)
245
243
192
1930
Total budgetary resources available
256
272
221
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
29
29
29
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
204
208
247
3010
New obligations, unexpired accounts
226
243
192
3011
Obligations ("upward adjustments"), expired accounts
1
3020
Outlays (gross)
–214
–204
–210
3040
Recoveries of prior year unpaid obligations, unexpired
–3
3041
Recoveries of prior year unpaid obligations, expired
–6
3050
Unpaid obligations, end of year
208
247
229
Memorandum (non-add) entries:
3100
Obligated balance, start of year
204
208
247
3200
Obligated balance, end of year
208
247
229
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
245
243
192
Outlays, gross:
4010
Outlays from new discretionary authority
52
85
67
4011
Outlays from discretionary balances
162
119
143
4020
Outlays, gross (total)
214
204
210
4180
Budget authority, net (total)
245
243
192
4190
Outlays, net (total)
214
204
210
For 2019, this account supports SBA's core counseling, training and technical assistance programs, including Small Business
Development Centers (SBDC), SCORE, Women's Business Centers, Veterans' Business Outreach Centers, and Microloan technical
assistance, as well as various entrepreneurial development programs and initiatives. These 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. In
2019, the Budget proposes the creation of a competitive set-aside within the SBDC program that would reward those centers
that most efficiently utilize their resources and provide innovative methods to help entrepreneurs.
Object Classification (in millions of dollars)
Identification code 073–0400–0–1–376
2017 actual
2018 est.
2019 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
13
13
13
41.0
Grants, subsidies, and contributions
210
227
176
99.9
Total new obligations, unexpired accounts
226
243
192
Employment Summary
Identification code 073–0400–0–1–376
2017 actual
2018 est.
2019 est.
1001
Direct civilian full-time equivalent employment
24
25
25
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0801
Reimbursable obligations
16
17
17
0900
Total new obligations (object class 42.0)
16
17
17
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
88
91
91
1033
Recoveries of prior year paid obligations
2
1050
Unobligated balance (total)
90
91
91
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
17
17
17
1930
Total budgetary resources available
107
108
108
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
91
91
91
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
3010
New obligations, unexpired accounts
16
17
17
3020
Outlays (gross)
–15
–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
15
17
17
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–19
–17
–17
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
2
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 2019. Therefore,
no new appropriated funds are requested in the Budget.
Business loans program account
(including transfer of funds)
For the cost of direct loans, $4,000,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget
Act of 1974: Provided further, That subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 2019 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 2019 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $30,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That, notwithstanding section 7(a)(23) of the Small Business Act, the Administration may assess fees pursuant
to such section so that the cost of making guarantees under section 7(a) of such Act is less than zero: Provided further, That for fiscal year 2019, section 7(a)(23)(A) of the Small Business Act shall be applied by replacing "0.55
percent" with "0.625 percent": Provided further, That for fiscal year 2019, section 7(a)(18)(A)(iii) of the Small Business
Act shall be applied by adding "but less than $1,000,000" after "$700,000": Provided further, That for fiscal year 2019, section
7(a)(18)(A) of the Small Business Act shall be applied by redesignating clause (iv) of such section as clause (v), and by
inserting the following after clause (iv): "A guarantee fee not to exceed 3.75 percent of the deferred participation share
of a total loan amount that is more than $1,000,000.": Provided further, That during fiscal year 2019 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 $1,000,000,000: Provided further, That during fiscal year 2019 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 2019, 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, $155,150,000 which may be transferred to and merged with the appropriations for Salaries and Expenses.
