[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
Emergency EIDL Grants
Program and Financing (in millions of dollars)
Identification code 073–0500–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
EIDL Grants
5,751
2,053
0900
Total new obligations, unexpired accounts (object class 41.0)
5,751
2,053
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
43
29,294
320
1033
Recoveries of prior year paid obligations
14
1070
Unobligated balance (total)
57
29,294
320
Budget authority:
Appropriations, mandatory:
1200
Appropriation
35,000
1220
Appropriations transferred to other acct [073–1152]
–10,634
1220
Appropriations transferred to other acct [073–0100]
–500
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–15,787
1260
Appropriations, mandatory (total)
35,000
–26,921
1930
Total budgetary resources available
35,057
2,373
320
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–12
1941
Unexpired unobligated balance, end of year
29,294
320
320
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
246
501
501
3010
New obligations, unexpired accounts
5,751
2,053
3020
Outlays (gross)
–5,496
–2,053
3050
Unpaid obligations, end of year
501
501
501
Memorandum (non-add) entries:
3100
Obligated balance, start of year
246
501
501
3200
Obligated balance, end of year
501
501
501
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
35,000
–26,921
Outlays, gross:
4100
Outlays from new mandatory authority
5,496
4101
Outlays from mandatory balances
2,053
4110
Outlays, gross (total)
5,496
2,053
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–14
Additional offsets against gross budget authority only:
4143
Recoveries of prior year paid obligations, unexpired accounts
14
4160
Budget authority, net (mandatory)
35,000
–26,921
4170
Outlays, net (mandatory)
5,482
2,053
4180
Budget authority, net (total)
35,000
–26,921
4190
Outlays, net (total)
5,482
2,053
Summary of Budget Authority and Outlays (in millions of dollars)
2021 actual
2022 est.
2023 est.
Enacted/requested:
Budget Authority
35,000
–26,921
Outlays
5,482
2,053
Legislative proposal, subject to PAYGO:
Budget Authority
–320
Outlays
–320
Total:
Budget Authority
35,000
–26,921
–320
Outlays
5,482
2,053
–320
Emergency EIDL Grants
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 073–0500–4–1–376
2021 actual
2022 est.
2023 est.
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1220
Appropriations transferred to other acct [073–0100]
–320
1930
Total budgetary resources available
–320
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
–320
Change in obligated balance:
Unpaid obligations:
3020
Outlays (gross)
320
3050
Unpaid obligations, end of year
320
Memorandum (non-add) entries:
3200
Obligated balance, end of year
320
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
–320
Outlays, gross:
4101
Outlays from mandatory balances
–320
4180
Budget authority, net (total)
–320
4190
Outlays, net (total)
–320
The Infrastructure Investment and Jobs Act (P.L. 117–58) authorized SBA to transfer up to $500 million in unobligated balances
from Targeted EIDL Advance funds provided in the American Rescue Plan (P.L. 117–2) to SBA Salaries and Expenses for COVID
program administrative needs. The Budget requests the ability to transfer up to an additional $320 million from Targeted EIDL
balances to continue to fund these necessary activities in 2023. This transfer will support the continued oversight and monitoring
needs of SBA's COVID programs, as well as COVID EIDL servicing.
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, $346,257,000, 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 2023: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30,
2024: Provided further, That $20,000,000 shall be available for the Veteran's Small Business certification program as authorized by sections 36
and 36A of the Small Business Act, to be available until September 30, 2024.
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0100–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Executive direction
86
68
75
0002
Capital Access
726
120
25
0003
Gov. Contracting/Bus. Development
32
35
67
0004
Entrepreneurial Development
18
13
11
0005
Chief Operating Office
36
33
32
0006
Office of Chief Information Officer
58
30
42
0007
Regional & district offices
103
6
5
0008
Agency wide costs
62
77
69
0012
Disaster
939
748
426
0013
Investment & Innovation
13
7
3
0014
International Trade
7
7
9
0799
Total direct obligations
2,080
1,144
764
0802
Capital Access
13
266
65
0807
Regional & district offices
1
96
99
0812
Disaster
10
419
177
0813
Investment & Innovation
7
25
29
0899
Total reimbursable obligations
31
806
370
0900
Total new obligations, unexpired accounts
2,111
1,950
1,134
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1,815
871
497
1021
Recoveries of prior year unpaid obligations
16
1033
Recoveries of prior year paid obligations
1
1070
Unobligated balance (total)
1,832
871
497
Budget authority:
Appropriations, discretionary:
1100
Appropriation
270
270
346
1120
Appropriations transferred to other acct [073–1161]
–6
1121
Appropriations transferred from other acct [073–0500]
500
1160
Appropriation, discretionary (total)
264
770
346
Appropriations, mandatory:
1200
Appropriation
890
Spending authority from offsetting collections, discretionary:
1700
Collected - Disaster Transfer
353
618
177
1700
Collected
188
193
1750
Spending auth from offsetting collections, disc (total)
353
806
370
1900
Budget authority (total)
1,507
1,576
716
1930
Total budgetary resources available
3,339
2,447
1,213
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–357
1941
Unexpired unobligated balance, end of year
871
497
79
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
700
559
655
3010
New obligations, unexpired accounts
2,111
1,950
1,134
3011
Obligations ("upward adjustments"), expired accounts
9
3020
Outlays (gross)
–2,233
–1,854
–1,235
3040
Recoveries of prior year unpaid obligations, unexpired
–16
3041
Recoveries of prior year unpaid obligations, expired
–12
3050
Unpaid obligations, end of year
559
655
554
Memorandum (non-add) entries:
3100
Obligated balance, start of year
700
559
655
3200
Obligated balance, end of year
559
655
554
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
617
1,576
716
Outlays, gross:
4010
Outlays from new discretionary authority
349
1,016
486
4011
Outlays from discretionary balances
1,879
588
643
4020
Outlays, gross (total)
2,228
1,604
1,129
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–329
–779
–339
4033
Non-Federal sources
–25
–27
–31
4040
Offsets against gross budget authority and outlays (total)
–354
–806
–370
Additional offsets against gross budget authority only:
4053
Recoveries of prior year paid obligations, unexpired accounts
1
4060
Additional offsets against budget authority only (total)
1
4070
Budget authority, net (discretionary)
264
770
346
4080
Outlays, net (discretionary)
1,874
798
759
Mandatory:
4090
Budget authority, gross
890
Outlays, gross:
4101
Outlays from mandatory balances
5
250
106
4180
Budget authority, net (total)
1,154
770
346
4190
Outlays, net (total)
1,879
1,048
865
Summary of Budget Authority and Outlays (in millions of dollars)
2021 actual
2022 est.
2023 est.
