State Small Business Credit Initiative: Opportunities Exist to Enhance Performance Measurement and Evaluation

[摘要] A letter report issued by the Government Accountability Office with an abstract that begins "As of June 30, 2013, State Small Business Credit Initiative (SSBCI) participants--states, territories, and municipalities--had used $549 million of the $1.5 billion the Department of the Treasury (Treasury) allocated to them, nearly four times the amount used as of June 30, 2012. However, the rates at which participants have used funds continue to vary, as shown below. While initial challenges generally have been addressed, others remain. Participants' challenges with using funds at the start of the program resulted from some program policies not being finalized and low demand for some program types, among other things. Treasury and participants have since addressed many of these issues, but according to agency officials and others, participants will likely continue to face some challenges in using SSBCI funds. For example, some large lenders have been reluctant to partner with SSBCI participants because the variation in participants' programs makes it difficult for lenders to implement the program on a national basis, which has limited the program's reach into the small business lending market."

[发布日期] 2013-12-18 [发布机构] United States. Government Accountability Office.

[关键词] Government accountability -- United States.;business regulation and consumer protection;financial markets and institutions;state small business credit initiative;letter report