Note.—A full-year 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
4
4
4
0705
Reestimates of direct loan subsidy
1
2
0706
Interest on reestimates of direct loan subsidy
1
0707
Reestimates of loan guarantee subsidy
520
112
0708
Interest on reestimates of loan guarantee subsidy
117
14
0709
Administrative expenses
153
152
155
0900
Total new obligations, unexpired accounts
796
284
159
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
114
67
22
1001
Discretionary unobligated balance brought fwd, Oct 1
114
67
1021
Recoveries of prior year unpaid obligations
8
10
28
1050
Unobligated balance (total)
122
77
50
Budget authority:
Appropriations, discretionary:
1100
Appropriation
157
156
159
1131
Unobligated balance of appropriations permanently reduced
–55
–55
–50
1160
Appropriation, discretionary (total)
102
101
109
Appropriations, mandatory:
1200
Appropriation
639
128
1900
Budget authority (total)
741
229
109
1930
Total budgetary resources available
863
306
159
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
67
22
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
42
22
60
3010
New obligations, unexpired accounts
796
284
159
3020
Outlays (gross)
–806
–236
–157
3040
Recoveries of prior year unpaid obligations, unexpired
–8
–10
–28
3041
Recoveries of prior year unpaid obligations, expired
–2
3050
Unpaid obligations, end of year
22
60
34
Memorandum (non-add) entries:
3100
Obligated balance, start of year
42
22
60
3200
Obligated balance, end of year
22
60
34
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
102
101
109
Outlays, gross:
4010
Outlays from new discretionary authority
154
99
156
4011
Outlays from discretionary balances
13
9
1
4020
Outlays, gross (total)
167
108
157
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–2
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
2
4070
Budget authority, net (discretionary)
102
101
109
4080
Outlays, net (discretionary)
165
108
157
Mandatory:
4090
Budget authority, gross
639
128
Outlays, gross:
4100
Outlays from new mandatory authority
639
128
4180
Budget authority, net (total)
741
229
109
4190
Outlays, net (total)
804
236
157
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2017 actual
2018 est.
2019 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
44
44
42
115999
Total direct loan levels
44
44
42
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
9.08
8.91
8.77
132999
Weighted average subsidy rate
9.08
8.91
8.77
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
4
4
4
133999
Total subsidy budget authority
4
4
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
1
135011
Intermediary Lending Program
–1
135999
Total direct loan reestimates
–1
1
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
24,012
27,313
30,000
215004
Section 504 Certified Development Companies Debentures
4,715
7,449
7,500
215006
SBIC Debentures
1,960
3,973
4,000
215010
Secondary Market Guarantee
9,301
11,919
12,000
215027
504 Commercial Real Estate (CRE) Refinance Program
271
7,449
1,000
215999
Total loan guarantee levels
40,259
58,103
54,500
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.00
0.00
-.31
232004
Section 504 Certified Development Companies Debentures
0.00
0.00
-.43
232006
SBIC Debentures
0.00
0.00
-.52
232010
Secondary Market Guarantee
0.00
0.00
-.04
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
-.43
232999
Weighted average subsidy rate
0.00
0.00
-.28
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
–93
233004
Section 504 Certified Development Companies Debentures
–32
233006
SBIC Debentures
–21
233010
Secondary Market Guarantee
–5
233027
504 Commercial Real Estate (CRE) Refinance Program
–4
233999
Total subsidy budget authority
–155
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
1
–93
234004
Section 504 Certified Development Companies Debentures
10
7
–26
234006
SBIC Debentures
–21
234010
Secondary Market Guarantee
–5
234027
504 Commercial Real Estate (CRE) Refinance Program
–4
234999
Total subsidy outlays
11
7
–149
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–94
–757
235003
7(a) General Business Loan Guarantees—STAR
–1
–3
235004
Section 504 Certified Development Companies Debentures
–585
–484
235006
SBIC Debentures
–157
–134
235007
SBIC Participating Securities
–40
–90
235008
SBIC New Market Venture Capital
12
7
235010
Secondary Market Guarantee
511
20
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
4
3
235016
ARC Loan Guarantees—ARRA
–1
–1
235017
7(a) General Business Loan Guarantees—ARRA
16
235018
Section 504 Certified Development Companies—ARRA
–30
–12
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–22
–15
235027
504 Commercial Real Estate (CRE) Refinance Program
–22
–27
235028
7(a) Business Loan Guarantees—ARRA Extension
17
1
235999
Total guaranteed loan reestimates
–392
–1,492
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 2019, the Budget proposes $159.2 million in new budget authority for the Business Loans Program account. This includes
$155.2 million in administrative expenses funding and $4.0 million in credit subsidy for the direct Microloan Program to support
a program level of $42.4 million. The SBA's business loan guarantee programs, the 7(a), 504 Certified Development Company
(CDC), 504 Debt Refinancing, and Small Business Investment Company (SBIC) programs, will operate with no subsidy appropriations
in 2019. The Budget supports a program level of $30.0 billion in Section 7(a) loan guarantees that provide general business
credit assistance, while waiving upfront fees on SBA Express loans to Veterans. The Budget also proposes a program level of
$7.5 billion for the guaranteed loan program authorized by Section 503 of the Small Business Investment Act of 1958 for long-term,
fixed-rate financing and a program level of $1.0 billion for purposes of refinancing existing commercial mortgage and equipment
debt authorized by Section 502 (7)(C) of the Small Business Investment Act of 1958. The 2019 Budget continues to support innovative
financial instruments through the SBA's SBIC program by providing up to $4 billion in long-term guaranteed loans to support
venture capital investments in small businesses. In addition, the Budget proposes a $12 billion program level for the Secondary
Market Guarantee (SMG) program, which allows SBA's fiscal agent to pool the guaranteed portion of 7(a) loans and sell the
securities to investors, in turn providing liquidity to participating 7(a) program lenders.
