[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, $272,157,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight
activities: 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 2020: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
2021.
Note.—A full-year 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0001
Executive direction
72
66
71
0002
Capital Access
79
81
82
0003
Gov. Contracting/Bus. Development
29
28
29
0004
Entrepreneurial Development
8
12
13
0005
Chief Operating Office
28
26
27
0006
Office of Chief Information Officer
51
37
37
0007
Regional & district offices
96
99
100
0008
Agency wide costs
54
67
68
0009
Non credit programs
3
3
3
0012
Disaster
551
177
0013
Investment & Innovation
22
16
17
0014
International Trade
6
6
7
0900
Total new obligations, unexpired accounts
999
441
631
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
389
458
458
1021
Recoveries of prior year unpaid obligations
10
1033
Recoveries of prior year paid obligations
1
1050
Unobligated balance (total)
400
458
458
Budget authority:
Appropriations, discretionary:
1100
Appropriation
269
269
272
1120
Appropriations transferred to other acct [073–1159]
–2
1160
Appropriation, discretionary (total)
269
269
270
Spending authority from offsetting collections, discretionary:
1700
Collected
618
177
1700
Collected
172
172
175
1750
Spending auth from offsetting collections, disc (total)
790
172
352
1900
Budget authority (total)
1,059
441
622
1930
Total budgetary resources available
1,459
899
1,080
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
1941
Unexpired unobligated balance, end of year
458
458
449
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
168
192
55
3010
New obligations, unexpired accounts
999
441
631
3011
Obligations ("upward adjustments"), expired accounts
5
3020
Outlays (gross)
–962
–578
–607
3040
Recoveries of prior year unpaid obligations, unexpired
–10
3041
Recoveries of prior year unpaid obligations, expired
–8
3050
Unpaid obligations, end of year
192
55
79
Memorandum (non-add) entries:
3100
Obligated balance, start of year
168
192
55
3200
Obligated balance, end of year
192
55
79
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
1,059
441
622
Outlays, gross:
4010
Outlays from new discretionary authority
847
290
426
4011
Outlays from discretionary balances
115
288
181
4020
Outlays, gross (total)
962
578
607
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–772
–154
–333
4033
Non-Federal sources
–20
–19
–19
4040
Offsets against gross budget authority and outlays (total)
–792
–173
–352
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
1
1
4053
Recoveries of prior year paid obligations, unexpired accounts
1
4060
Additional offsets against budget authority only (total)
2
1
4070
Budget authority, net (discretionary)
269
269
270
4080
Outlays, net (discretionary)
170
405
255
4180
Budget authority, net (total)
269
269
270
4190
Outlays, net (total)
170
405
255
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 2020 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 and enterprise-wide technology modernization initiatives
including hardware, software and application standardization, mobile shared services implementation, security vulnerability
reduction, and infrastructure upgrades. In 2020, the Budget includes $6 million to upgrade SBA's existing headquarters space
pursuant to the approved prospectus for the GSA replacement of the current lease. It also supports $2.5 million for further
systems development needed to implement the Women-Owned Small Business Certification Program, and $2.5 million to conduct
a comprehensive evaluation of the Small Business Investment Company (SBIC) program and develop a plan to ensure that SBICs
provide innovative and modern financial services to American small businesses.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2018 actual
2019 est.
2020 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
193
207
212
11.3
Other than full-time permanent
5
6
6
11.5
Other personnel compensation
5
4
4
11.8
Special personal services payments
2
2
11.9
Total personnel compensation
203
219
224
12.1
Civilian personnel benefits
69
70
71
21.0
Travel and transportation of persons
5
5
5
23.1
Rental payments to GSA
36
42
44
23.3
Communications, utilities, and miscellaneous charges
9
7
7
24.0
Printing and reproduction
1
1
25.1
Advisory and assistance services
1
1
25.2
Other services from non-Federal sources
113
49
49
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
551
23
205
25.4
Operation and maintenance of facilities
3
3
25.7
Operation and maintenance of equipment
13
13
26.0
Supplies and materials
2
3
3
31.0
Equipment
6
2
2
41.0
Grants, subsidies, and contributions
5
3
3
99.9
Total new obligations, unexpired accounts
999
441
631
Employment Summary
Identification code 073–0100–0–1–376
2018 actual
2019 est.
2020 est.