Enacted/requested:
Budget Authority
1,154
770
346
Outlays
1,879
1,048
865
Legislative proposal, subject to PAYGO:
Budget Authority
320
Outlays
320
Total:
Budget Authority
1,154
770
666
Outlays
1,879
1,048
1,185
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 2023 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 $835 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.
Object Classification (in millions of dollars)
Identification code 073–0100–0–1–376
2021 actual
2022 est.
2023 est.
Direct obligations:
Personnel compensation:
11.1
Full-time permanent
233
45
100
11.3
Other than full-time permanent
368
163
197
11.5
Other personnel compensation
162
104
6
11.8
Special personal services payments
31
11.9
Total personnel compensation
794
312
303
12.1
Civilian personnel benefits
168
164
124
13.0
Benefits for former personnel
5
21.0
Travel and transportation of persons
5
1
5
23.1
Rental payments to GSA
47
35
46
23.3
Communications, utilities, and miscellaneous charges
22
8
8
25.1
Advisory and assistance services
8
1
5
25.2
Other services from non-Federal sources
966
572
218
25.3
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)
35
8
8
25.4
Operation and maintenance of facilities
1
25.5
Research and development contracts
2
2
3
25.7
Operation and maintenance of equipment
23
37
38
26.0
Supplies and materials
2
2
3
31.0
Equipment
2
3
41.0
Grants, subsidies, and contributions
2
99.0
Direct obligations
2,080
1,144
764
99.0
Reimbursable obligations
31
806
370
99.9
Total new obligations, unexpired accounts
2,111
1,950
1,134
Employment Summary
Identification code 073–0100–0–1–376
2021 actual
2022 est.
2023 est.
1001
Direct civilian full-time equivalent employment
5,768
8,317
3,242
2001
Reimbursable civilian full-time equivalent employment
78
2,095
2,054
Salaries and Expenses
(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 073–0100–4–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0012
Disaster
320
0799
Total direct obligations
320
0900
Total new obligations, unexpired accounts (object class 25.2)
320
Budgetary resources:
Budget authority:
Appropriations, mandatory:
1221
Appropriations transferred from other acct [073–0500]
320
1900
Budget authority (total)
320
1930
Total budgetary resources available
320
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
320
3020
Outlays (gross)
–320
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
320
Outlays, gross:
4101
Outlays from mandatory balances
320
4180
Budget authority, net (total)
320
4190
Outlays, net (total)
320
The Infrastructure Investment and Jobs Act (P.L. 117–58) authorized SBA to transfer up to $500 million in unobligated balances
from Targeted EIDL Advance funds provided in the American Rescue Plan (P.L. 117–2) to SBA Salaries and Expenses for COVID
program administrative needs. The Budget requests the ability to transfer up to an additional $320 million from Targeted EIDL
balances to continue to fund these necessary activities in 2023. This transfer will support the continued oversight and monitoring
needs of SBA's COVID programs, as well as COVID EIDL servicing.
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,
$32,020,000.
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0200–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Audit
11
13
15
0002
Investigations
13
19
21
0003
Management and Operations
3
5
6
0004
Immediate office and Counsel
1
2
2
0900
Total new obligations, unexpired accounts
28
39
44
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
32
52
39
Budget authority:
Appropriations, discretionary:
1100
Appropriation
47
22
32
1121
Appropriations transferred from other acct [073–1152]
2
2
1131
Unobligated balance of appropriations permanently reduced
–25
1160
Appropriation, discretionary (total)
22
24
34
Appropriations, mandatory:
1200
Appropriation
25
Spending authority from offsetting collections, discretionary:
1700
Collected
2
2
2
1900
Budget authority (total)
49
26
36
1930
Total budgetary resources available
81
78
75
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1
1941
Unexpired unobligated balance, end of year
52
39
31
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
2
2
3010
New obligations, unexpired accounts
28
39
44
3020
Outlays (gross)
–28
–39
–45
3041
Recoveries of prior year unpaid obligations, expired
–1
3050
Unpaid obligations, end of year
2
2
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
2
2
3200
Obligated balance, end of year
2
2
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
24
26
36
Outlays, gross:
4010
Outlays from new discretionary authority
20
26
36
4011
Outlays from discretionary balances
8
6
2
4020
Outlays, gross (total)
28
32
38
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030
Federal sources
–2
–2
–2
Mandatory:
4090
Budget authority, gross
25
Outlays, gross:
4101
Outlays from mandatory balances
7
7
4180
Budget authority, net (total)
47
24
34
4190
Outlays, net (total)
26
37
43
The 2023 Budget proposes $32.0 million in new budget authority and $1.6 million transferred from the Disaster Loans Program
account for a total of $33.6 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
2021 actual
2022 est.
2023 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
15
19
14
12.1
Civilian personnel benefits
7
13
21
25.2
Other services
4
5
7
99.0
Direct obligations
26
37
42
99.0
Reimbursable obligations
2
2
2
99.9
Total new obligations, unexpired accounts
28
39
44
Employment Summary
Identification code 073–0200–0–1–376
2021 actual
2022 est.
2023 est.
1001
Direct civilian full-time equivalent employment
131
172
184
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.), $10,211,000, to remain available until expended.
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0300–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Office of Advocacy (Direct)
7
9
9
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
1
3
3
Budget authority:
Appropriations, discretionary:
1100
Appropriation
9
9
10
1930
Total budgetary resources available
10
12
13
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
3
3
4
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1
1
3010
New obligations, unexpired accounts
7
9
9
3020
Outlays (gross)
–8
–8
–9
3050
Unpaid obligations, end of year
1
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1
1
3200
Obligated balance, end of year
1
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
9
9
10
Outlays, gross:
4010
Outlays from new discretionary authority
7
8
9
4011
Outlays from discretionary balances
1
4020
Outlays, gross (total)
8
8
9
4180
Budget authority, net (total)
9
9
10
4190
Outlays, net (total)
8
8
9
The 2023 Budget proposes $10.2 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
2021 actual
2022 est.
2023 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
5
6
6
12.1
Civilian personnel benefits
1
2
2
25.2
Other services from non-Federal sources
1
1
1
99.9
Total new obligations, unexpired accounts
7
9
9
Employment Summary
Identification code 073–0300–0–1–376
2021 actual
2022 est.
2023 est.
1001
Direct civilian full-time equivalent employment
33
55
55
Entrepreneurial Development Programs
For necessary expenses of programs supporting entrepreneurial and small business development, $318,000,000, to remain available
until September 30, 2024: Provided, That $136,000,000 shall be available to fund grants for performance in fiscal year 2023 or fiscal year 2024 as authorized
by section 21 of the Small Business Act: Provided further, That $41,000,000 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 $19,500,000 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)).
