SMALL BUSINESS ADMINISTRATION Small Business Administration Small Business Administration Disaster Loan Program, Downward Reestimates of Subsidies Business Loan Program, Negative Subsidies Business Loan Program, Downward Reestimates of Subsidies Undistributed Intragovernmental Payments and Receivables from Cancelled Accounts All Other General Fund Proprietary Receipts Including Budget Clearing Accounts Salaries and ExpensesFor necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law 108–447, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, $417,348,000 $423,577,000: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration, and certain loan program activities, including fees authorized by section 5(b) of the Small Business Act: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities shall be credited to this account, to remain available until expended, for carrying out these purposes without further appropriations: Provided further, That the Small Business Administration may accept gifts in an amount not to exceed $4,000,000 and may co-sponsor activities, each in accordance with section 132(a) of division K of Public Law 108–447, during fiscal year 2012 2013: Provided further, That $112,500,000 $101,093,000 shall be available to fund grants for performance in fiscal year 2012 2013 or fiscal year 2013 2014 as authorized by section 21 of the Small Business Act, to remain available until September 30, 2013 2014: Provided further, That $20,000,000 $19,760,000 shall remain available until September 30, 2013 2014 for marketing, management, and technical assistance under section 7(m) of the Small Business Act (15 U.S.C. 636(m)(4)) by intermediaries that make microloans under the microloan program: Provided further, That $7,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30, 2013 2014: Provided further, That $2,000,000 shall be for the Federal and State Technology Partnership Program under section 34 of the Small Business Act (15 U.S.C. 657d). (Financial Services and General Government Appropriations Act, 2012.)This account funds the administrative expenses of SBA headquarters and field office operations. Appropriations for the administration of the disaster and business loan programs are merged with this account. The 2013 Budget provides funding for the continued development of a revised loan management accounting system, which will improve oversight of SBA's more than $99 billion portfolio of loans and loan guarantees. Funding is also requested for core agency activities, including information technology investments and human capital development. In addition, this account funds non-credit business assistance grant programs. The 2013 Budget includes funds for SBA's regional clusters initiative. Program and Financing(in millions of dollars)Identification code 73–0100–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Executive direction837776
0002Capital Access889586
0003Gov. Contracting/ Bus. Development262626
0004Entrepreneurial Development81818
0005Management & Adminstration263026
0006Office of Chief Information Officer464646
0007Regional & district offices106108104
0008Agency wide costs455253
0009Non credit programs282208159
0010Congressional initiaives11
0012Disaster200201167
0900Total new obligations921861761
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 122017510
1021Recoveries of prior year unpaid obligations9
1050Unobligated balance (total)22917510
Budget authority:
Appropriations, discretionary:
1100Appropriation433417424
1130Appropriations permanently reduced–1
1160Appropriation, discretionary (total)432417424
Spending authority from offsetting collections, discretionary:
1700Collected286116167
1700Collected153163160
1750Spending auth from offsetting collections, disc (total)439279327
1900Budget authority (total)871696751
1930Total budgetary resources available1,100871761
Memorandum (non-add) entries:
1940Unobligated balance expiring–4
1941Unexpired unobligated balance, end of year17510
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)439494539
3030Obligations incurred, unexpired accounts921861761
3031Obligations incurred, expired accounts11
3040Outlays (gross)–849–816–909
3080Recoveries of prior year unpaid obligations, unexpired–9
3081Recoveries of prior year unpaid obligations, expired–19
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)494539391
3100Obligated balance, end of year (net)494539391
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross871696751
Outlays, gross:
4010Outlays from new discretionary authority545438478
4011Outlays from discretionary balances304378431
4020Outlays, gross (total)849816909
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–427–265–313
4033Non-Federal sources–15–14–14
4040Offsets against gross budget authority and outlays (total)–442–279–327
Additional offsets against gross budget authority only:
4052Offsetting collections credited to expired accounts3
4070Budget authority, net (discretionary)432417424
4080Outlays, net (discretionary)407537582
4180Budget authority, net (total)432417424
4190Outlays, net (total)407537582
Object Classification(in millions of dollars)Identification code 73–0100–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent205199201
11.3Other than full-time permanent101010
11.5Other personnel compensation444
11.9Total personnel compensation219213215
12.1Civilian personnel benefits595758
21.0Travel and transportation of persons777
23.1Rental payments to GSA323540
23.3Communications, utilities, and miscellaneous charges898
24.0Printing and reproduction134
25.2Other services from non-Federal sources108117103
25.3Other purchases of goods and services from Government accounts (Disaster Administrative Expenses)200201167
26.0Supplies and materials355
31.0Equipment355
41.0Grants, subsidies, and contributions281208148
99.0Direct obligations921860760
99.0Reimbursable obligations11
99.9Total new obligations921861761
Employment SummaryIdentification code 73–0100–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment3,3163,2023,202