1001
Direct civilian full-time equivalent employment
5,470
3,115
3,079
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 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0001
Audit
8
9
10
0002
Investigations
12
11
12
0003
Management and Operations
1
2
2
0004
Immediate office and Counsel
1
1
1
0900
Total new obligations, unexpired accounts
22
23
25
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
9
6
Budget authority:
Appropriations, discretionary:
1100
Appropriation
27
20
22
Spending authority from offsetting collections, discretionary:
1700
Collected
2
1900
Budget authority (total)
27
20
24
1930
Total budgetary resources available
31
29
30
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
9
6
5
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3
4
3010
New obligations, unexpired accounts
22
23
25
3020
Outlays (gross)
–22
–22
–25
3050
Unpaid obligations, end of year
3
4
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3
4
3200
Obligated balance, end of year
3
4
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
27
20
24
Outlays, gross:
4010
Outlays from new discretionary authority
19
18
22
4011
Outlays from discretionary balances
3
4
3
4020
Outlays, gross (total)
22
22
25
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–2
4180
Budget authority, net (total)
27
20
22
4190
Outlays, net (total)
22
22
23
The 2020 Budget proposes $21.9 million in new budget authority and $1.6 million transferred from the Disaster Loans Program
account for a total of $23.5 million for the Office of Inspector General. 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
2018 actual
2019 est.
2020 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
12
13
13
12.1
Civilian personnel benefits
5
5
6
25.2
Other services
4
4
4
99.0
Direct obligations
21
22
23
99.0
Reimbursable obligations
1
1
2
99.9
Total new obligations, unexpired accounts
22
23
25
Employment Summary
Identification code 073–0200–0–1–376
2018 actual
2019 est.
2020 est.
1001
Direct civilian full-time equivalent employment
107
114
118
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 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0001
Office of Advocacy (Direct)
9
9
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
2
2
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
9
1930
Total budgetary resources available
11
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
1
1
3010
New obligations, unexpired accounts
9
9
9
3020
Outlays (gross)
–10
–8
–8
3050
Unpaid obligations, end of year
1
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
3200
Obligated balance, end of year
1
2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
9
9
9
Outlays, gross:
4010
Outlays from new discretionary authority
9
8
8
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
10
8
8
4180
Budget authority, net (total)
9
9
9
4190
Outlays, net (total)
10
8
8
The 2020 Budget proposes $9.1 million in new budget authority for 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
2018 actual
2019 est.
2020 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
2018 actual
2019 est.
2020 est.
1001
Direct civilian full-time equivalent employment
47
52
52
Entrepreneurial Development Program
For necessary expenses of programs supporting entrepreneurial and small business development, $180,650,000, to remain available until September 30, 2021: Provided, That $101,000,000 shall be available to fund grants for performance in fiscal year 2020 or fiscal year 2021 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 $8,000,000 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 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0001
Non-Credit Programs
248
247
181
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
29
30
30
1021
Recoveries of prior year unpaid obligations
4
1050
Unobligated balance (total)
33
30
30
Budget authority:
Appropriations, discretionary:
1100
Appropriation
247
247
181
1900
Budget authority (total)
247
247
181
1930
Total budgetary resources available
280
277
211
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
1941
Unexpired unobligated balance, end of year
30
30
30
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
207
224
266
3010
New obligations, unexpired accounts
248
247
181
3011
Obligations ("upward adjustments"), expired accounts
4
3020
Outlays (gross)
–222
–205
–204
3040
Recoveries of prior year unpaid obligations, unexpired
–4
3041
Recoveries of prior year unpaid obligations, expired
–9
3050
Unpaid obligations, end of year
224
266
243
Memorandum (non-add) entries:
3100
Obligated balance, start of year
207
224
266
3200
Obligated balance, end of year
224
266
243
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
247
247
181
Outlays, gross:
4010
Outlays from new discretionary authority
54
86
63
4011
Outlays from discretionary balances
168
119
141
4020
Outlays, gross (total)
222
205
204
4180
Budget authority, net (total)
247
247
181
4190
Outlays, net (total)
222
205
204
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 (VBOC), 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
initiatives, such as the HubZone Program and other outreach and contracting activities. In 2020, 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
2018 actual
2019 est.
2020 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
3
3
12.1
Civilian personnel benefits
1
1
1
25.2
Other services from non-Federal sources
19
18
14
41.0
Grants, subsidies, and contributions
226
225
163
99.9
Total new obligations, unexpired accounts
248
247
181
Employment Summary
Identification code 073–0400–0–1–376
2018 actual
2019 est.
2020 est.