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–0400–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Non-Credit Programs
299
483
335
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
39
240
29
1001
Discretionary unobligated balance brought fwd, Oct 1
31
1021
Recoveries of prior year unpaid obligations
5
1070
Unobligated balance (total)
44
240
29
Budget authority:
Appropriations, discretionary:
1100
Appropriation
322
272
318
Appropriations, mandatory:
1200
Appropriation
175
1900
Budget authority (total)
497
272
318
1930
Total budgetary resources available
541
512
347
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–2
1941
Unexpired unobligated balance, end of year
240
29
12
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
476
531
557
3010
New obligations, unexpired accounts
299
483
335
3011
Obligations ("upward adjustments"), expired accounts
9
3020
Outlays (gross)
–235
–457
–282
3040
Recoveries of prior year unpaid obligations, unexpired
–5
3041
Recoveries of prior year unpaid obligations, expired
–13
3050
Unpaid obligations, end of year
531
557
610
Memorandum (non-add) entries:
3100
Obligated balance, start of year
476
531
557
3200
Obligated balance, end of year
531
557
610
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
322
272
318
Outlays, gross:
4010
Outlays from new discretionary authority
22
95
111
4011
Outlays from discretionary balances
168
227
153
4020
Outlays, gross (total)
190
322
264
Mandatory:
4090
Budget authority, gross
175
Outlays, gross:
4101
Outlays from mandatory balances
45
135
18
4180
Budget authority, net (total)
497
272
318
4190
Outlays, net (total)
235
457
282
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
efforts, such as the HUBZone Program, Federal and State Technology (FAST) Partnership Program, and other outreach and contracting
activities supporting underserved communities and fostering innovation.
Object Classification (in millions of dollars)
Identification code 073–0400–0–1–376
2021 actual
2022 est.
2023 est.
Direct obligations:
11.1
Personnel compensation: Full-time permanent
2
2
2
12.1
Civilian personnel benefits
1
1
1
25.1
Advisory and assistance services
2
25.2
Other services from non-Federal sources
10
80
6
25.3
Other goods and services from Federal sources
1
41.0
Grants, subsidies, and contributions
283
400
326
99.9
Total new obligations, unexpired accounts
299
483
335
Employment Summary
Identification code 073–0400–0–1–376
2021 actual
2022 est.
2023 est.
1001
Direct civilian full-time equivalent employment
18
25
25
Shuttered Venue Operators
Program and Financing (in millions of dollars)
Identification code 073–0700–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Shuttered Venue Grants
9,713
6,537
0900
Total new obligations, unexpired accounts (object class 41.0)
9,713
6,537
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
6,537
Budget authority:
Appropriations, mandatory:
1200
Appropriation
16,250
1930
Total budgetary resources available
16,250
6,537
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6,537
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
17
17
3010
New obligations, unexpired accounts
9,713
6,537
3020
Outlays (gross)
–9,696
–6,537
3050
Unpaid obligations, end of year
17
17
17
Memorandum (non-add) entries:
3100
Obligated balance, start of year
17
17
3200
Obligated balance, end of year
17
17
17
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
16,250
Outlays, gross:
4100
Outlays from new mandatory authority
9,696
4101
Outlays from mandatory balances
6,537
4110
Outlays, gross (total)
9,696
6,537
4180
Budget authority, net (total)
16,250
4190
Outlays, net (total)
9,696
6,537
The Shuttered Venue Operators Grant (SVOG) Program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits,
and Venues Act. The SVOG Program provided funds to support the ongoing operations of eligible live venue operators or promoters,
theatrical producers, live performing arts organization operators, relevant museum operators, motion picture theater operators,
and talent representatives who experienced significant revenue losses due to the effects of the COVID-19 pandemic.
Restaurant Revitalization Fund
Program and Financing (in millions of dollars)
Identification code 073–0800–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
Restaurant Revitalization Grants
28,514
86
0900
Total new obligations, unexpired accounts (object class 41.0)
28,514
86
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
86
Budget authority:
Appropriations, mandatory:
1200
Appropriation
28,600
1930
Total budgetary resources available
28,600
86
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
86
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
47
47
3010
New obligations, unexpired accounts
28,514
86
3020
Outlays (gross)
–28,467
–86
3050
Unpaid obligations, end of year
47
47
47
Memorandum (non-add) entries:
3100
Obligated balance, start of year
47
47
3200
Obligated balance, end of year
47
47
47
Budget authority and outlays, net:
Mandatory:
4090
Budget authority, gross
28,600
Outlays, gross:
4100
Outlays from new mandatory authority
28,467
4101
Outlays from mandatory balances
86
4110
Outlays, gross (total)
28,467
86
4180
Budget authority, net (total)
28,600
4190
Outlays, net (total)
28,467
86
The Restaurant Revitalization Fund (RRF) was established by the American Rescue Plan. The RRF Program provided funds to support
certain payroll and non-payroll expenses for eligible entities in the food and beverage service industry who experienced significant
revenue losses due to the effects of the COVID-19 pandemic.
Information Technology System Modernization and Working Capital Fund
Program and Financing (in millions of dollars)
Identification code 073–1161–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0001
IT Working Capital Fund
7
5
2
0900
Total new obligations, unexpired accounts (object class 25.2)
7
5
2
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
9
8
3
Budget authority:
Appropriations, discretionary:
1121
Appropriations transferred from other acct [073–0100]
6
1930
Total budgetary resources available
15
8
3
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
8
3
1
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
3
6
6
3010
New obligations, unexpired accounts
7
5
2
3020
Outlays (gross)
–4
–5
–2
3050
Unpaid obligations, end of year
6
6
6
Memorandum (non-add) entries:
3100
Obligated balance, start of year
3
6
6
3200
Obligated balance, end of year
6
6
6
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
6
Outlays, gross:
4011
Outlays from discretionary balances
4
5
2
4180
Budget authority, net (total)
6
4190
Outlays, net (total)
4
5
2
The Information Technology Working Capital Fund finances long-term IT modernization projects, including centralized management
of systems, equipment, services, and maintenance.
Surety Bond Guarantees Revolving Fund
Program and Financing (in millions of dollars)
Identification code 073–4156–0–3–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
0801
Reimbursable obligations
15
18
18
0900
Total new obligations, unexpired accounts (object class 42.0)
15
18
18
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
103
106
106
Budget authority:
Spending authority from offsetting collections, discretionary:
1700
Collected
18
18
18
1930
Total budgetary resources available
121
124
124
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
106
106
106
Change in obligated balance:
Unpaid obligations:
3010
New obligations, unexpired accounts
15
18
18
3020
Outlays (gross)
–15
–18
–18
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
18
18
18
Outlays, gross:
4010
Outlays from new discretionary authority
15
18
18
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033
Non-Federal sources
–18
–18
–18
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 2023. Therefore,
no new appropriated funds are requested in the Budget.
