[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
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, $287,947,000, 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 2021: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
2022.
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0001
Executive direction
70
71
76
0002
Capital Access
81
80
82
0003
Gov. Contracting/Bus. Development
29
31
35
0004
Entrepreneurial Development
9
9
10
0005
Chief Operating Office
27
31
33
0006
Office of Chief Information Officer
50
35
39
0007
Regional & district offices
98
103
106
0008
Agency wide costs
56
65
73
0009
Non credit programs
3
5
4
0012
Disaster
342
177
168
0013
Investment & Innovation
20
19
20
0014
International Trade
7
7
8
0900
Total new obligations, unexpired accounts
792
633
654
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
458
130
123
1021
Recoveries of prior year unpaid obligations
13
1033
Recoveries of prior year paid obligations
2
1050
Unobligated balance (total)
473
130
123
Budget authority:
Appropriations, discretionary:
1100
Appropriation
268
270
288
1120
Appropriations transferred to other acct [073–1161]
–6
1160
Appropriation, discretionary (total)
262
270
288
Spending authority from offsetting collections, discretionary:
1700
Collected - Disaster Transfer
9
177
177
1700
Collected
179
179
175
1750
Spending auth from offsetting collections, disc (total)
188
356
352
1900
Budget authority (total)
450
626
640
1930
Total budgetary resources available
923
756
763
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
130
123
109
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
192
199
222
3010
New obligations, unexpired accounts
792
633
654
3011
Obligations ("upward adjustments"), expired accounts
2
3020
Outlays (gross)
–763
–610
–624
3040
Recoveries of prior year unpaid obligations, unexpired
–13
3041
Recoveries of prior year unpaid obligations, expired
–11
3050
Unpaid obligations, end of year
199
222
252
Memorandum (non-add) entries:
3100
Obligated balance, start of year
192
199
222
3200
Obligated balance, end of year
199
222
252
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
450
626
640
Outlays, gross:
4010
Outlays from new discretionary authority
342
429
437
4011
Outlays from discretionary balances
421
181
187
4020
Outlays, gross (total)
763
610
624
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–167
–337
–333
4033
Non-Federal sources
–23
–19
–19
4040
Offsets against gross budget authority and outlays (total)
–190
–356
–352
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
2
4060
Additional offsets against budget authority only (total)
2
4070
Budget authority, net (discretionary)
262
270
288
4080
Outlays, net (discretionary)
573
254
272
4180
Budget authority, net (total)
262
270
288
4190
Outlays, net (total)
573
254
272
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 2021 Budget provides $6 million
in funding for the continued modernization of the loan management accounting systems, which will improve oversight of SBA's
more than $143 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. The Budget includes funding to support hiring for the Women-Owned Small Business Certification
program and Transition Assistance Program implementation.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2019 actual
2020 est.
2021 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
231
185
191
11.3
Other than full-time permanent
89
71
73
11.5
Other personnel compensation
17
14
14
11.8
Special personal services payments
34
27
28
11.9
Total personnel compensation
371
297
306
12.1
Civilian personnel benefits
127
102
105
21.0
Travel and transportation of persons
31
25
26
23.1
Rental payments to GSA
48
38
40
23.3
Communications, utilities, and miscellaneous charges
17
14
14
25.1
Advisory and assistance services
4
3
3
25.2
Other services from non-Federal sources
113
90
94
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
38
30
31
25.4
Operation and maintenance of facilities
4
3
3
25.5
Research and development contracts
9
7
7
25.7
Operation and maintenance of equipment
19
15
16
26.0
Supplies and materials
7
6
6
31.0
Equipment
1
1
1
41.0
Grants, subsidies, and contributions
3
2
2
99.9
Total new obligations, unexpired accounts
792
633
654
Employment Summary
Identification code 073–0100–0–1–376
2019 actual
2020 est.
2021 est.
1001
Direct civilian full-time equivalent employment
4,008
3,079
3,085
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,
$22,011,000.
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0001
Audit
8
10
10
0002
Investigations
12
12
12
0003
Management and Operations
2
2
2
0004
Immediate office and Counsel
1
1
1
0900
Total new obligations, unexpired accounts
23
25
25
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
9
8
7
Budget authority:
Appropriations, discretionary:
1100
Appropriation
22
22
22
Spending authority from offsetting collections, discretionary:
1700
Collected
1
2
2
1900
Budget authority (total)
23
24
24
1930
Total budgetary resources available
32
32
31
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
8
7
6
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
3
3
3010
New obligations, unexpired accounts
23
25
25
3020
Outlays (gross)
–23
–25
–26
3050
Unpaid obligations, end of year
3
3
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
3
3
3200
Obligated balance, end of year
3
3
2
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
23
24
24
Outlays, gross:
4010
Outlays from new discretionary authority
18
22
22
4011
Outlays from discretionary balances
5
3
4
4020
Outlays, gross (total)
23
25
26
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–1
–2
–2
4180
Budget authority, net (total)
22
22
22
4190
Outlays, net (total)
22
23
24
The 2021 Budget proposes $22.0 million in new budget authority and $1.6 million transferred from the Disaster Loans Program
account for a total of $23.6 million for the Office of Inspector General. This appropriation provides funds to promote economy
and efficiency in SBA operations and to prevent and detect waste, fraud, and abuse through agency-wide audit, investigative,
and related functions.