The Budget proposes that SBA introduce counter-cyclical policies to its business loan guarantee programs in 2019 that enable
it to maintain its operations while ensuring that it is not displacing direct private lending. Through an adjustment of fees
across its business loan guarantee programs, the SBA would cover its anticipated lending and offset administrative costs in
2019. To better address unanticipated spikes in lending, Section 521 of the SBA administrative 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. Section 522 of the SBA administrative provisions proposes
a $50 million cancellation of prior year unobligated balances appropriated for business loan subsidy for the 504 CDC program
that are no longer necessary. Additionally, Section 526 of the SBA administrative provisions proposes an increase to the SBA
Express program's loan limit from $350,000 to $1 million, and Section 527 proposes the introduction of an annual fee on SMG
program certificate balances to improve and more efficiently sustain its operations.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2017 actual
2018 est.
2019 est.
Direct obligations:
25.2
Other services from non-Federal sources
153
152
155
41.0
Grants, subsidies, and contributions
643
132
4
99.9
Total new obligations, unexpired accounts
796
284
159
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
44
44
42
0713
Payment of interest to Treasury
5
5
5
0742
Downward reestimates paid to receipt accounts
2
1
0900
Total new obligations, unexpired accounts
51
50
47
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
6
7
1021
Recoveries of prior year unpaid obligations
4
3
3
1023
Unobligated balances applied to repay debt
–5
1050
Unobligated balance (total)
1
9
10
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
43
40
38
Spending authority from offsetting collections, mandatory:
1800
Collected
39
40
38
1801
Change in uncollected payments, Federal sources
–1
1825
Spending authority from offsetting collections applied to repay debt
–25
–32
–32
1850
Spending auth from offsetting collections, mand (total)
13
8
6
1900
Budget authority (total)
56
48
44
1930
Total budgetary resources available
57
57
54
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6
7
7
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
43
41
53
3010
New obligations, unexpired accounts
51
50
47
3020
Outlays (gross)
–49
–35
–34
3040
Recoveries of prior year unpaid obligations, unexpired
–4
–3
–3
3050
Unpaid obligations, end of year
41
53
63
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–4
–3
–3
3070
Change in uncollected pymts, Fed sources, unexpired
1
3090
Uncollected pymts, Fed sources, end of year
–3
–3
–3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
39
38
50
3200
Obligated balance, end of year
38
50
60
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
56
48
44
Financing disbursements:
4110
Outlays, gross (total)
49
35
34
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Subsidy from program account
–4
–4
–4
4120
Upward reestimate
–1
–2
4120
Interest on reestimate
–1
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–31
–29
–29
4123
Other income
–3
–3
4130
Offsets against gross budget authority and outlays (total)
–39
–40
–38
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
1
4160
Budget authority, net (mandatory)
18
8
6
4170
Outlays, net (mandatory)
10
–5
–4
4180
Budget authority, net (total)
18
8
6
4190
Outlays, net (total)
10
–5
–4
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2017 actual
2018 est.