1001
Direct civilian full-time equivalent employment
19
25
25
Information Technology System Modernization and Working Capital Fund
Program and Financing (in millions of dollars)
Identification code 073–1159–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0001
Direct program activity
2
0100
Direct program activities, subtotal
2
0900
Total new obligations, unexpired accounts (object class 31.0)
2
Budgetary resources:
Budget authority:
Appropriations, discretionary:
1121
Appropriations transferred from other acct [073–0100]
2
1930
Total budgetary resources available
2
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
2
3020
Outlays (gross)
–1
3050
Unpaid obligations, end of year
1
Memorandum (non-add) entries:
3200
Obligated balance, end of year
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
2
Outlays, gross:
4010
Outlays from new discretionary authority
1
4180
Budget authority, net (total)
2
4190
Outlays, net (total)
1
As authorized by Section 1077(b)(1) of title X of division A of the National Defense Authorization Act for Fiscal Year 2018,
this account provides financial resources for long-term system modernization projects. In 2020, it will create greater efficiencies
for SBA's management of long-term systems projects such as a Customer Relationship Management platform, development of cloud
shared services, and an Identify, Credential, and Access Management (ICAM) solution.
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0801
Reimbursable obligations
18
18
18
0900
Total new obligations, unexpired accounts (object class 42.0)
18
18
18
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
92
97
97
1033
Recoveries of prior year paid obligations
2
1050
Unobligated balance (total)
94
97
97
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
21
18
18
1930
Total budgetary resources available
115
115
115
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
97
97
97
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
18
18
18
3020
Outlays (gross)
–18
–18
–18
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
21
18
18
Outlays, gross:
4010
Outlays from new discretionary authority
18
18
4011
Outlays from discretionary balances
18
4020
Outlays, gross (total)
18
18
18
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–23
–18
–18
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
2
4080
Outlays, net (discretionary)
–5
4180
Budget authority, net (total)
4190
Outlays, net (total)
–5
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 2020. 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 2020 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 2020 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 during fiscal year 2020 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 2020 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 2020, 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 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
3
3
4
0705
Reestimates of direct loan subsidy
2
1
0706
Interest on reestimates of direct loan subsidy
1
0707
Reestimates of loan guarantee subsidy
112
60
0708
Interest on reestimates of loan guarantee subsidy
14
23
0709
Administrative expenses
153
153
155
0900
Total new obligations, unexpired accounts
284
241
159
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
67
78
83
1001
Discretionary unobligated balance brought fwd, Oct 1
67
78
1021
Recoveries of prior year unpaid obligations
11
5
3
1050
Unobligated balance (total)
78
83
86
Budget authority:
Appropriations, discretionary:
1100
Appropriation
156
156
159
Appropriations, mandatory:
1200
Appropriation
128
85
1900
Budget authority (total)
284
241
159
1930
Total budgetary resources available
362
324
245
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
78
83
86
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
22
8
4
3010
New obligations, unexpired accounts
284
241
159
3020
Outlays (gross)
–287
–240
–160
3040
Recoveries of prior year unpaid obligations, unexpired
–11
–5
–3
3050
Unpaid obligations, end of year
8
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
22
8
4
3200
Obligated balance, end of year
8
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
156
156
159
Outlays, gross:
4010
Outlays from new discretionary authority
154
153
156
4011
Outlays from discretionary balances
5
2
4
4020
Outlays, gross (total)
159
155
160
Mandatory:
4090
Budget authority, gross
128
85
Outlays, gross:
4100
Outlays from new mandatory authority
128
85
4180
Budget authority, net (total)
284
241
159
4190
Outlays, net (total)
287
240
160
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2018 actual
2019 est.