Object Classification (in millions of dollars)
Identification code 073–0200–0–1–376
2019 actual
2020 est.
2021 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
13
14
15
12.1
Civilian personnel benefits
5
5
5
25.2
Other services
4
4
3
99.0
Direct obligations
22
23
23
99.0
Reimbursable obligations
1
2
2
99.9
Total new obligations, unexpired accounts
23
25
25
Employment Summary
Identification code 073–0200–0–1–376
2019 actual
2020 est.
2021 est.
1001
Direct civilian full-time equivalent employment
110
118
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.), $9,190,000, to remain available until expended.
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0001
Office of Advocacy (Direct)
11
9
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
9
1930
Total budgetary resources available
11
9
9
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
2
3
3010
New obligations, unexpired accounts
11
9
9
3020
Outlays (gross)
–10
–8
–8
3050
Unpaid obligations, end of year
2
3
4
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
2
3
3200
Obligated balance, end of year
2
3
4
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
9
9
9
Outlays, gross:
4010
Outlays from new discretionary authority
8
8
8
4011
Outlays from discretionary balances
2
4020
Outlays, gross (total)
10
8
8
4180
Budget authority, net (total)
9
9
9
4190
Outlays, net (total)
10
8
8
The 2021 Budget proposes $9.2 million in new budget authority for the Office of Advocacy to carry out its statutory duties,
including those under the Regulatory Flexibility Act. 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
2019 actual
2020 est.
2021 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
7
6
6
12.1
Civilian personnel benefits
3
2
2
25.2
Other services from non-Federal sources
1
1
1
99.9
Total new obligations, unexpired accounts
11
9
9
Employment Summary
Identification code 073–0300–0–1–376
2019 actual
2020 est.
2021 est.
1001
Direct civilian full-time equivalent employment
53
52
55
Entrepreneurial Development Programs
For necessary expenses of programs supporting entrepreneurial and small business development, $167,600,000, to remain available until September 30, 2022: Provided, That $87,860,000 shall be available to fund grants for performance in fiscal year 2021 or fiscal year 2022 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 that assist small business concerns authorized under
section 22(l) of the Small Business Act (15 U.S.C. 649(l)).
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0001
Non-Credit Programs
252
261
168
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
31
27
27
1021
Recoveries of prior year unpaid obligations
1
1050
Unobligated balance (total)
32
27
27
Budget authority:
Appropriations, discretionary:
1100
Appropriation
248
261
168
1900
Budget authority (total)
248
261
168
1930
Total budgetary resources available
280
288
195
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
27
27
27
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
224
237
314
3010
New obligations, unexpired accounts
252
261
168
3011
Obligations ("upward adjustments"), expired accounts
2
3020
Outlays (gross)
–232
–184
–207
3040
Recoveries of prior year unpaid obligations, unexpired
–1
3041
Recoveries of prior year unpaid obligations, expired
–8
3050
Unpaid obligations, end of year
237
314
275
Memorandum (non-add) entries:
3100
Obligated balance, start of year
224
237
314
3200
Obligated balance, end of year
237
314
275
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
248
261
168
Outlays, gross:
4010
Outlays from new discretionary authority
51
91
59
4011
Outlays from discretionary balances
181
93
148
4020
Outlays, gross (total)
232
184
207
4180
Budget authority, net (total)
248
261
168
4190
Outlays, net (total)
232
184
207
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 2021, 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
2019 actual
2020 est.
2021 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
20
21
13
41.0
Grants, subsidies, and contributions
229
237
152
99.9
Total new obligations, unexpired accounts
252
261
168
Employment Summary
Identification code 073–0400–0–1–376
2019 actual
2020 est.
2021 est.