2019 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
44
44
42
1121
Limitation available from carry-forward
8
1143
Unobligated limitation carried forward (P.L. xx) (-)
–8
1150
Total direct loan obligations
44
44
42
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
174
184
187
1231
Disbursements: Direct loan disbursements
41
35
34
1251
Repayments: Repayments and prepayments
–30
–31
–32
1263
Write-offs for default: Write-offs for default
–1
–1
–1
1290
Outstanding, end of year
184
187
188
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2016 actual
2017 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
40
43
Investments in US securities:
1106
Receivables, net
1
1
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
174
184
1405
Allowance for subsidy cost (-)
–13
–13
1499
Net present value of assets related to direct loans
161
171
1999
Total assets
202
215
LIABILITIES:
Federal liabilities:
2103
Debt
201
213
2104
Resources payable to Treasury (Downward Reestimate)
1
2
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
202
215
4999
Total liabilities and net position
202
215
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0005
Other Expenses
35
75
75
Credit program obligations:
0711
Default claim payments on principal
1,054
1,550
1,680
0712
Default claim payments on interest
68
100
100
0713
Payment of interest to Treasury
64
80
80
0740
Negative subsidy obligations
155
0742
Downward reestimates paid to receipt accounts
846
1,397
0743
Interest on downward reestimates
184
219
0791
Direct program activities, subtotal
2,216
3,346
2,015
0900
Total new obligations, unexpired accounts
2,251
3,421
2,090
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
3,475
4,424
3,446
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
228
Spending authority from offsetting collections, mandatory:
1800
Collected
3,048
2,443
2,467
1801
Change in uncollected payments, Federal sources
–18
1825
Spending authority from offsetting collections applied to repay debt
–58
1850
Spending auth from offsetting collections, mand (total)
2,972
2,443
2,467
1900
Budget authority (total)
3,200
2,443
2,467
1930
Total budgetary resources available
6,675
6,867
5,913
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4,424
3,446
3,823
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
27
24
1,477
3010
New obligations, unexpired accounts
2,251
3,421
2,090
3020
Outlays (gross)
–2,254
–1,968
–1,889
3050
Unpaid obligations, end of year
24
1,477
1,678
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–38
–20
–20
3070
Change in uncollected pymts, Fed sources, unexpired
18
3090
Uncollected pymts, Fed sources, end of year
–20
–20
–20
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–11
4
1,457
3200
Obligated balance, end of year
4
1,457
1,658
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
3,200
2,443
2,467
Financing disbursements:
4110
Outlays, gross (total)
2,254
1,968
1,889
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Subsidy from program account
–11
–7
–6
4120
Upward reestimate
–520
–112
4120
Interest on reestimate
–117
–14
4122
Interest on uninvested funds
–93
–90
–90
4123
Fees
–1,378
–1,380
–1,531
4123
Principal
–784
–780
–780
4123
Interest
–63
–60
–60
4123
Sale of Foreclosed Property
–8
4123
Other
–74
4130
Offsets against gross budget authority and outlays (total)
–3,048
–2,443
–2,467
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
18
4160
Budget authority, net (mandatory)
170
4170
Outlays, net (mandatory)
–794
–475
–578
4180
Budget authority, net (total)
170
4190
Outlays, net (total)
–794
–475
–578
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2017 actual
2018 est.
2019 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
58,500
58,103
54,500
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–18,241
2150
Total guaranteed loan commitments
40,259
58,103
54,500
2199
Guaranteed amount of guaranteed loan commitments
33,858
50,794
50,794
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
113,113
121,005
127,012
2231
Disbursements of new guaranteed loans
29,187
28,799
39,854
2251
Repayments and prepayments
–19,804
–21,186
–22,238
Adjustments:
2261
Terminations for default that result in loans receivable
–1,220
–1,249
–1,254
2263
Terminations for default that result in claim payments
–271
–357
–358
2264
Other adjustments, net
2290
Outstanding, end of year
121,005
127,012
143,016
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
99,512
104,453
117,615
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
4,201
3,710
3,778
2331
Disbursements for guaranteed loan claims
1,008
1,320
1,326
2351
Repayments of loans receivable
–693
–376
–452
2361
Write-offs of loans receivable
–907
–876
–889
2364
Other adjustments, net
101
2390
Outstanding, end of year
3,710
3,778
3,763
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2016 actual
2017 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
3,465
4,429
Investments in US securities:
1106
Receivables, net
645
135
1206
Non-Federal assets: Receivables, net
158
99
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
4,201
3,710
1504
Foreclosed property
17
9
1505
Allowance for subsidy cost (-)
–3,299
–2,829
1599
Net present value of assets related to defaulted guaranteed loans