2020 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
36
36
40
115999
Total direct loan levels
36
36
40
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
8.91
8.77
9.29
132999
Weighted average subsidy rate
8.91
8.77
9.29
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
3
3
4
133999
Total subsidy budget authority
3
3
4
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
3
3
3
134999
Total subsidy outlays
3
3
3
Direct loan reestimates:
135001
7(m) Direct Microloans
1
135010
7(m) Direct Microloans — ARRA
–1
135999
Total direct loan reestimates
1
–1
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
23,866
29,000
30,000
215004
Section 504 Certified Development Companies Debentures
4,593
7,500
7,500
215006
SBIC Debentures
2,522
4,000
4,000
215010
Secondary Market Guarantee
7,999
12,000
12,000
215027
504 Commercial Real Estate (CRE) Refinance Program
150
7,500
1,000
215999
Total loan guarantee levels
39,130
60,000
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
–93
234004
Section 504 Certified Development Companies Debentures
2
6
–26
234006
SBIC Debentures
–21
234010
Secondary Market Guarantee
–5
234027
504 Commercial Real Estate (CRE) Refinance Program
–4
234999
Total subsidy outlays
2
6
–149
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–757
–143
235003
7(a) General Business Loan Guarantees—STAR
–3
–1
235004
Section 504 Certified Development Companies Debentures
–484
–344
235006
SBIC Debentures
–134
–109
235007
SBIC Participating Securities
–90
–97
235008
SBIC New Market Venture Capital
7
–10
235010
Secondary Market Guarantee
20
–41
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
3
–5
235016
ARC Loan Guarantees—ARRA
–1
–1
235017
7(a) General Business Loan Guarantees—ARRA
3
235018
Section 504 Certified Development Companies—ARRA
–12
–2
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–15
–7
235027
504 Commercial Real Estate (CRE) Refinance Program
–27
–17
235028
7(a) Business Loan Guarantees—ARRA Extension
1
7
235999
Total guaranteed loan reestimates
–1,492
–767
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 2020, 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 $40 million. The 2020 Budget requests no subsidy appropriation for SBA's business loan guarantee programs,
the 7(a), 504 Certified Development Company (CDC), 504 Debt Refinancing, and Small Business Investment Company (SBIC) programs.
The Budget supports a program level of $30 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 2020 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 supports 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 2020 by enabling
it to adjust fees to cover its anticipated lending and offset administrative costs. In the absence of this flexibility to
adjust fees, the 7(a) program will not be able to operate at zero subsidy under current law in 2020. The Budget also proposes
to increase the loan limit for SBA Express loans and loans to small manufacturers, and to introduce an annual fee on trust
certificate holders to help cover the costs of improving and maintaining the SMG program.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2018 actual
2019 est.
2020 est.
Direct obligations:
25.3
Other goods and services from Federal sources
153
153
155
41.0
Grants, subsidies, and contributions
131
88
4
99.9
Total new obligations, unexpired accounts
284
241
159
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
36
36
40
0713
Payment of interest to Treasury
5
5
5
0742
Downward reestimates paid to receipt accounts
1
3
0743
Interest on downward reestimates
1
0900
Total new obligations, unexpired accounts
42
45
45
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
5
4
5
1021
Recoveries of prior year unpaid obligations
2
3
3
1023
Unobligated balances applied to repay debt
–5
1050
Unobligated balance (total)
2
7
8
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
34
38
38
Spending authority from offsetting collections, mandatory:
1800
Collected
44
37
38
1825
Spending authority from offsetting collections applied to repay debt
–34
–32
–32
1850
Spending auth from offsetting collections, mand (total)
10
5
6
1900
Budget authority (total)
44
43
44
1930
Total budgetary resources available
46
50
52
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4
5
7
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
42
38
46
3010
New obligations, unexpired accounts
42
45
45
3020
Outlays (gross)
–44
–34
–34
3040
Recoveries of prior year unpaid obligations, unexpired
–2
–3
–3
3050
Unpaid obligations, end of year
38
46
54
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–4
–4
–4
3090
Uncollected pymts, Fed sources, end of year
–4
–4
–4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
38
34
42
3200
Obligated balance, end of year
34
42
50
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
44
43
44
Financing disbursements:
4110
Outlays, gross (total)
44
34
34
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Subsidy from program account
–3
–3
–4
4120
Upward reestimate
–2
–1
4120
Interest on reestimate
–1
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–37
–29
–29
4123
Other income
–1
–3
4130
Offsets against gross budget authority and outlays (total)
–44
–37
–38
4160
Budget authority, net (mandatory)
6
6
4170
Outlays, net (mandatory)
–3
–4
4180
Budget authority, net (total)
6
6
4190
Outlays, net (total)
–3
–4
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2018 actual
2019 est.
