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Accession Number
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PB2013-102791
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Title
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Small Business Lending: Opportunities Exist to Improve Performance Reporting of Treasury's Programs.
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Publication Date
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Dec 2012
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Media Count
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56p
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Personal Author
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N/A
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Abstract
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The Small Business Jobs Act of 2010 aimed to stimulate job growth by, among other things, establishing the SBLF and SSBCI programs within Treasury. SBLF uses capital investments to encourage community banks with assets of less than $10 billion to increase their small business lending. SSBCI provides funding to strengthen state and municipal programs that support lending to small businesses. Under the act, GAO is required to conduct an audit of both programs annually. GAO's first reports were on the programs' implementation and made recommendations. This second report examines (1) the status of Treasury's efforts to monitor participants' compliance with program requirements under SBLF and SSBCI, (2) the status of SBLF's and SSBCI's small business lending, and (3) Treasury's evaluation of SBLF and SSBCI and communication of outcomes to Congress and interested parties. GAO reviewed Treasury documents on SBLF and SSBCI procedures; analyzed the most recent available performance information for both programs and data on financial institutions; and interviewed officials from Treasury and nine states participating in SSBCI.
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Keywords
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Assets
Audits
Banks
Capital
Compliance
Credits
Department of the Treasury
Financial institutions
Implementation
Job growth
Lending programs
Monitoring
Opportunities
Performance evaluation
Recommendations
Small businesses
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Source Agency
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General Accounting Office
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NTIS Subject Category
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96 - Business & Economics
96F - Banking & Finance
70B - Management Practice
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Corporate Author
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Government Accountability Office, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1306
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Contract Number
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N/A
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