919
890
1999
Total assets
5,187
5,553
LIABILITIES:
Federal liabilities:
2103
Debt
1,727
1,897
2105
Other
1,071
1,087
Non-Federal liabilities:
2201
Accounts payable
18
13
2204
Liabilities for loan guarantees
2,371
2,556
2999
Total liabilities
5,187
5,553
4999
Total liabilities and net position
5,187
5,553
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0005
Guaranteed loan default claims
3
0006
Interest to UST
1
1
0007
Other Expenses
1
1
0600
Direct program activities, subtotal
3
2
2
0900
Total new obligations, unexpired accounts (object class 33.0)
3
2
2
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
3
2
2
Spending authority from offsetting collections, mandatory:
1800
Collected
2
3
3
1820
Capital transfer of spending authority from offsetting collections to general fund
–2
–3
–3
1900
Budget authority (total)
3
2
2
1930
Total budgetary resources available
3
2
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
3
3
3010
New obligations, unexpired accounts
3
2
2
3020
Outlays (gross)
–1
–2
3050
Unpaid obligations, end of year
3
3
5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
3
3
3200
Obligated balance, end of year
3
3
5
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
3
2
2
Outlays, gross:
4100
Outlays from new mandatory authority
2
4101
Outlays from mandatory balances
1
4110
Outlays, gross (total)
1
2
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–2
–3
–3
4180
Budget authority, net (total)
1
–1
–1
4190
Outlays, net (total)
–1
–1
–3
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2017 actual
2018 est.
2019 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
5
5
3
1251
Repayments: Repayments and prepayments
–1
–1
1263
Write-offs for default: Write-offs for default
–1
–1
1290
Outstanding, end of year
5
3
1
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2017 actual
2018 est.
2019 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
1
1
1
2251
Repayments and prepayments
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
11
2
2
2331
Disbursements for guaranteed loan claims
2351
Repayments of loans receivable
2361
Write-offs of loans receivable
–1
2364
Other adjustments, net
–8
2390
Outstanding, end of year
2
2
2
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2016 actual
2017 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1
3
1206
Non-Federal assets: Receivables, net
2
1601
Direct loans, gross
5
5
1603
Allowance for estimated uncollectible loans and interest (-)
–2
–3
1699
Value of assets related to direct loans
3
2
1701
Defaulted guaranteed loans, gross
11
2
1703
Allowance for estimated uncollectible loans and interest (-)
–3
–2
1799
Value of assets related to loan guarantees
8
1801
Other Federal assets: Cash and other monetary assets
2
1999
Total assets
14
7
LIABILITIES:
Federal liabilities:
2102
Interest payable
2
2104
Resources payable to Treasury
13
4
2201
Non-Federal liabilities: Accounts payable
1
1
2999
Total liabilities
14
7
4999
Total liabilities and net position
14
7
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 2018 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
budget assumes this account is operating under the Continuing Appropriations Act, 2018 (Division D of P.L. 115–56, as amended).
The amounts included for 2018 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2017 actual
2018 est.
2019 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
187
138
135
0705
Reestimates of direct loan subsidy
8
8
0706
Interest on reestimates of direct loan subsidy
2
4
0709
Administrative expenses
385
185
186
0900
Total new obligations, unexpired accounts
582
335
321
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
568
688
590
1001
Discretionary unobligated balance brought fwd, Oct 1
568
688
1021
Recoveries of prior year unpaid obligations
56
40
40
1050
Unobligated balance (total)
624
728
630
Budget authority:
Appropriations, discretionary:
1100
Appropriation
186
27
27
1100
Appropriation-Discretionary, Disaster Relief pursuant to 2011 Budget Control Act, Appropriations Committee
450
158
159
1160
Appropriation, discretionary (total)
636
185
186
Appropriations, mandatory:
1200
Appropriation
10
12
1900
Budget authority (total)
646
197
186
1930
Total budgetary resources available
1,270
925
816
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
688
590
495
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
103
114
62
3010
New obligations, unexpired accounts
582
335
321
3020
Outlays (gross)
–515
–347
–311
3040
Recoveries of prior year unpaid obligations, unexpired
–56
–40
–40
3050
Unpaid obligations, end of year
114
62
32
Memorandum (non-add) entries:
3100
Obligated balance, start of year
103
114
62
3200
Obligated balance, end of year
114
62
32
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
636
185
186
Outlays, gross:
4010
Outlays from new discretionary authority
385
185
186
4011
Outlays from discretionary balances
120
150
125
4020
Outlays, gross (total)
505
335
311
Mandatory:
4090
Budget authority, gross
10
12
Outlays, gross:
4100
Outlays from new mandatory authority
10
12
4180
Budget authority, net (total)
646
197
186
4190
Outlays, net (total)
515
347
311
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2017 actual
2018 est.