1001
Direct civilian full-time equivalent employment
20
25
25
Information Technology System Modernization and Working Capital Fund
Program and Financing (in millions of dollars)
Identification code 073–1161–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0001
IT Working Capital Fund
4
2
0900
Total new obligations, unexpired accounts (object class 25.2)
4
2
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
6
2
Budget authority:
Appropriations, discretionary:
1121
Appropriations transferred from other acct [073–0100]
6
1930
Total budgetary resources available
6
6
2
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6
2
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
4
3010
New obligations, unexpired accounts
4
2
3050
Unpaid obligations, end of year
4
6
Memorandum (non-add) entries:
3100
Obligated balance, start of year
4
3200
Obligated balance, end of year
4
6
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
6
4180
Budget authority, net (total)
6
4190
Outlays, net (total)
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0801
Reimbursable obligations
19
18
18
0900
Total new obligations, unexpired accounts (object class 42.0)
19
18
18
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
97
100
100
1033
Recoveries of prior year paid obligations
4
1050
Unobligated balance (total)
101
100
100
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
18
18
18
1930
Total budgetary resources available
119
118
118
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
100
100
100
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
19
18
18
3020
Outlays (gross)
–19
–18
–18
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
18
18
18
Outlays, gross:
4010
Outlays from new discretionary authority
18
18
4011
Outlays from discretionary balances
19
4020
Outlays, gross (total)
19
18
18
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–22
–18
–18
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
4
4080
Outlays, net (discretionary)
–3
4180
Budget authority, net (total)
4190
Outlays, net (total)
–3
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 2021. Therefore,
no new appropriated funds are requested in the Budget.
Business loans program account
(including transfers 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 2021 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 2021 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 2021 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 2021 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 2021, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount
of $13,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $160,300,000, which may be transferred to and merged with the appropriations for Salaries and Expenses.
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
4
5
4
0702
Loan guarantee subsidy
99
0705
Reestimates of direct loan subsidy
1
1
0706
Interest on reestimates of direct loan subsidy
1
0707
Reestimates of loan guarantee subsidy
60
38
0708
Interest on reestimates of loan guarantee subsidy
23
14
0709
Administrative expenses
155
155
160
0900
Total new obligations, unexpired accounts
244
312
164
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
78
34
22
1001
Discretionary unobligated balance brought fwd, Oct 1
34
1021
Recoveries of prior year unpaid obligations
6
3
3
1050
Unobligated balance (total)
84
37
25
Budget authority:
Appropriations, discretionary:
1100
Appropriation
159
259
164
1131
Unobligated balance of appropriations permanently reduced
–50
–16
1160
Appropriation, discretionary (total)
109
243
164
Appropriations, mandatory:
1200
Appropriation
85
54
1900
Budget authority (total)
194
297
164
1930
Total budgetary resources available
278
334
189
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
34
22
25
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
8
2
16
3010
New obligations, unexpired accounts
244
312
164
3020
Outlays (gross)
–244
–295
–164
3040
Recoveries of prior year unpaid obligations, unexpired
–6
–3
–3
3050
Unpaid obligations, end of year
2
16
13
Memorandum (non-add) entries:
3100
Obligated balance, start of year
8
2
16
3200
Obligated balance, end of year
2
16
13
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
109
243
164
Outlays, gross:
4010
Outlays from new discretionary authority
156
238
161
4011
Outlays from discretionary balances
3
3
3
4020
Outlays, gross (total)
159
241
164
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–1
Additional offsets against gross budget authority only:
4052
Offsetting collections credited to expired accounts
1
4070
Budget authority, net (discretionary)
109
243
164
4080
Outlays, net (discretionary)
158
241
164
Mandatory:
4090
Budget authority, gross
85
54
Outlays, gross:
4100
Outlays from new mandatory authority
85
54
4180
Budget authority, net (total)
194
297
164
4190
Outlays, net (total)
243
295
164
Summary of Budget Authority and Outlays (in millions of dollars)
2019 actual
2020 est.
2021 est.
Enacted/requested:
Budget Authority
194
297
164
Outlays
243
295
164
Legislative proposal, not subject to PAYGO:
Budget Authority
–80
Outlays
–80
Total:
Budget Authority
194
297
84
Outlays
243
295
84
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2019 actual
2020 est.
