Small Business Administration: Progress Made but Improvements Needed in Lender Oversight

[摘要] A letter report issued by the General Accounting Office with an abstract that begins "The Small Business Administration (SBA) has increased its reliance on private lenders to provide small businesses with access to credit. The 7(a) program is SBA's largest business loan program, and SBA has established a preferred lender program (PLP) in which eligible lenders make 7(a) loans without prior SBA approval. SBA guaranteed $9.9 billion in 7(a) loans in 2001. Because lenders are exercising greater autonomy in making 7(a) loans, effective lender oversight is essential to SBA's success in achieving its mission. GAO evaluated SBA's 7(a) lender oversight and reviewed its organizational alignment for conducting PLP and Small Business Lending Company (SBLC) oversight."

[发布日期] 2002-12-09 [发布机构] United States. General Accounting Office.

[关键词] Government accountability -- United States.;business regulation and consumer protection;small business administration;letter report