The Small company Administration’s (SBA) function is to promote small company advancement and entrepreneurship through company funding, federal government contracting, and technical help programs. SBA’s biggest service funding program is its 7( a) program, which supplies assurances on loans made by private-sector loan providers to small companies that can not get funding under affordable conditions from the economic sector.
In addition, SBA’s Workplace of Catastrophe Help makes direct loans to families to fix or change broken houses and personal effects and to organizations to assist with physical damage and financial losses.
This testament, which is based upon a variety of reports that GAO released because 1998, goes over (1) modifications in SBA’s oversight of the 7( a) organization loan program; (2) actions SBA has actually required to enhance its management of infotech, human capital, and monetary reporting for service loans; and (3) SBA’s administration of its catastrophe loan
http://businessadministrationclass.com/small-company-administration-improvements-made-however-loan-programs-face-ongoing-management-obstacles/
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