2021 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
42
50
41
115999
Total direct loan levels
42
50
41
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
8.77
9.29
8.99
132999
Weighted average subsidy rate
8.77
9.29
8.99
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
4
5
4
133999
Total subsidy budget authority
4
5
4
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
3
5
4
134999
Total subsidy outlays
3
5
4
Direct loan reestimates:
135010
7(m) Direct Microloans — ARRA
–1
135999
Total direct loan reestimates
–1
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
21,503
30,000
30,000
215004
Section 504 Certified Development Companies Debentures
4,804
7,500
7,500
215006
SBIC Debentures
1,614
4,000
4,000
215010
Secondary Market Guarantee
8,498
12,000
13,000
215027
504 Commercial Real Estate (CRE) Refinance Program
150
7,500
1,000
215999
Total loan guarantee levels
36,569
61,000
55,500
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.00
0.33
0.00
232004
Section 504 Certified Development Companies Debentures
0.00
0.00
0.00
232006
SBIC Debentures
0.00
0.00
0.00
232010
Secondary Market Guarantee
0.00
0.00
0.00
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
0.00
232999
Weighted average subsidy rate
0.00
0.16
0.00
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
99
233999
Total subsidy budget authority
99
Guaranteed loan subsidy outlays:
234004
Section 504 Certified Development Companies Debentures
1
3
3
234999
Total subsidy outlays
1
3
3
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–143
–355
235003
7(a) General Business Loan Guarantees—STAR
–1
–1
235004
Section 504 Certified Development Companies Debentures
–344
–306
235006
SBIC Debentures
–109
–210
235007
SBIC Participating Securities
–97
–57
235008
SBIC New Market Venture Capital
–10
–2
235010
Secondary Market Guarantee
–41
–81
235015
Secondary Market 504 First Mortgage Guarantees-ARRA
–5
–3
235016
ARC Loan Guarantees—ARRA
–1
235017
7(a) General Business Loan Guarantees—ARRA
3
2
235018
Section 504 Certified Development Companies—ARRA
–2
–7
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–7
–12
235027
504 Commercial Real Estate (CRE) Refinance Program
–17
–17
235028
7(a) Business Loan Guarantees—ARRA Extension
7
4
235999
Total guaranteed loan reestimates
–767
–1,045
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 2021, the Budget proposes $164.3 million in new budget authority for the Business Loans Program account. This includes
$160.3 million in administrative expenses funding and $4.0 million in credit subsidy for the direct Microloan Program to support
a program level of $41 million. The 2021 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 2021 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 $13 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 to adjust the 7(a) program statutory fee cap in order to maintain zero subsidy. 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 2021.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2019 actual
2020 est.
2021 est.
Direct obligations:
25.3
Other goods and services from Federal sources
155
155
160
41.0
Grants, subsidies, and contributions
89
157
4
99.9
Total new obligations, unexpired accounts
244
312
164
Business Loans Program Account
(Legislative proposal, not subject to PAYGO)
Contingent upon the enactment of legislation authorizing an administrative fee for Small Business Administration loan guarantee
programs, such fees shall be deposited as offsetting collections and credited to the appropriation for administrative expenses
for fiscal year 2021 under this heading: Provided, That the total amount appropriated under this heading from the general
fund for administrative expenses for fiscal year 2021 shall be reduced as such offsetting collections are received so as to
result in a final total fiscal year 2021 appropriation from the general fund for administrative expenses estimated at not
more than $80,150,000.
Program and Financing (in millions of dollars)
Identification code 073–1154–2–1–376
2019 actual
2020 est.
2021 est.
Budgetary resources:
Budget authority:
Appropriations, discretionary:
1100
Appropriation
–80
Spending authority from offsetting collections, discretionary:
1700
Collected
80
Budget authority and outlays, net:
Discretionary:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources:
–80
4040
Offsets against gross budget authority and outlays (total)
–80
4180
Budget authority, net (total)
–80
4190
Outlays, net (total)
–80
The Budget proposes a fiscally responsible legislative change to authorize SBA to establish an upfront administrative fee
in the business loan programs. The administrative fee structure would offset a portion of the appropriated funding to operate
the business loan programs. In 2021, this fee is anticipated to provide $80 million in offsetting collections.
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
42
50
41
0713
Payment of interest to Treasury
5
5
5
0742
Downward reestimates paid to receipt accounts
3
1
0743
Interest on downward reestimates
1
0900
Total new obligations, unexpired accounts
51
56
46
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4
6
7
1021
Recoveries of prior year unpaid obligations
3
3
3
1023
Unobligated balances applied to repay debt
–4
1050
Unobligated balance (total)
3
9
10
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
41
43
42
Spending authority from offsetting collections, mandatory:
1800
Collected
42
43
42
1825
Spending authority from offsetting collections applied to repay debt
–29
–32
–32
1850
Spending auth from offsetting collections, mand (total)
13
11
10
1900
Budget authority (total)
54
54
52
1930
Total budgetary resources available
57
63
62
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6
7
16
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
38
42
52
3010
New obligations, unexpired accounts
51
56
46
3020
Outlays (gross)
–44
–43
–45
3040
Recoveries of prior year unpaid obligations, unexpired
–3
–3
–3
3050
Unpaid obligations, end of year
42
52
50
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–3
–3
–3
3090
Uncollected pymts, Fed sources, end of year
–3
–3
–3
Memorandum (non-add) entries:
3100
Obligated balance, start of year
35
39
49
3200
Obligated balance, end of year
39
49
47
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
54
54
52
Financing disbursements:
4110
Outlays, gross (total)
44
43
45
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Subsidy from program account
–3
–5
–4
4120
Upward reestimate
–1
–1
4120
Interest on reestimate
–1
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–35
–32
–33
4123
Other income
–3
–3
4130
Offsets against gross budget authority and outlays (total)
–42
–43
–42
4160
Budget authority, net (mandatory)
12
11
10
4170
Outlays, net (mandatory)
2
3
4180
Budget authority, net (total)
12
11
10
4190
Outlays, net (total)
2
3
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2019 actual
2020 est.