2019 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
1,297
1,100
1,100
115999
Total direct loan levels
1,297
1,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
14.42
12.54
12.29
132999
Weighted average subsidy rate
14.42
12.54
12.29
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
187
138
135
133999
Total subsidy budget authority
187
138
135
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
120
76
88
134999
Total subsidy outlays
120
76
88
Direct loan reestimates:
135001
Disaster Assistance Loans
–155
–112
135002
Economic Injury Disaster Loans—Terrorist Attack
–3
–2
135999
Total direct loan reestimates
–158
–114
Administrative expense data:
3510
Budget authority
385
184
184
3590
Outlays from new authority
385
184
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 2019, the Budget supports $1.1 billion in loans, the ten-year normalized average for such loans. The Budget requests $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.
Object Classification (in millions of dollars)
Identification code 073–1152–0–1–453
2017 actual
2018 est.
2019 est.
Direct obligations:
25.2
Other services from non-Federal sources
385
185
186
41.0
Grants, subsidies, and contributions
197
150
135
99.9
Total new obligations, unexpired accounts
582
335
321
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2017 actual
2018 est.
2019 est.
Obligations by program activity:
0003
Other
16
25
25
Credit program obligations:
0710
Direct loan obligations
1,297
1,100
1,100
0713
Payment of interest to Treasury
248
350
350
0742
Downward reestimates paid to receipt accounts
116
82
0743
Interest on downward reestimates
51
45
0791
Direct program activities, subtotal
1,712
1,577
1,450
0900
Total new obligations, unexpired accounts
1,728
1,602
1,475
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
411
126
312
1021
Recoveries of prior year unpaid obligations
460
99
99
1023
Unobligated balances applied to repay debt
–650
1050
Unobligated balance (total)
221
225
411
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
1,278
1,089
965
Spending authority from offsetting collections, mandatory:
1800
Collected
1,069
1,500
1,500
1801
Change in uncollected payments, Federal sources
12
1820
Capital transfer of spending authority from offsetting collections to general fund
–900
–900
1825
Spending authority from offsetting collections applied to repay debt
–726
1850
Spending auth from offsetting collections, mand (total)
355
600
600
1900
Budget authority (total)
1,633
1,689
1,565
1930
Total budgetary resources available
1,854
1,914
1,976
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
126
312
501
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
856
805
795
3010
New obligations, unexpired accounts
1,728
1,602
1,475
3020
Outlays (gross)
–1,319
–1,513
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–460
–99
–99
3050
Unpaid obligations, end of year
805
795
658
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–103
–115
–115
3070
Change in uncollected pymts, Fed sources, unexpired
–12
3090
Uncollected pymts, Fed sources, end of year
–115
–115
–115
Memorandum (non-add) entries:
3100
Obligated balance, start of year
753
690
680
3200
Obligated balance, end of year
690
680
543
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
1,633
1,689
1,565
Financing disbursements:
4110
Outlays, gross (total)
1,319
1,513
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–120
–76
–88
4120
Upward reestimate
–8
–8
4120
Interest on upward reestimate
–2
–4
4122
Interest income from Treasury
–61
–230
–230
4123
Repayments of principal, net
–878
–1,182
–1,182
4130
Offsets against gross budget authority and outlays (total)
–1,069
–1,500
–1,500
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–12
4160
Budget authority, net (mandatory)
552
189
65
4170
Outlays, net (mandatory)
250
13
13
4180
Budget authority, net (total)
552
189
65
4190
Outlays, net (total)
250
13
13
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2017 actual
2018 est.