2020 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
36
36
40
1121
Limitation available from carry-forward
16
1143
Unobligated limitation carried forward (P.L. xx) (-)
–16
1150
Total direct loan obligations
36
36
40
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
184
191
192
1231
Disbursements: Direct loan disbursements
38
32
32
1251
Repayments: Repayments and prepayments
–32
–30
–32
1263
Write-offs for default: Direct loans
–1
–1
–1
1264
Other adjustments, net (+ or -)
2
1290
Outstanding, end of year
191
192
191
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2017 actual
2018 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
43
38
Investments in U.S. securities:
1106
Receivables, net
1
1
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
184
191
1405
Allowance for subsidy cost (-)
–13
–20
1499
Net present value of assets related to direct loans
171
171
1999
Total assets
215
210
LIABILITIES:
Federal liabilities:
2103
Debt
213
209
2104
Resources payable to Treasury (Downward Reestimate)
2
1
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
215
210
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
215
210
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0005
Other Expenses
33
75
75
Credit program obligations:
0711
Default claim payments on principal
1,032
1,680
1,680
0712
Default claim payments on interest
59
100
100
0713
Payment of interest to Treasury
67
80
80
0740
Negative subsidy obligations
155
0742
Downward reestimates paid to receipt accounts
1,397
688
0743
Interest on downward reestimates
219
161
0791
Direct program activities, subtotal
2,774
2,709
2,015
0900
Total new obligations, unexpired accounts
2,807
2,784
2,090
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4,424
4,257
4,348
1023
Unobligated balances applied to repay debt
–203
1050
Unobligated balance (total)
4,221
4,257
4,348
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
256
306
356
Spending authority from offsetting collections, mandatory:
1800
Collected
2,600
2,569
2,586
1801
Change in uncollected payments, Federal sources
–13
1850
Spending auth from offsetting collections, mand (total)
2,587
2,569
2,586
1900
Budget authority (total)
2,843
2,875
2,942
1930
Total budgetary resources available
7,064
7,132
7,290
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
4,257
4,348
5,200
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
25
24
919
3010
New obligations, unexpired accounts
2,807
2,784
2,090
3020
Outlays (gross)
–2,808
–1,889
–1,889
3050
Unpaid obligations, end of year
24
919
1,120
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–20
–7
–7
3070
Change in uncollected pymts, Fed sources, unexpired
13
3090
Uncollected pymts, Fed sources, end of year
–7
–7
–7
Memorandum (non-add) entries:
3100
Obligated balance, start of year
5
17
912
3200
Obligated balance, end of year
17
912
1,113
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2,843
2,875
2,942
Financing disbursements:
4110
Outlays, gross (total)
2,808
1,889
1,889
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Subsidy from program account
–2
–6
–6
4120
Upward reestimate
–112
–60
4120
Interest on reestimate
–14
–23
4122
Interest on uninvested funds
–89
–90
–90
4123
Fees
–1,418
–1,420
–1,520
4123
Principal
–868
–870
–870
4123
Interest
–68
–70
–70
4123
Sale of Foreclosed Property
–3
4123
Other
–26
–30
–30
4130
Offsets against gross budget authority and outlays (total)
–2,600
–2,569
–2,586
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
13
4160
Budget authority, net (mandatory)
256
306
356
4170
Outlays, net (mandatory)
208
–680
–697
4180
Budget authority, net (total)
256
306
356
4190
Outlays, net (total)
208
–680
–697
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2018 actual
2019 est.
2020 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
60,000
60,000
54,500
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–20,870
2150
Total guaranteed loan commitments
39,130
60,000
54,500
2199
Guaranteed amount of guaranteed loan commitments
32,796
50,794
50,794
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
121,005
128,765
141,335
2231
Disbursements of new guaranteed loans
29,432
35,976
40,814
2251
Repayments and prepayments
–20,195
–21,490
–23,588
Adjustments:
2261
Terminations for default that result in loans receivable
–1,246
–1,550
–1,792
2263
Terminations for default that result in claim payments
–238
–366
–416
2264
Other adjustments, net
7
2290
Outstanding, end of year
128,765
141,335
156,353
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
105,574
115,881
128,219
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
3,710
3,228
3,615
2331
Disbursements for guaranteed loan claims
992
1,570
1,786
2351
Repayments of loans receivable
–699
–379
–495
2361
Write-offs of loans receivable
–788
–804
–905
2364
Other adjustments, net
13
2390
Outstanding, end of year
3,228
3,615
4,001
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2017 actual
2018 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
4,429
4,274
Investments in U.S. securities:
1106
Receivables, net
135
145
1206
Non-Federal assets: Receivables, net
99
90
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
3,710
3,228
1502
Interest receivable
1504
Foreclosed property
9
14
1505
Allowance for subsidy cost (-)
–2,829
–2,423
1599
Net present value of assets related to defaulted guaranteed loans
890
819
1999
Total assets
5,553
5,328
LIABILITIES:
Federal liabilities:
2103
Debt
1,897
1,950
2105
Other
1,087
703
Non-Federal liabilities:
2201
Accounts payable
13
12
2204
Liabilities for loan guarantees
2,556
2,663
2999
Total liabilities
5,553
5,328
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
5,553
5,328
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0006
Interest to UST
1
1
1
0007
Other Expenses
1
1
0600
Direct program activities, subtotal
1
2
2
0900
Total new obligations, unexpired accounts (object class 43.0)
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
3
1
1
3010
New obligations, unexpired accounts
1
2
2
3020
Outlays (gross)
–3
–2
–2
3050
Unpaid obligations, end of year
1
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
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
3
4110
Outlays, gross (total)
3
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)
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2018 actual
2019 est.
