United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-08-31 monographic deposited born digital 38 p. GA 1.13:GAO-04-885 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-885 P0b002ee180396277 f:d04885 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-04-885 machine generated eng fdlp REPORT GAOREPORTS-GAO-04-885 GAO-04-885 Disaster relief aid Eligibility criteria Eligibility determinations Program management Small business Small business assistance Direct loans Emergency loans Policy evaluation Policies and procedures SBA Disaster Loan Program Other Written Product A11980 The Small Business Administration (SBA) played a key role in assisting small businesses affected by the September 11, 2001 terrorist attacks by providing over $1 billion in disaster loans to businesses that sustained physical damage or economic injury. Small businesses in the immediate areas of the attacks and others nationwide that suffered related economic injury were eligible to apply for disaster loans. SBA declined or withdrew about half of these loan applications. SBA's disaster loans are direct federal government loans provided at a subsidized interest rate. In response to concerns that more small businesses impacted by September 11 could have benefited from SBA's disaster loans, GAO conducted a review of its Disaster Loan Program. Specifically, GAO addressed the following questions: (1) Are the disaster program policies consistent with the law and the overall mission of SBA's Disaster Loan Program? (2) What were SBA's underwriting policies and criteria for September 11 Economic Injury Disaster Loans (EIDL) and how did they compare with those applied by nonprofit lenders that were active in New York City after September 11? (3) Did SBA correctly apply its policies and procedures in its disposition of September 11 EIDLs? https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-885/html/GAOREPORTS-GAO-04-885.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-885/pdf/GAOREPORTS-GAO-04-885.pdf GAO-04-885 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-885 Other Written Product GAO-04-885; Small Business Administration: SBA Followed Appropriate Policies and Procedures for September 11 Disaster Loan Applications; Disaster relief aid Eligibility criteria Eligibility determinations Program management Small business Small business assistance Direct loans Emergency loans Policy evaluation Policies and procedures SBA Disaster Loan Program Volume 115 Page 2297 115 Stat. 2297 Public Law 90-448 Public Law 104-193 Public Law 107-117