2021 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
42
50
41
1121
Limitation available from carry-forward
18
1143
Unobligated limitation carried forward (P.L. xx) (-)
–18
1150
Total direct loan obligations
42
50
41
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
191
192
202
1231
Disbursements: Direct loan disbursements
36
43
44
1251
Repayments: Repayments and prepayments
–35
–33
–34
1290
Outstanding, end of year
192
202
212
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2018 actual
2019 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
38
45
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
191
192
1405
Allowance for subsidy cost (-)
–20
–20
1499
Net present value of assets related to direct loans
171
172
1999
Total assets
210
218
LIABILITIES:
Federal liabilities:
2103
Debt
209
217
2104
Resources payable to Treasury (Downward Reestimate)
1
1
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
210
218
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
210
218
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0005
Other Expenses
425
375
140
Credit program obligations:
0711
Default claim payments on principal
1,506
1,680
1,680
0712
Default claim payments on interest
50
100
100
0713
Payment of interest to Treasury
62
80
80
0742
Downward reestimates paid to receipt accounts
688
936
0743
Interest on downward reestimates
161
162
0791
Direct program activities, subtotal
2,467
2,958
1,860
0900
Total new obligations, unexpired accounts
2,892
3,333
2,000
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
4,256
3,643
3,086
1023
Unobligated balances applied to repay debt
–200
1050
Unobligated balance (total)
4,056
3,643
3,086
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
255
356
356
Spending authority from offsetting collections, mandatory:
1800
Collected
2,232
2,420
2,493
1801
Change in uncollected payments, Federal sources
–6
1825
Spending authority from offsetting collections applied to repay debt
–2
1850
Spending auth from offsetting collections, mand (total)
2,224
2,420
2,493
1900
Budget authority (total)
2,479
2,776
2,849
1930
Total budgetary resources available
6,535
6,419
5,935
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3,643
3,086
3,935
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
25
22
25
3010
New obligations, unexpired accounts
2,892
3,333
2,000
3020
Outlays (gross)
–2,895
–3,330
–1,889
3050
Unpaid obligations, end of year
22
25
136
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–7
–1
–1
3070
Change in uncollected pymts, Fed sources, unexpired
6
3090
Uncollected pymts, Fed sources, end of year
–1
–1
–1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
18
21
24
3200
Obligated balance, end of year
21
24
135
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2,479
2,776
2,849
Financing disbursements:
4110
Outlays, gross (total)
2,895
3,330
1,889
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Subsidy from program account
–1
–3
–3
4120
Upward reestimate
–60
–38
4120
Interest on reestimate
–23
–14
4122
Interest on uninvested funds
–88
–90
–90
4123
Fees
–1,349
–1,625
–1,750
4123
Principal
–563
–560
–560
4123
Interest
–61
–60
–60
4123
Sale of Foreclosed Property
–14
4123
Other
–73
–30
–30
4130
Offsets against gross budget authority and outlays (total)
–2,232
–2,420
–2,493
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
6
4160
Budget authority, net (mandatory)
253
356
356
4170
Outlays, net (mandatory)
663
910
–604
4180
Budget authority, net (total)
253
356
356
4190
Outlays, net (total)
663
910
–604
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2019 actual
2020 est.