2020 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
5
4
2
1251
Repayments: Repayments and prepayments
–1
–1
1263
Write-offs for default: Direct loans
–1
–1
–1
1290
Outstanding, end of year
4
2
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2018 actual
2019 est.
2020 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
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
2
1
1
2331
Disbursements for guaranteed loan claims
2351
Repayments of loans receivable
–1
2361
Write-offs of loans receivable
2364
Other adjustments, net
2390
Outstanding, end of year
1
1
1
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2017 actual
2018 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
3
1
1206
Non-Federal assets: Receivables, net
2
1601
Direct loans, gross
5
4
1602
Interest receivable
1603
Allowance for estimated uncollectible loans and interest (-)
–3
–7
1606
Foreclosed property
4
1699
Value of assets related to direct loans
2
1
1701
Defaulted guaranteed loans, gross
2
1
1703
Allowance for estimated uncollectible loans and interest (-)
–2
1799
Value of assets related to loan guarantees
1
1801
Other Federal assets: Cash and other monetary assets
2
1999
Total assets
7
5
LIABILITIES:
Federal liabilities:
2102
Interest payable
2
1
2104
Resources payable to Treasury
4
4
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
7
5
NET POSITION:
3100
Unexpended appropriations
3300
Cumulative results of operations
3999
Total net position
4999
Total liabilities and net position
7
5
Disaster loans program account
(including transfers of funds)
For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, $177,136,000, to be available until expended, of which $1,600,000 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 $167,136,000 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 $8,400,000 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 2019 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, 2019 (Division C of P.L. 115–245, as amended).
The amounts included for 2019 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2018 actual
2019 est.
2020 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
548
381
150
0705
Reestimates of direct loan subsidy
8
122
0706
Interest on reestimates of direct loan subsidy
4
7
0709
Administrative expenses
618
177
0900
Total new obligations, unexpired accounts
1,178
510
327
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
687
1,226
885
1001
Discretionary unobligated balance brought fwd, Oct 1
687
1,226
1021
Recoveries of prior year unpaid obligations
55
40
40
1050
Unobligated balance (total)
742
1,266
925
Budget authority:
Appropriations, discretionary:
1100
Appropriation
1,652
26
1100
Appropriation, disaster relief pursuant Stafford Act
151
1131
Unobligated balance of appropriations permanently reduced
–3
1160
Appropriation, discretionary (total)
1,649
177
Appropriations, mandatory:
1200
Appropriation
13
129
1900
Budget authority (total)
1,662
129
177
1930
Total budgetary resources available
2,404
1,395
1,102
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1,226
885
775
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
115
150
366
3010
New obligations, unexpired accounts
1,178
510
327
3020
Outlays (gross)
–1,088
–254
–302
3040
Recoveries of prior year unpaid obligations, unexpired
–55
–40
–40
3050
Unpaid obligations, end of year
150
366
351
Memorandum (non-add) entries:
3100
Obligated balance, start of year
115
150
366
3200
Obligated balance, end of year
150
366
351
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
1,649
177
Outlays, gross:
4010
Outlays from new discretionary authority
618
177
4011
Outlays from discretionary balances
457
125
125
4020
Outlays, gross (total)
1,075
125
302
Mandatory:
4090
Budget authority, gross
13
129
Outlays, gross:
4100
Outlays from new mandatory authority
13
129
4180
Budget authority, net (total)
1,662
129
177
4190
Outlays, net (total)
1,088
254
302
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2018 actual
2019 est.