BUSINESS LOANS PROGRAM ACCOUNT
(INCLUDING TRANSFER OF FUNDS)
For the cost of direct loans, $6,000,000, 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 2023 commitments to guarantee loans
under section 503 of the Small Business Investment Act of 1958 shall not exceed $9,000,000,000: Provided further, That during fiscal year 2023 commitments for general business loans authorized under paragraphs (1) through (35) of section
7(a) of the Small Business Act shall not exceed $35,000,000,000 for a combination of amortizing term loans and the aggregated
maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2023 commitments for loans authorized under subparagraph (C) of section 502(7) of the Small Business
Investment Act of 1958 (15 U.S.C. 696(7)) shall not exceed $7,500,000,000: Provided further, That during fiscal year 2023 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment
Act of 1958 shall not exceed $5,000,000,000: Provided further, That during fiscal year 2023, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall
not exceed a principal amount of $15,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed
loan programs, $165,300,000, which may be transferred to and merged with the appropriations for Salaries and Expenses.
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
Identification code 073–1154–0–1–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
4
7
9
0702
Loan guarantee subsidy
283,623
0703
Subsidy for modifications of direct loans
28
0704
Subsidy for modifications of loan guarantees
7,013
0705
Reestimates of direct loan subsidy
16
0706
Interest on reestimates of direct loan subsidy
2
1
0707
Reestimates of loan guarantee subsidy
1,998
9,506
0708
Interest on reestimates of loan guarantee subsidy
40
44
0709
Administrative expenses
160
160
165
0900
Total new obligations, unexpired accounts
292,884
9,718
174
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
147,234
7,213
3,364
1001
Discretionary unobligated balance brought fwd, Oct 1
49
69
1021
Recoveries of prior year unpaid obligations
1,865
1,000
3
1070
Unobligated balance (total)
149,099
8,213
3,367
Budget authority:
Appropriations, discretionary:
1100
Appropriation
180
180
171
1100
Appropriation EAA
1,925
1160
Appropriation, discretionary (total)
2,105
180
171
Appropriations, mandatory:
1200
Appropriation
297,255
9,551
1230
Appropriations and/or unobligated balance of appropriations permanently reduced
–146,500
–4,862
1260
Appropriations, mandatory (total)
150,755
4,689
1900
Budget authority (total)
152,860
4,869
171
1930
Total budgetary resources available
301,959
13,082
3,538
Memorandum (non-add) entries:
1940
Unobligated balance expiring
–1,862
1941
Unexpired unobligated balance, end of year
7,213
3,364
3,364
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
6,477
1,189
1
3010
New obligations, unexpired accounts
292,884
9,718
174
3020
Outlays (gross)
–296,307
–9,906
–172
3040
Recoveries of prior year unpaid obligations, unexpired
–1,865
–1,000
–3
3050
Unpaid obligations, end of year
1,189
1
Memorandum (non-add) entries:
3100
Obligated balance, start of year
6,477
1,189
1
3200
Obligated balance, end of year
1,189
1
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
2,105
180
171
Outlays, gross:
4010
Outlays from new discretionary authority
1,003
162
168
4011
Outlays from discretionary balances
23
93
4
4020
Outlays, gross (total)
1,026
255
172
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)
2,105
180
171
4080
Outlays, net (discretionary)
1,025
255
172
Mandatory:
4090
Budget authority, gross
150,755
4,689
Outlays, gross:
4100
Outlays from new mandatory authority
290,035
9,551
4101
Outlays from mandatory balances
5,246
100
4110
Outlays, gross (total)
295,281
9,651
4180
Budget authority, net (total)
152,860
4,869
171
4190
Outlays, net (total)
296,306
9,906
172
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1154–0–1–376
2021 actual
2022 est.
2023 est.
Direct loan levels supportable by subsidy budget authority:
115001
7(m) Direct Microloans
49
110
110
115999
Total direct loan levels
49
110
110
Direct loan subsidy (in percent):
132001
7(m) Direct Microloans
8.99
6.28
8.18
132999
Weighted average subsidy rate
8.99
6.28
8.18
Direct loan subsidy budget authority:
133001
7(m) Direct Microloans
4
7
9
133999
Total subsidy budget authority
4
7
9
Direct loan subsidy outlays:
134001
7(m) Direct Microloans
3
6
7
134012
CARES Act S. 1112 Direct Loans
29
134999
Total subsidy outlays
32
6
7
Direct loan reestimates:
135001
7(m) Direct Microloans
18
–7
135999
Total direct loan reestimates
18
–7
Guaranteed loan levels supportable by subsidy budget authority:
215002
7(a) General Business Loan Guarantees
4,986
30,000
35,000
215004
Section 504 Certified Development Companies Debentures
1,566
7,500
9,000
215006
SBIC Debentures
3,954
4,000
5,000
215010
Secondary Market Guarantee
8,981
13,000
15,000
215027
504 Commercial Real Estate (CRE) Refinance Program
110
7,500
7,500
215039
Paycheck Protection Program (PPP)
271,814
215040
7(a) General Business—PL 116–260 Part-Year COVID Support
29,903
215041
Section 504 Debentures—PL 116–260 Part-Year COVID Support
5,907
215042
504 CRE Refinance—PL 116–260 Part-Year COVID Support
591
215999
Total loan guarantee levels
327,812
62,000
71,500
Guaranteed loan subsidy (in percent):
232002
7(a) General Business Loan Guarantees
0.08
0.00
0.00
232004
Section 504 Certified Development Companies Debentures
0.00
0.00
0.00
232006
SBIC Debentures
0.00
0.00
0.00
232010
Secondary Market Guarantee
0.00
0.00
0.00
232027
504 Commercial Real Estate (CRE) Refinance Program
0.00
0.00
0.00
232039
Paycheck Protection Program (PPP)
103.70
0.00
0.00
232040
7(a) General Business—PL 116–260 Part-Year COVID Support
5.40
0.00
0.00
232041
Section 504 Debentures—PL 116–260 Part-Year COVID Support
2.04
0.00
0.00
232042
504 CRE Refinance—PL 116–260 Part-Year COVID Support
2.12
0.00
0.00
232999
Weighted average subsidy rate
86.52
0.00
0.00
Guaranteed loan subsidy budget authority:
233002
7(a) General Business Loan Guarantees
4
233039
Paycheck Protection Program (PPP)
281,871
233040
7(a) General Business—PL 116–260 Part-Year COVID Support
1,615
233041
Section 504 Debentures—PL 116–260 Part-Year COVID Support
121
233042
504 CRE Refinance—PL 116–260 Part-Year COVID Support
13
233999
Total subsidy budget authority
283,624
Guaranteed loan subsidy outlays:
234002
7(a) General Business Loan Guarantees
24
234004
Section 504 Certified Development Companies Debentures
3
3
234010
Secondary Market Guarantee