2021 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
61,000
61,000
55,500
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–24,431
2150
Total guaranteed loan commitments
36,569
61,000
55,500
2199
Guaranteed amount of guaranteed loan commitments
30,867
53,182
47,479
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
128,765
129,717
138,492
2231
Disbursements of new guaranteed loans
26,917
34,640
39,788
2251
Repayments and prepayments
–23,894
–24,071
–25,699
Adjustments:
2261
Terminations for default that result in loans receivable
–1,804
–1,547
–1,733
2263
Terminations for default that result in claim payments
–248
–247
–276
2264
Other adjustments, net
–19
2290
Outstanding, end of year
129,717
138,492
150,572
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
105,827
112,986
122,841
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
3,228
3,373
3,567
2331
Disbursements for guaranteed loan claims
1,467
1,463
1,639
2351
Repayments of loans receivable
–499
–424
–475
2361
Write-offs of loans receivable
–820
–845
–909
2364
Other adjustments, net
–3
2390
Outstanding, end of year
3,373
3,567
3,822
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2018 actual
2019 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
4,274
3,664
Investments in U.S. securities:
1106
Receivables, net
145
93
1206
Non-Federal assets: Receivables, net
90
160
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
3,228
3,373
1502
Interest receivable
1504
Foreclosed property
14
16
1505
Allowance for subsidy cost (-)
–2,423
–2,423
1599
Net present value of assets related to defaulted guaranteed loans
819
966
1999
Total assets
5,328
4,883
LIABILITIES:
Federal liabilities:
2103
Debt
1,950
2,003
2105
Other
703
868
Non-Federal liabilities:
2201
Accounts payable
12
12
2204
Liabilities for loan guarantees
2,663
2,000
2999
Total liabilities
5,328
4,883
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
5,328
4,883
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0005
Guaranteed loan default claims
1
1
1
0007
Other Expenses
1
0600
Direct program activities, subtotal
1
2
1
0900
Total new obligations, unexpired accounts (object class 33.0)
1
2
1
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200
Appropriation
1
2
1
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)
1
2
1
1930
Total budgetary resources available
1
2
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
1
3010
New obligations, unexpired accounts
1
2
1
3020
Outlays (gross)
–1
–2
3050
Unpaid obligations, end of year
1
1
2
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
1
3200
Obligated balance, end of year
1
1
2
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
1
2
1
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
–2
4190
Outlays, net (total)
–1
–1
–3
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2019 actual
2020 est.
2021 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
4
11
9
1251
Repayments: Repayments and prepayments
–1
–1
1263
Write-offs for default: Direct loans
–1
–1
1264
Other adjustments, net (+ or -)
7
1290
Outstanding, end of year
11
9
7
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2019 actual
2020 est.
2021 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
1
2331
Disbursements for guaranteed loan claims
2351
Repayments of loans receivable
2361
Write-offs of loans receivable
–1
2364
Other adjustments, net
2390
Outstanding, end of year
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2018 actual
2019 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1
1
1206
Non-Federal assets: Receivables, net
1601
Direct loans, gross
4
11
1602
Interest receivable
1603
Allowance for estimated uncollectible loans and interest (-)
–6
–10
1604
Direct loans and interest receivable, net
–2
1
1606
Foreclosed property
4
4
1699
Value of assets related to direct loans
2
5
1701
Defaulted guaranteed loans, gross
1
1703
Allowance for estimated uncollectible loans and interest (-)
1799
Value of assets related to loan guarantees
1
1801
Other Federal assets: Cash and other monetary assets
2
3
1999
Total assets
6
9
LIABILITIES:
Federal liabilities:
2102
Interest payable
1
1
2104
Resources payable to Treasury
4
8
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
6
9
NET POSITION:
3100
Unexpended appropriations
3300
Cumulative results of operations
3999
Total net position
4999
Total liabilities and net position
6
9
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, $168,075,000, 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 $158,075,000 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.
(Financial Services and General Government Appropriations Act, 2020.)
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2019 actual
2020 est.
2021 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
173
150
98
0705
Reestimates of direct loan subsidy
122
60
0706
Interest on reestimates of direct loan subsidy
7
6
0709
Administrative expenses
10
177
168
0900
Total new obligations, unexpired accounts
312
393
266
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1,226
1,110
1,000
1001
Discretionary unobligated balance brought fwd, Oct 1
1,226
1,110
1021
Recoveries of prior year unpaid obligations
57
40
40
1050
Unobligated balance (total)
1,283
1,150
1,040
Budget authority:
Appropriations, discretionary:
1100
Appropriation
10
26
25
1100
Appropriation, disaster relief pursuant Stafford Act
151
143
1160
Appropriation, discretionary (total)
10
177
168
Appropriations, mandatory:
1200
Appropriation
129
66
1900
Budget authority (total)
139
243
168
1930
Total budgetary resources available
1,422
1,393
1,208
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
1,110
1,000
942
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
151
79
93
3010
New obligations, unexpired accounts
312
393
266
3020
Outlays (gross)
–327
–339
–280
3040
Recoveries of prior year unpaid obligations, unexpired
–57
–40
–40
3050
Unpaid obligations, end of year
79
93
39
Memorandum (non-add) entries:
3100
Obligated balance, start of year
151
79
93
3200
Obligated balance, end of year
79
93
39
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
10
177
168
Outlays, gross:
4010
Outlays from new discretionary authority
10
177
168
4011
Outlays from discretionary balances
188
96
112
4020
Outlays, gross (total)
198
273
280
Mandatory:
4090
Budget authority, gross
129
66
Outlays, gross:
4100
Outlays from new mandatory authority
129
66
4180
Budget authority, net (total)
139
243
168
4190
Outlays, net (total)
327
339
280
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2019 actual
2020 est.