2020 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
4,373
3,100
1,100
115999
Total direct loan levels
4,373
3,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
12.54
12.29
13.62
132999
Weighted average subsidy rate
12.54
12.29
13.62
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
548
381
150
133999
Total subsidy budget authority
548
381
150
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
457
88
88
134999
Total subsidy outlays
457
88
88
Direct loan reestimates:
135001
Disaster Assistance Loans
–112
38
135002
Economic Injury Disaster Loans—Terrorist Attack
–2
–2
135999
Total direct loan reestimates
–114
36
Administrative expense data:
3510
Budget authority
618
177
3590
Outlays from new authority
618
177
As required by the Federal Credit Reform Act of 1990, as amended, for loans made pursuant to Section 7(b) of the Small Business
Act, as amended, this account records 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 the disaster loan 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 for up to 30 years
to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster.
In 2020, the Budget supports $1.1 billion in loans, the ten-year normalized average for such loans. The Budget requests $150.9
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 $26.2 million for administrative
expenses related to non-major disasters.
Object Classification (in millions of dollars)
Identification code 073–1152–0–1–453
2018 actual
2019 est.
2020 est.
Direct obligations:
25.3
Other goods and services from Federal sources
618
177
41.0
Grants, subsidies, and contributions
560
510
150
99.9
Total new obligations, unexpired accounts
1,178
510
327
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2018 actual
2019 est.
2020 est.
Obligations by program activity:
0003
Other
15
25
25
Credit program obligations:
0710
Direct loan obligations
4,373
3,100
1,100
0713
Payment of interest to Treasury
314
350
350
0742
Downward reestimates paid to receipt accounts
82
60
0743
Interest on downward reestimates
45
33
0791
Direct program activities, subtotal
4,814
3,543
1,450
0900
Total new obligations, unexpired accounts
4,829
3,568
1,475
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
124
453
213
1021
Recoveries of prior year unpaid obligations
382
99
99
1023
Unobligated balances applied to repay debt
–122
1050
Unobligated balance (total)
384
552
312
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
3,950
2,719
965
Spending authority from offsetting collections, mandatory:
1800
Collected
1,455
1,500
1,500
1801
Change in uncollected payments, Federal sources
36
1820
Capital transfer of spending authority from offsetting collections to general fund
–990
–900
1825
Spending authority from offsetting collections applied to repay debt
–543
1850
Spending auth from offsetting collections, mand (total)
948
510
600
1900
Budget authority (total)
4,898
3,229
1,565
1930
Total budgetary resources available
5,282
3,781
1,877
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
453
213
402
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
806
1,212
3,168
3010
New obligations, unexpired accounts
4,829
3,568
1,475
3020
Outlays (gross)
–4,041
–1,513
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–382
–99
–99
3050
Unpaid obligations, end of year
1,212
3,168
3,031
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–115
–151
–151
3070
Change in uncollected pymts, Fed sources, unexpired
–36
3090
Uncollected pymts, Fed sources, end of year
–151
–151
–151
Memorandum (non-add) entries:
3100
Obligated balance, start of year
691
1,061
3,017
3200
Obligated balance, end of year
1,061
3,017
2,880
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
4,898
3,229
1,565
Financing disbursements:
4110
Outlays, gross (total)
4,041
1,513
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–457
–88
–88
4120
Upward reestimate
–8
–122
4120
Interest on upward reestimate
–4
–7
4122
Interest income from Treasury
–96
–230
–230
4123
Repayments of principal, net
–890
–1,053
–1,182
4130
Offsets against gross budget authority and outlays (total)
–1,455
–1,500
–1,500
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–36
4160
Budget authority, net (mandatory)
3,407
1,729
65
4170
Outlays, net (mandatory)
2,586
13
13
4180
Budget authority, net (total)
3,407
1,729
65
4190
Outlays, net (total)
2,586
13
13
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2018 actual
2019 est.
2020 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
5,462
9,430
6,330
1143
Unobligated limitation carried forward (P.L. xx) (-)
–1,089
–6,330
–5,230
1150
Total direct loan obligations
4,373
3,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
6,191
9,059
9,044
1231
Disbursements: Direct loan disbursements
3,597
706
1,036
1251
Repayments: Repayments and prepayments
–664
–580
–706
1263
Write-offs for default: Direct loans
–96
–141
–140
1264
Other adjustments, net (+ or -)
31
1290
Outstanding, end of year
9,059
9,044
9,234
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2017 actual
2018 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
417
1,290
Investments in U.S. securities:
1106
Receivables, net
129
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
6,191
9,059
1402
Interest receivable
1404
Foreclosed property
2
1405
Allowance for subsidy cost (-)
–896
–1,325
1499
Net present value of assets related to direct loans
5,295
7,736
1999
Total assets
5,712
9,155
LIABILITIES:
Federal liabilities:
2103
Debt
5,709
9,054
2105
Other
3
93
2201
Non-Federal liabilities: Accounts payable
8
2999
Total liabilities
5,712
9,155
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
5,712
9,155
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2018 actual
2019 est.