–13
234014
CARES Act S. 1112 Guaranteed Loans
3,472
234039
Paycheck Protection Program (PPP)
289,716
234040
7(a) General Business—PL 116–260 Part-Year COVID Support
794
234041
Section 504 Debentures—PL 116–260 Part-Year COVID Support
38
234042
504 CRE Refinance—PL 116–260 Part-Year COVID Support
4
234999
Total subsidy outlays
294,035
3
3
Guaranteed loan reestimates:
235002
7(a) General Business Loan Guarantees
–926
–542
235003
7(a) General Business Loan Guarantees—STAR
–1
235004
Section 504 Certified Development Companies Debentures
–157
–205
235006
SBIC Debentures
5
–280
235007
SBIC Participating Securities
–53
–47
235008
SBIC New Market Venture Capital
7
5
235010
Secondary Market Guarantee
38
–72
235015
Secondary Market 504 First Mortgage Guarantees—ARRA
3
235017
7(a) General Business Loan Guarantees—ARRA
–6
5
235018
Section 504 Certified Development Companies—ARRA
–14
2
235026
Section 504 Certified Development Companies Debentures—ARRA Ext
–6
2
235027
504 Commercial Real Estate (CRE) Refinance Program
–80
–62
235028
7(a) Business Loan Guarantees—ARRA Extension
–21
2
235039
Paycheck Protection Program (PPP)
–4,029
4,153
235040
7(a) General Business—PL 116–260 Part-Year COVID Support
–532
235041
Section 504 Debentures—PL 116–260 Part-Year COVID Support
–38
235042
504 CRE Refinance—PL 116–260 Part-Year COVID Support
–9
235999
Total guaranteed loan reestimates
–5,243
2,385
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 2023, the Budget proposes $171.3 million in new budget authority for the Business Loans Program account. This includes
$160.3 million in administrative expenses funding; $5.0 million to help facilitate access to capital to support climate change
resiliency and the clean energy economy; and $6.0 million in credit subsidy for the direct Microloan Program to support a
program level of $110 million. The 2023 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 $35 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 $9 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 $7.5 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 2023 Budget continues to support innovative financial
instruments through the SBA's SBIC program by providing up to $5 billion in long-term guaranteed loans to support venture
capital investments in small businesses. In addition, the Budget supports a $15 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.
Object Classification (in millions of dollars)
Identification code 073–1154–0–1–376
2021 actual
2022 est.
2023 est.
Direct obligations:
25.3
Other goods and services from Federal sources
160
160
165
41.0
Grants, subsidies, and contributions
292,724
9,558
9
99.9
Total new obligations, unexpired accounts
292,884
9,718
174
Business Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4148–0–3–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
49
110
110
0713
Payment of interest to Treasury
6
7
7
0716
Subsidy Modification
26
1
0742
Downward reestimates paid to receipt accounts
7
0743
Interest on downward reestimates
1
0900
Total new obligations, unexpired accounts
81
126
117
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
2
11
1021
Recoveries of prior year unpaid obligations
3
9
3
1023
Unobligated balances applied to repay debt
–9
–3
1070
Unobligated balance (total)
5
11
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
44
97
101
Spending authority from offsetting collections, mandatory:
1800
Collected
89
50
50
1801
Change in uncollected payments, Federal sources
1
1825
Spending authority from offsetting collections applied to repay debt
–47
–32
–34
1850
Spending auth from offsetting collections, mand (total)
43
18
16
1900
Budget authority (total)
87
115
117
1930
Total budgetary resources available
92
126
117
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
11
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
42
50
82
3010
New obligations, unexpired accounts
81
126
117
3020
Outlays (gross)
–70
–85
–104
3040
Recoveries of prior year unpaid obligations, unexpired
–3
–9
–3
3050
Unpaid obligations, end of year
50
82
92
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–4
–5
–5
3070
Change in uncollected pymts, Fed sources, unexpired
–1
3090
Uncollected pymts, Fed sources, end of year
–5
–5
–5
Memorandum (non-add) entries:
3100
Obligated balance, start of year
38
45
77
3200
Obligated balance, end of year
45
77
87
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
87
115
117
Financing disbursements:
4110
Outlays, gross (total)
70
85
104
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Federal sources: Subsidy from program account
–32
–7
–7
4120
Upward reestimate
–16
4120
Interest on reestimate
–2
–1
4122
Interest on uninvested funds
–2
–2
–2
4123
Repayments of principal, net
–37
–37
–39
4123
Other income
–3
–2
4130
Offsets against gross budget authority and outlays (total)
–89
–50
–50
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–1
4160
Budget authority, net (mandatory)
–3
65
67
4170
Outlays, net (mandatory)
–19
35
54
4180
Budget authority, net (total)
–3
65
67
4190
Outlays, net (total)
–19
35
54
Status of Direct Loans (in millions of dollars)
Identification code 073–4148–0–3–376
2021 actual
2022 est.
2023 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
49
82
82
1121
Limitation available from carry-forward
22
53
53
1143
Unobligated limitation carried forward (-)
–22
–25
–25
1150
Total direct loan obligations
49
110
110
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
217
219
250
1231
Disbursements: Direct loan disbursements
37
67
98
1251
Repayments: Repayments and prepayments
–35
–36
–40
1290
Outstanding, end of year
219
250
308
Balance Sheet (in millions of dollars)
Identification code 073–4148–0–3–376
2020 actual
2021 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
34
42
Investments in U.S. securities:
1106
Receivables, net
14
1
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
217
219
1402
Interest receivable
1
1
1405
Allowance for subsidy cost (-)
–31
–31
1499
Net present value of assets related to direct loans
187
189
1999
Total assets
235
232
LIABILITIES:
Federal liabilities:
2103
Debt
234
224
2104
Resources payable to Treasury (Downward Reestimate)
1
2105
Resources payable to Treasury (Downward Reestaimate)
8
2201
Non-Federal liabilities: Accounts payable
2999
Total liabilities
235
232
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
235
232
Business Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4149–0–3–376
2021 actual
2022 est.
2023 est.