2021 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
1,406
1,100
1,100
115999
Total direct loan levels
1,406
1,100
1,100
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
12.29
13.62
8.92
132999
Weighted average subsidy rate
12.29
13.62
8.92
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
173
150
98
133999
Total subsidy budget authority
173
150
98
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
188
96
112
134999
Total subsidy outlays
188
96
112
Direct loan reestimates:
135001
Disaster Assistance Loans
38
–90
135002
Economic Injury Disaster Loans—Terrorist Attack
–2
–3
135999
Total direct loan reestimates
36
–93
Administrative expense data:
3510
Budget authority
10
177
168
3590
Outlays from new authority
10
177
168
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 2021, the Budget supports $1.1 billion in loans, the ten-year normalized average for such loans. The Budget requests $142.9
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 $25.2 million for administrative
expenses related to non-major disasters.
Object Classification (in millions of dollars)
Identification code 073–1152–0–1–453
2019 actual
2020 est.
2021 est.
Direct obligations:
25.3
Other goods and services from Federal sources
10
177
168
41.0
Grants, subsidies, and contributions
302
216
98
99.9
Total new obligations, unexpired accounts
312
393
266
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2019 actual
2020 est.
2021 est.
Obligations by program activity:
0003
Other
19
25
25
Credit program obligations:
0710
Direct loan obligations
1,406
1,100
1,100
0713
Payment of interest to Treasury
333
400
400
0742
Downward reestimates paid to receipt accounts
60
104
0743
Interest on downward reestimates
33
55
0791
Direct program activities, subtotal
1,832
1,659
1,500
0900
Total new obligations, unexpired accounts
1,851
1,684
1,525
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
454
777
968
1021
Recoveries of prior year unpaid obligations
454
450
374
1023
Unobligated balances applied to repay debt
–453
1024
Unobligated balance of borrowing authority withdrawn
–223
1050
Unobligated balance (total)
232
1,227
1,342
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
1,935
950
950
Spending authority from offsetting collections, mandatory:
1800
Collected
1,480
1,440
1,440
1801
Change in uncollected payments, Federal sources
–72
1820
Capital transfer of spending authority from offsetting collections to general fund
–965
–965
1825
Spending authority from offsetting collections applied to repay debt
–947
1850
Spending auth from offsetting collections, mand (total)
461
475
475
1900
Budget authority (total)
2,396
1,425
1,425
1930
Total budgetary resources available
2,628
2,652
2,767
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
777
968
1,242
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1,211
641
362
3010
New obligations, unexpired accounts
1,851
1,684
1,525
3020
Outlays (gross)
–1,967
–1,513
–1,513
3040
Recoveries of prior year unpaid obligations, unexpired
–454
–450
–374
3050
Unpaid obligations, end of year
641
362
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–151
–79
–79
3070
Change in uncollected pymts, Fed sources, unexpired
72
3090
Uncollected pymts, Fed sources, end of year
–79
–79
–79
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1,060
562
283
3200
Obligated balance, end of year
562
283
–79
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
2,396
1,425
1,425
Financing disbursements:
4110
Outlays, gross (total)
1,967
1,513
1,513
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–188
–96
–112
4120
Upward reestimate
–122
–60
4120
Interest on upward reestimate
–7
–6
4122
Interest income from Treasury
–82
–100
–100
4123
Repayments of principal, net
–1,081
–1,178
–1,228
4130
Offsets against gross budget authority and outlays (total)
–1,480
–1,440
–1,440
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
72
4160
Budget authority, net (mandatory)
988
–15
–15
4170
Outlays, net (mandatory)
487
73
73
4180
Budget authority, net (total)
988
–15
–15
4190
Outlays, net (total)
487
73
73
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2019 actual
2020 est.
2021 est.
Position with respect to appropriations act limitation on obligations:
1121
Limitation available from carry-forward
9,972
8,150
11,211
1143
Unobligated limitation carried forward (P.L. xx) (-)
–8,566
–7,050
–10,111
1150
Total direct loan obligations
1,406
1,100
1,100
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
9,059
9,610
9,390
1231
Disbursements: Direct loan disbursements
1,524
702
1,077
1251
Repayments: Repayments and prepayments
–773
–723
–727
1263
Write-offs for default: Direct loans
–188
–199
–195
1264
Other adjustments, net (+ or -)
–12
1290
Outstanding, end of year
9,610
9,390
9,545
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2018 actual
2019 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
1,290
1,338
Investments in U.S. securities:
1106
Receivables, net
129
66
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
9,059
9,610
1402
Interest receivable
1404
Foreclosed property
2
4
1405
Allowance for subsidy cost (-)
–1,325
–1,265
1499
Net present value of assets related to direct loans
7,736
8,349
1999
Total assets
9,155
9,753
LIABILITIES:
Federal liabilities:
2103
Debt
9,054
9,590
2105
Other
93
160
2201
Non-Federal liabilities: Accounts payable
8
3
2999
Total liabilities
9,155
9,753
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
9,155
9,753
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2019 actual
2020 est.