2020 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
2018 actual
2019 est.
2020 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
2
1
1
1251
Repayments: Repayments and prepayments
–1
1290
Outstanding, end of year
1
1
1
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2017 actual
2018 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1601
Direct loans, net
2
1
1603
Allowance for estimated uncollectible loans and interest (-)
1699
Value of assets related to direct loans
2
1
1999
Total assets
2
1
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
2
1
NET POSITION:
3100
Unexpended appropriations
4999
Total liabilities and net position
2
1
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2018 actual
2019 est.
2020 est.
Offsetting receipts from the public:
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
126
93
073–272210
Business Loan Program, Negative Subsidies
155
073–272230
Business Loan Program, Downward Reestimates of Subsidies
1,618
852
General Fund Offsetting receipts from the public
1,744
945
155
ADMINISTRATIVE PROVISIONS
Administrative Provisions—Small Business Administration
'
(includingtransfer 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. Not to exceed 3 percent of any appropriation made available in this Act for the Small Business Administration under the headings
''Salaries and Expenses'' and ''Business Loans Program Account'' may be transferred to the "Information Technology System
Modernization and Working Capital Fund" (IT WCF), authorized by Section 1077(b)(1) of title X of division A of the National
Defense Authorization Act for Fiscal Year 2018, for the purposes specified in section 1077(b)(3) of such Act, upon the advance
approval of the Committees on Appropriations of the House of Representatives and the Senate: Provided, That amounts transferred
to the IT WCF under this section shall remain available for obligation through September 30, 2023. SEC. 522. BUSINESS LOAN PROGRAM FEE PROVISIONS. (a) Section 7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) is amended by—
(1) rewriting the parenthetical in paragraph (A) to read as follows: "(other than a loan that is repayable in 1 year or less,
which shall have a guarantee fee not to exceed 0.50 percent of the deferred participation of the total loan)";
(2) striking "$700,000" and inserting instead "$500,000" in paragraph (A)(ii);
(3) striking "$700,000" and inserting instead "$500,000, but not more than $1,500,000" in paragraph (A)(iii);
(4) redesignating clause (iv) of paragraph (A) as clause (v); and
(5) adding a new clause (iv) to paragraph (A) that reads as follows: "(iv) A guarantee fee not to exceed 4 percent of the deferred
participation share of a total loan amount that is more than $1,500,00.".
(b) Section 7(a)(23) of the Small Business Act (15 U.S.C. 636(a)(23)(A)) is amended by—
(1) rewriting paragraph (A) to read as follows: "(A) IN GENERAL.—With respect to each loan approved under this subsection, the
Administration shall assess, collect, and retain a fee, not to exceed 0.55 percent per year of the outstanding balance of
the deferred participation share of the loan for a total loan amount of $1,500,000 or less, or 0.83 percent per year of the
outstanding balance of the deferred participation share of the loan for a total loan amount greater than $1,500,000. Such
amount shall be established once annually by the Administration in the Administration's annual budget request to Congress,
as necessary to reduce to zero (or, in the discretion of the Administration, less than zero) the cost to the Administration
of making guarantees under this subsection. As used in this paragraph, the term "cost" has the meaning given that term in
section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)."; and
(2) striking the phrase "to zero" in paragraph (C), and deleting clause (ii) of such paragraph.
(c) Section 7(a)(26) of the Small Business Act (15 U.S.C. 636(a)(26)) is amended by inserting ", at a minimum," before the word
"offset".
SEC. 523. LENDING TO SMALL MANUFACTURERS. Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii))
is amended by striking "$5,500,000" and inserting "$6,500,000". SEC. 524. REPEAL OF CERTAIN DISASTER 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 111–246 is repealed.
(d) Section 7(a)(31)(H) of the Small Business Act (15 U.S.C. 636(a)(31)(H)) is repealed.
(e) Section 2102(b) of Public Law 114–88 is repealed.
SEC. 525. AMENDMENTS TO 7(m) MICROLOAN PROGRAM. Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended in paragraph (7) by striking subparagraph (B) in its
entirety.SEC. 526. 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. 527. 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. 528. 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.".