2019 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
4,188
4,188
4,188
1143
Unobligated limitation carried forward (P.L. xx) (-)
–2,891
–3,088
–3,088
1150
Total direct loan obligations
1,297
1,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
6,027
6,191
6,316
1231
Disbursements: Direct loan disbursements
888
712
1,032
1251
Repayments: Repayments and prepayments
–638
–500
–490
Write-offs for default:
1263
Direct loans
–85
–87
–89
1264
Other adjustments, net (+ or -)
–1
1290
Outstanding, end of year
6,191
6,316
6,769
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2016 actual
2017 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1,174
417
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
6,027
6,191
1405
Allowance for subsidy cost (-)
–937
–896
1499
Net present value of assets related to direct loans
5,090
5,295
1999
Total assets
6,264
5,712
LIABILITIES:
Federal liabilities:
2103
Debt
6,260
5,709
2105
Other
4
3
2999
Total liabilities
6,264
5,712
4999
Total liabilities and net position
6,264
5,712
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2017 actual
2018 est.
2019 est.
Budgetary resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
1
1
1
1820
Capital transfer of spending authority from offsetting collections to general fund
–1
–1
–1
Budget authority and outlays, net:
Mandatory:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–1
–1
–1
4180
Budget authority, net (total)
–1
–1
–1
4190
Outlays, net (total)
–1
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4153–0–3–453
2017 actual
2018 est.
2019 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
2
2
2
1290
Outstanding, end of year
2
2
2
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2016 actual
2017 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1601
Direct loans, net
2
2
1603
Allowance for estimated uncollectible loans and interest (-)
1699
Value of assets related to direct loans
2
2
1999
Total assets
2
2
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
2
2
4999
Total liabilities and net position
2
2
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2017 actual
2018 est.
2019 est.
Offsetting receipts from the public:
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
168
126
073–272210
Business Loan Program, Negative Subsidies
155
073–272230
Business Loan Program, Downward Reestimates of Subsidies
1,033
1,617
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
–1
General Fund Offsetting receipts from the public
1,200
1,743
155
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.SEC. 522. Of the unobligated balances from prior year appropriations available under the "Business Loans Program Account" heading for
the Certified Development Company Program, $50,000,000 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 a concurrent resolution
on the budget or the Balanced Budget and Emergency Deficit Control Act of 1985. SEC. 523. REPEAL OF CERTAIN DISASTER AND BUSINESS LOAN PROGRAM AUTHORITIES. (a) Section 42 of the Small Business Act (15 U.S.C. 657n) is repealed.
(b) Section 7(c) of the Small Business Act (15 U.S.C. 636(c)) is repealed.
(c) Section 12085 of Public Law 110–246 is repealed.
(d) Section 7(a)(31)(H) of the Small Business Act (15 U.S.C. 636(a)(31)(H)) is repealed.
SEC. 524. AMENDMENTS TO 7(m) MICROLOAN PROGRAM.(a) Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended—
(1) in subparagraph (4)(E) by striking ''25 percent'' in clauses (i) and (ii) and inserting ''50 percent'';
(2) in paragraph (7), by striking subparagraph (B); and
(3) in paragraph (11), by—
(A) striking "; or" and inserting "." in subclause (A)(iv)(II); and
(B) striking "," and inserting "; or" in clause (A)(v).
SEC. 525. 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 inserting "; 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.".
SEC. 526. INCREASED EXPRESS LOAN LIMIT.—Section 7(a)(31)(D) of the Small Business Act (15 U.S.C. 636(a)(31)(D)) is amended by striking
"$350,000" and inserting "$1,000,000". SEC. 527. CHANGES TO 7(a) SECONDARY MARKET FEE PROVISIONS. (a) Section 5(g)(2) of the Small Business Act is amended by:
(1) renumbering the current paragraph as subparagraph (A); and
(2) adding a new subparagraph (B) to read as follows:"(B) With respect to the Administration's guarantee of the timely payment
of the principal and interest on the trust certificates issued under this subsection, the Administration may assess, collect,
and retain an annual fee, in an amount established once annually by the Administration in the Administration's budget request
to Congress, not to exceed 0.05 percent per year of the outstanding balance of such trust certificates. The fee shall, at
a minimum, offset the cost (as that term is defined in section 502 of the Federal Credit Reform Act of 1990) to the Administration
of such guarantee, and any amounts received that exceed the cost of the timely payment guarantee shall be maintained in accordance
with the Federal Credit Reform Act. The fee shall be payable solely by the holders of such trust certificates and shall not
be charged to any borrower whose loan is represented in the secondary market. The Administration may contract with an agent
to carry out, on behalf of the Administration, the assessment and collection of this fee. The fee shall be deducted from the
amounts otherwise payable to such holders of the trust certificates."