2021 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
2019 actual
2020 est.
2021 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
1
1
1
1290
Outstanding, end of year
1
1
1
Balance Sheet (in millions of dollars)
Identification code 073–4153–0–3–453
2018 actual
2019 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1601
Direct loans, net
1
1
1603
Allowance for estimated uncollectible loans and interest (-)
1699
Value of assets related to direct loans
1
1
1999
Total assets
1
1
LIABILITIES:
2104
Federal liabilities: Resources payable to Treasury
1
1
NET POSITION:
3100
Unexpended appropriations
4999
Total liabilities and net position
1
1
GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2019 actual
2020 est.
2021 est.
Offsetting receipts from the public:
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
93
159
073–272230
Business Loan Program, Downward Reestimates of Subsidies
852
1,100
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
1
General Fund Offsetting receipts from the public
946
1,259
ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION
'
(including transfers of funds)
SEC. 540. 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. 541. 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 Administration's information technology
system modernization and working capital fund (IT WCF), as 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 notification 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, 2024.SEC. 542. ADMINISTRATIVE FEE AUTHORITY FOR THE 7(a), 504, 504 DEBT REFINANCING, AND SMALL BUSINESS INVESTMENT COMPANY PROGRAMS. Section
5(b) of the Small Business Act (15 U.S.C. 634(b)) is amended— (1) in paragraph (13) by striking "and" at the end;
(2) in paragraph (14) by striking the period at the end and inserting "; and"; and
(3) by adding the following new paragraph (b)(15):
"(15) collect, retain, and utilize, subject to notification in appropriations Acts, an administrative fee collected from participants
in the programs authorized by section 7(a) of this Act, section 503 of the Small Business Investment Act of 1958 (15 U.S.C.
697), subparagraph (C) of section 502(7) of the Small Business Investment Act of 1958 (15 U.S.C. 696(7)(C)), and part A of
Title III of the Small Business Investment Act of 1958 (15 U.S.C. 681–687m), respectively. The fees shall be available for
the administrative costs of each respective program, and may be deposited with amounts appropriated for administrative expenses
in the Business Loans Program Account of the Administration. The amounts of the fees will be determined annually in the discretion
of the Administrator not to exceed the amount of offsetting collections for loan program administrative expenses in the annual
appropriations act."
SEC. 543. 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 7(a)(31)(H) of the Small Business Act (15 U.S.C. 636(a)(31)(H)) is repealed.
SEC. 544. PERMANENT INCREASE TO THE UNSECURED THRESHOLD ON PHYSICAL DISASTER LOANS. Section 2102(b) of the RISE After Disaster Act
of 2015 (Public Law 114–88) is repealed. SEC. 545. EXPRESS LOAN PROGRAM INCREASE IN 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. 546. 7(A) GUARANTEE FEE INCREASE TO MAINTAIN ZERO SUBSIDY. Section 7(a)(18)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(18)(A)(iii))
is amended by striking "3.5 percent" and inserting "3.64 percent". SEC. 547. DEVELOPMENT COMPANY LOANS 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. 548. MICROLOAN PROGRAM FUNDING LEVEL CHANGE. Section 7(m)(7)(B)(i)(I)(bb) of the Small Business Act (15 U.S.C. 636(m)(7)(B)(i)(I)(bb))
is amended by striking "1/55" and inserting "1/25". SEC. 549. CHANGES TO 7(a) SECONDARY MARKET FEE PROVISIONS.—Section 5(g)(2) of the Small Business Act is amended— (1) by redesignating the current paragraph as subparagraph (A); and
(2) by adding a new subparagraph (B) to read as follows:
"(B) With respect to the Administration's guarantee of the payment of the principal of 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 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 part
of such trust or pool. 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.".
SEC. 550. SECONDARY MARKET PROGRAM AMENDMENT. (a) Section 5(g)(2)(A) (as redesignated above) of the Small Business Act (15 U.S.C. 634(g)(2)(A)) is amended—
(1) by amending the first sentence to read as follows:
"(A) The Administration is authorized, upon such terms and conditions as are deemed appropriate, to guarantee—
"(i) the payment of the principal of (or, in the discretion of the Administration, the timely payment of such principal);
and
"(ii) the timely payment of the interest on "trust certificates issued by the Administration or its agent for purposes of
this subsection."; and
(2) by striking the phrase "timely" in the third sentence.
(b) Subsection (a) of this section shall become effective upon the effective date of final regulations implementing this section.
Trust certificates issued prior to such effective date are not affected by this amendment.
SEC. 551. SMALL BUSINESS DEVELOPMENT CENTER AND WOMENS 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.".
(Financial Services and General Government Appropriations Act, 2020.)