Obligations by program activity:
Credit program obligations:
0711
Default claim payments on principal
1,006
10,136
1,802
0712
Default claim payments on interest
48
298
100
0713
Payment of interest to Treasury
67
60
80
0715
Other Expenses
78
62
72
0716
Subsidy Modification
3,496
371
38
0717
PPP Forgiveness
582,693
216,595
389
0718
Fee Reimbursement
98
0742
Downward reestimates paid to receipt accounts
1,257
5,099
0743
Interest on downward reestimates
6,023
2,068
0900
Total new obligations, unexpired accounts
594,766
234,689
2,481
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
525,188
227,414
4,679
1021
Recoveries of prior year unpaid obligations
4
1023
Unobligated balances applied to repay debt
–157
1070
Unobligated balance (total)
525,035
227,414
4,679
Financing authority:
Appropriations, mandatory:
1200
Appropriation
36
Borrowing authority, mandatory:
1400
Borrowing authority
97
356
356
Spending authority from offsetting collections, mandatory:
1800
Collected
302,314
11,598
2,377
1801
Change in uncollected payments, Federal sources
–5,288
1820
Capital transfer of spending authority from offsetting collections to general fund
–14
1850
Spending auth from offsetting collections, mand (total)
297,012
11,598
2,377
1900
Budget authority (total)
297,145
11,954
2,733
1930
Total budgetary resources available
822,180
239,368
7,412
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
227,414
4,679
4,931
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
313
149
1,655
3010
New obligations, unexpired accounts
594,766
234,689
2,481
3020
Outlays (gross)
–594,926
–233,183
–2,347
3040
Recoveries of prior year unpaid obligations, unexpired
–4
3050
Unpaid obligations, end of year
149
1,655
1,789
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–6,475
–1,187
–1,187
3070
Change in uncollected pymts, Fed sources, unexpired
5,288
3090
Uncollected pymts, Fed sources, end of year
–1,187
–1,187
–1,187
Memorandum (non-add) entries:
3100
Obligated balance, start of year
–6,162
–1,038
468
3200
Obligated balance, end of year
–1,038
468
602
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
297,145
11,954
2,733
Financing disbursements:
4110
Outlays, gross (total)
594,926
233,183
2,347
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Subsidy from program account
–294,058
–3
–3
4120
Upward reestimate
–1,998
–9,506
4120
Interest on reestimate
–40
–44
4122
Interest on uninvested funds
–4,205
–90
–90
4123
Fees
–1,151
–1,487
–1,748
4123
Principal
–690
–399
–461
4123
Interest
–68
–39
–45
4123
Sale of Foreclosed Property
–8
4123
Other
–96
–30
–30
4130
Offsets against gross budget authority and outlays (total)
–302,314
–11,598
–2,377
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
5,288
4160
Budget authority, net (mandatory)
119
356
356
4170
Outlays, net (mandatory)
292,612
221,585
–30
4180
Budget authority, net (total)
119
356
356
4190
Outlays, net (total)
292,612
221,585
–30
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–0–3–376
2021 actual
2022 est.
2023 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
385,529
62,000
71,500
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
–57,717
2150
Total guaranteed loan commitments
327,812
62,000
71,500
2199
Guaranteed amount of guaranteed loan commitments
327,812
62,000
71,500
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
646,028
459,593
196,769
2231
Disbursements of new guaranteed loans
308,926
44,971
52,403
2251
Repayments and prepayments
–494,067
–296,989
–34,809
Adjustments:
2261
Terminations for default that result in loans receivable
–1,082
–8,609
–1,599
2263
Terminations for default that result in claim payments
–220
–2,197
–408
2264
Other adjustments, net
8
2290
Outstanding, end of year
459,593
196,769
212,356
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
435,291
186,363
201,124
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
3,526
3,403
11,582
2331
Disbursements for guaranteed loan claims
860
10,235
1,901
2351
Repayments of loans receivable
–618
–439
–505
2361
Write-offs of loans receivable
–520
–1,617
–1,598
2364
Other adjustments, net
155
2390
Outstanding, end of year
3,403
11,582
11,380
Balance Sheet (in millions of dollars)
Identification code 073–4149–0–3–376
2020 actual
2021 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
519,026
226,376
Investments in U.S. securities:
1106
Receivables, net
2,611
9,564
1206
Non-Federal assets: Receivables, net
108
67
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
3,526
3,403
1502
Interest receivable
1504
Foreclosed property
31
27
1505
Allowance for subsidy cost (-)
–2,215
–2,259
1599
Net present value of assets related to defaulted guaranteed loans
1,342
1,171
1999
Total assets
523,087
237,178
LIABILITIES:
Federal liabilities:
2103
Debt
2,293
2,233
2105
Other
8,058
7,043
Non-Federal liabilities:
2201
Accounts payable
24
70
2204
Liabilities for loan guarantees
512,712
227,832
2999
Total liabilities
523,087
237,178
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
523,087
237,178
Business Guaranteed Loan Financing Account
(Legislative proposal, not subject to PAYGO)
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4149–2–3–376
2021 actual
2022 est.
2023 est.
Position with respect to appropriations act limitation on commitments:
2111
Guaranteed loan commitments from current-year authority
2121
Limitation available from carry-forward
2142
Uncommitted loan guarantee limitation
2150
Total guaranteed loan commitments
2199
Guaranteed amount of guaranteed loan commitments
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
2231
Disbursements of new guaranteed loans
–24
2251
Repayments and prepayments
Adjustments:
2261
Terminations for default that result in loans receivable
2263
Terminations for default that result in claim payments
2264
Other adjustments, net
2290
Outstanding, end of year
–24
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
–23
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
2331
Disbursements for guaranteed loan claims
2351
Repayments of loans receivable
2361
Write-offs of loans receivable
2364
Other adjustments, net
2390
Outstanding, end of year
Business Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4154–0–3–376
2021 actual
2022 est.
2023 est.
Budgetary resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
2
3
1
1820
Capital transfer of spending authority from offsetting collections to general fund
–2
–3
–1
Budget authority and outlays, net:
Mandatory:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123
Non-Federal sources
–2
–3
–1
4180
Budget authority, net (total)
–2
–3
–1
4190
Outlays, net (total)
–2
–3
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2021 actual
2022 est.
2023 est.
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
1
7
7
1264
Other adjustments, net (+ or -)
6
1290
Outstanding, end of year
7
7
7
Status of Guaranteed Loans (in millions of dollars)
Identification code 073–4154–0–3–376
2021 actual
2022 est.
2023 est.
Cumulative balance of guaranteed loans outstanding:
2210
Outstanding, start of year
2251
Repayments and prepayments
2290
Outstanding, end of year
Memorandum:
2299
Guaranteed amount of guaranteed loans outstanding, end of year
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310
Outstanding, start of year
1
1
1
2331
Disbursements for guaranteed loan claims
2351
Repayments of loans receivable
2361
Write-offs of loans receivable
–1
2364
Other adjustments, net
1
2390
Outstanding, end of year
1
1
1
Balance Sheet (in millions of dollars)
Identification code 073–4154–0–3–376
2020 actual
2021 actual
ASSETS:
1101
Federal assets: Fund balances with Treasury
1206
Non-Federal assets: Receivables, net
1601
Direct loans, gross
1
7
1602
Interest receivable
1603
Allowance for estimated uncollectible loans and interest (-)
–1
–7
1604
Direct loans and interest receivable, net
1606
Foreclosed property
5
4
1699
Value of assets related to direct loans
5
4
1701
Defaulted guaranteed loans, gross
1
1
1703
Allowance for estimated uncollectible loans and interest (-)
1799
Value of assets related to loan guarantees
1
1
1801
Other Federal assets: Cash and other monetary assets
10
3
1999
Total assets
16
8
LIABILITIES:
Federal liabilities:
2102
Interest payable
2104
Resources payable to Treasury
15
8
2201
Non-Federal liabilities: Accounts payable
1
2999
Total liabilities
16
8
NET POSITION:
3100
Unexpended appropriations
3300
Cumulative results of operations
3999
Total net position
4999
Total liabilities and net position
16
8
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, $179,000,000,
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 $169,000,000 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: Provided, That of the funds provided under this heading, $143,000,000 shall be for major disasters declared pursuant to the Robert
T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)): Provided further, That the amount for major disasters under this heading is designated by Congress as being for disaster relief pursuant to
a concurrent resolution on the budget.
Note.—A full-year 2022 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, 2022 (Division A of Public Law 117–43, as
amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
(Disaster Relief Supplemental Appropriations Act, 2022.)
Program and Financing (in millions of dollars)
Identification code 073–1152–0–1–453
2021 actual
2022 est.
2023 est.
Obligations by program activity:
Credit program obligations:
0701
Direct loan subsidy
7,180
15,208
191
0703
Subsidy for modifications of direct loans
608
0705
Reestimates of direct loan subsidy
83
715
0706
Interest on reestimates of direct loan subsidy
1,496
196
0709
Administrative expenses
332
687
179
0900
Total new obligations, unexpired accounts
9,091
17,414
370
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
25,007
18,302
501
1001
Discretionary unobligated balance brought fwd, Oct 1
25,007
1021
Recoveries of prior year unpaid obligations
179
213
280
1070
Unobligated balance (total)
25,186
18,515
781
Budget authority:
Appropriations, discretionary:
1100
Appropriation
25
25
36
1100
Appropriation, disaster relief pursuant Stafford Act
143
143
143
1100
Appropriation, CR Supplemental
1,189
1120
Appropriations transferred to other acct [073–0200]
–2
–2
1121
Appropriations transferred from other acct [073–0500]
10,634
1131
Unobligated balance of appropriations permanently reduced
–13,500
1160
Appropriation, discretionary (total)
168
–1,511
177
Appropriations, mandatory:
1200
Appropriation
1,579
911
1200
Appropriation ARPA
460
1260
Appropriations, mandatory (total)
2,039
911
1900
Budget authority (total)
2,207
–600
177
1930
Total budgetary resources available
27,393
17,915
958
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
18,302
501
588
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
1,879
2,329
3,708
3010
New obligations, unexpired accounts
9,091
17,414
370
3020
Outlays (gross)
–8,462
–15,822
–370
3040
Recoveries of prior year unpaid obligations, unexpired
–179
–213
–280
3050
Unpaid obligations, end of year
2,329
3,708
3,428
Memorandum (non-add) entries:
3100
Obligated balance, start of year
1,879
2,329
3,708
3200
Obligated balance, end of year
2,329
3,708
3,428
Budget authority and outlays, net:
Discretionary:
4000
Budget authority, gross
168
–1,511
177
Outlays, gross:
4010
Outlays from new discretionary authority
168
11,858
177
4011
Outlays from discretionary balances
6,670
2,638
193
4020
Outlays, gross (total)
6,838
14,496
370
Mandatory:
4090
Budget authority, gross
2,039
911
Outlays, gross:
4100
Outlays from new mandatory authority
1,624
911
4101
Outlays from mandatory balances
415
4110
Outlays, gross (total)
1,624
1,326
4180
Budget authority, net (total)
2,207
–600
177
4190
Outlays, net (total)
8,462
15,822
370
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
Identification code 073–1152–0–1–453
2021 actual
2022 est.
2023 est.
Direct loan levels supportable by subsidy budget authority:
115001
Disaster Assistance Loans
1,741
7,300
1,479
115004
COVID Economic Injury Disaster Loans
78,478
124,180
115999
Total direct loan levels
80,219
131,480
1,479
Direct loan subsidy (in percent):
132001
Disaster Assistance Loans
8.95
8.96
12.91
132004
COVID Economic Injury Disaster Loans
8.95
11.72
0.00
132999
Weighted average subsidy rate
8.95
11.57
12.91
Direct loan subsidy budget authority:
133001
Disaster Assistance Loans
156
654
191
133004
COVID Economic Injury Disaster Loans
7,024
14,554
133999
Total subsidy budget authority
7,180
15,208
191
Direct loan subsidy outlays:
134001
Disaster Assistance Loans
130
439
191
134004
COVID Economic Injury Disaster Loans
6,540
13,467
134999
Total subsidy outlays
6,670
13,906
191
Direct loan reestimates:
135001
Disaster Assistance Loans
–669
–196
135002
Economic Injury Disaster Loans—Terrorist Attack
–1
135004
COVID Economic Injury Disaster Loans
–18,236
–3,584
135999
Total direct loan reestimates
–18,905
–3,781
Administrative expense data:
3510
Budget authority
558
618
179
3590
Outlays from new authority
213
618
179
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. This includes Economic
Injury Disaster Loans for COVID-19.
The Budget requests $143 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 $36 million
for administrative expenses related to non-major disasters and disaster mitigation. This includes $5 million to help facilitate
access to capital to support climate change resiliency and the clean energy economy.
Object Classification (in millions of dollars)
Identification code 073–1152–0–1–453
2021 actual
2022 est.
2023 est.
Direct obligations:
25.3
Other goods and services from Federal sources
332
687
179
41.0
Grants, subsidies, and contributions
8,759
16,727
191
99.9
Total new obligations, unexpired accounts
9,091
17,414
370
Disaster Direct Loan Financing Account
Program and Financing (in millions of dollars)
Identification code 073–4150–0–3–453
2021 actual
2022 est.
2023 est.
Obligations by program activity:
Credit program obligations:
0710
Direct loan obligations
80,219
131,480
1,479
0713
Payment of interest to Treasury
3,963
5,000
400
0715
Other
19
25
25
0742
Downward reestimates paid to receipt accounts
20,476
4,663
0743
Interest on downward reestimates
7
29
0900
Total new obligations, unexpired accounts
104,684
141,197
1,904
Budgetary resources:
Unobligated balance:
1000
Unobligated balance brought forward, Oct 1
133
6,734
10,676
1021
Recoveries of prior year unpaid obligations
1,314
1,500
374
1023
Unobligated balances applied to repay debt
–131
1070
Unobligated balance (total)
1,316
8,234
11,050
Financing authority:
Borrowing authority, mandatory:
1400
Borrowing authority
93,794
122,471
10,000
Spending authority from offsetting collections, mandatory:
1800
Collected
20,402
27,643
32,944
1801
Change in uncollected payments, Federal sources
331
1820
Capital transfer of spending authority from offsetting collections to general fund
–6,475
–965
1825
Spending authority from offsetting collections applied to repay debt
–4,425
1850
Spending auth from offsetting collections, mand (total)
16,308
21,168
31,979
1900
Budget authority (total)
110,102
143,639
41,979
1930
Total budgetary resources available
111,418
151,873
53,029
Memorandum (non-add) entries:
1941
Unexpired unobligated balance, end of year
6,734
10,676
51,125
Change in obligated balance:
Unpaid obligations:
3000
Unpaid obligations, brought forward, Oct 1
13,877
19,288
54,085
3010
New obligations, unexpired accounts
104,684
141,197
1,904
3020
Outlays (gross)
–97,959
–104,900
–25,526
3040
Recoveries of prior year unpaid obligations, unexpired
–1,314
–1,500
–374
3050
Unpaid obligations, end of year
19,288
54,085
30,089
Uncollected payments:
3060
Uncollected pymts, Fed sources, brought forward, Oct 1
–1,879
–2,210
–2,210
3070
Change in uncollected pymts, Fed sources, unexpired
–331
3090
Uncollected pymts, Fed sources, end of year
–2,210
–2,210
–2,210
Memorandum (non-add) entries:
3100
Obligated balance, start of year
11,998
17,078
51,875
3200
Obligated balance, end of year
17,078
51,875
27,879
Financing authority and disbursements, net:
Mandatory:
4090
Budget authority, gross
110,102
143,639
41,979
Financing disbursements:
4110
Outlays, gross (total)
97,959
104,900
25,526
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120
Payments from program account
–6,670
–13,906
–191
4120
Upward reestimate
–82
–715
4120
Interest on upward reestimate
–1,496
–196
4122
Interest income from Treasury
–1,021
–1,500
–4,000
4123
Repayments of principal, net
–11,133
–11,326
–28,753
4130
Offsets against gross budget authority and outlays (total)
–20,402
–27,643
–32,944
Additional offsets against financing authority only (total):
4140
Change in uncollected pymts, Fed sources, unexpired
–331
4160
Budget authority, net (mandatory)
89,369
115,996
9,035
4170
Outlays, net (mandatory)
77,557
77,257
–7,418
4180
Budget authority, net (total)
89,369
115,996
9,035
4190
Outlays, net (total)
77,557
77,257
–7,418
Status of Direct Loans (in millions of dollars)
Identification code 073–4150–0–3–453
2021 actual
2022 est.
2023 est.
Position with respect to appropriations act limitation on obligations:
1111
Direct loan obligations from current-year authority
486
93,792
1121
Limitation available from carry-forward
268,028
39,167
1,479
1143
Unobligated limitation carried forward (-)
–188,295
–1,479
1150
Total direct loan obligations
80,219
131,480
1,479
Cumulative balance of direct loans outstanding:
1210
Outstanding, start of year
187,039
256,712
348,652
1231
Disbursements: Direct loan disbursements
74,505
104,900
25,526
1251
Repayments: Repayments and prepayments
–8,972
–11,111
–7,453
1263
Write-offs for default: Direct loans
–38
–1,849
–5,696
1264
Other adjustments, net (+ or -)
4,178
1290
Outstanding, end of year
256,712
348,652
361,029
Balance Sheet (in millions of dollars)
Identification code 073–4150–0–3–453
2020 actual
2021 actual
ASSETS:
Federal assets:
1101
Fund balances with Treasury
11,217
20,212
Investments in U.S. securities:
1106
Receivables, net
1,578
911
Net value of assets related to post-1991 direct loans receivable:
1401
Direct loans receivable, gross
187,039
256,712
1402
Interest receivable
1404
Foreclosed property
4
3
1405
Allowance for subsidy cost (-)
–5,641
–12,634
1499
Net present value of assets related to direct loans
181,402
244,081
1999
Total assets
194,197
265,204
LIABILITIES:
Federal liabilities:
2103
Debt
173,646
260,198
2105
Other
20,483
4,692
2201
Non-Federal liabilities: Accounts payable
68
314
2999
Total liabilities
194,197
265,204
NET POSITION:
3300
Cumulative results of operations
4999
Total liabilities and net position
194,197
265,204
Disaster Loan Fund Liquidating Account
Program and Financing (in millions of dollars)
Identification code 073–4153–0–3–453
2021 actual
2022 est.
2023 est.
Budgetary resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800
Collected
1
1
1820
Capital transfer of spending authority from offsetting collections to general fund
–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
4180
Budget authority, net (total)
–1
–1
4190
Outlays, net (total)
–1
–1
Status of Direct Loans (in millions of dollars)
Identification code 073–4153–0–3–453
2021 actual
2022 est.
2023 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
2020 actual
2021 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)
2021 actual
2022 est.
2023 est.
Offsetting receipts from the public:
073–272130
Disaster Loan Program, Downward Reestimates of Subsidies
20,483
4,692
073–272210
Business Loan Program, Negative Subsidies
24
073–272230
Business Loan Program, Downward Reestimates of Subsidies
7,280
7,175
073–322000
All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
50
General Fund Offsetting receipts from the public
27,837
11,867
Intragovernmental payments:
073–388500
Undistributed Intragovernmental Payments
1
General Fund Intragovernmental payments
1
ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION
'
(INCLUDING TRANSFERS OF FUNDS)
SEC. 540. Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Small Business Administration
in this Act may be transferred between such appropriations, but no such appropriation shall be increased by more than 10 percent
by any such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section 608 of this Act
and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section.SEC. 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 notice to 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, 2026.SEC. 542. 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. 543. 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. 544. 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. 545. 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. 546. Permanent Increase to the Unsecured Threshold on Physical Disaster.—Section 2102(b) of the RISE After Disaster Act of 2015 (Public Law 114–88) is repealed.SEC. 547. Small Business Development Centers 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.".
SEC. 548. Section 20(g) of the Small Business Act (15 U.S.C. 631 note) is amended— (1) in the heading, by striking "GENERAL BUSINESS LOANS" and inserting "COMMITMENTS FOR LOANS AND DEBENTURES"; and
(2) in paragraph (1)—
(A) by striking "2019" and inserting "2023";
(B) by striking "section 7(a)" and inserting "paragraphs (1) through (35) of section 7(a) of the Small Business Act, guarantees
of debentures under section 303(b) of the Small Business Investment Act of 1958, or loans authorized under section 503 of
the Small Business Investment Act of 1958";
(C) by inserting "or debentures" prior to "under this Act"; and
(D) by inserting "or debentures" prior to "for that fiscal year".