Office of Inspector General Office of Inspector GeneralFor necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $16,267,000 $19,400,000.(Financial Services and General Government Appropriations Act, 2012.)The 2013 Budget proposes $19.4 million in new budget authority and $1.0 million transferred from the Disaster Loans Program account for a total of $20.4 million for the Office of Inspector General (OIG). This appropriation provides funds for agency-wide audit, investigative, and related functions to promote economy and efficiency in SBA operations and to prevent and detect waste, fraud, and abuse. In addition, the passage of the American Recovery and Reinvestment Act of 2009 provided an additional $10 million, available from 2009 through 2013, for oversight and audit of SBA Recovery Act programs, grants, and projects.Program and Financing(in millions of dollars)Identification code 73–0200–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Audit889
0002Investigations101011
0003Management policy112
0004General Office/Legal Counsel111
0900Total new obligations202023
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 113107
Budget authority:
Appropriations, discretionary:
1100Appropriation161619
1160Appropriation, discretionary (total)161619
Spending authority from offsetting collections, discretionary:
1700Collected111
1750Spending auth from offsetting collections, disc (total)111
1900Budget authority (total)171720
1930Total budgetary resources available302727
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1074
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)332
3030Obligations incurred, unexpired accounts202023
3040Outlays (gross)–20–21–23
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)322
3100Obligated balance, end of year (net)322
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross171720
Outlays, gross:
4010Outlays from new discretionary authority161518
4011Outlays from discretionary balances465
4020Outlays, gross (total)202123
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–1–1–1
4180Budget authority, net (total)161619
4190Outlays, net (total)192022
Object Classification(in millions of dollars)Identification code 73–0200–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent111113
11.5Other personnel compensation111
11.9Total personnel compensation121214
12.1Civilian personnel benefits444
25.2Other services334
99.0Direct obligations191922
99.0Reimbursable obligations111
99.9Total new obligations202023
Employment SummaryIdentification code 73–0200–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment110120120
Office of AdvocacyFor necessary expenses of the Office of Advocacy in carrying out the provisions of title II of Public Law 94–305 (15 U.S.C. 634a et seq.) and the Regulatory Flexibility Act of 1980 (5 U.S.C. 601 et seq.), $9,120,000 $8,900,000, to remain available until expended.(Financial Services and General Government Appropriations Act, 2012.)The 2013 Budget proposes $8.9 million in new budget authority. This appropriation provides funds for operations of the Office of Advocacy, in accordance with the Small Business Jobs Act of 2010 (P.L. 111–240). Pursuant to Section 1602 of the Jobs Act, SBA is requesting that the funds remain available, without fiscal year limitation, until expended.The Office of Advocacy's advice and small business research help the Federal Government take into account the concerns of small businesses when it develops policies and regulations. The Office's regional advocates support regulatory flexibility at the State level, work with the regional Regulatory Fairness Boards established by the Small Business Regulatory Enforcement Fairness Act, and promote the use of Advocacy research and data products in the curricula of universities and other schools in their respective regions. Program and Financing(in millions of dollars)Identification code 73–0300–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity99
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation99
1160Appropriation, discretionary (total)99
1930Total budgetary resources available99
Change in obligated balance:
3030Obligations incurred, unexpired accounts99
3040Outlays (gross)–9–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
3100Obligated balance, end of year (net)1
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross99
Outlays, gross:
4010Outlays from new discretionary authority88
4011Outlays from discretionary balances1
4020Outlays, gross (total)98
4180Budget authority, net (total)99
4190Outlays, net (total)98
Object Classification(in millions of dollars)Identification code 73–0300–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent55
12.1Civilian personnel benefits22
25.2Other services from non-Federal sources22
99.9Total new obligations99
Employment SummaryIdentification code 73–0300–0–1–3762011 actual2012 est.2013 est.
1001Direct civilian full-time equivalent employment4646
Surety Bond Guarantees Revolving Fund SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts or work orders, and to reimburse these sureties up to 90 percent of the losses sustained if the contractor defaults. SBA's guarantees provide an incentive for sureties to issue bonds to small contractors who could not otherwise secure them and compete in the contracting industry. The American Jobs Act (AJA) includes a proposal to increase the maximum size of surety bond loan guarantees from $2 million to $5 million, to enable small businesses to better compete for and win contracting opportunities. Three million dollars are requested in the AJA for that purpose. Aside from that proposal, it is estimated that there are sufficient funds in reserve to cover the cost of claim defaults in 2013. Therefore, no new appropriated funds are requested in the Budget.Program and Financing(in millions of dollars)Identification code 73–4156–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
0801Reimbursable obligations789
0900Total new obligations (object class 42.0)789
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1565959
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected1089
1750Spending auth from offsetting collections, disc (total)1089
1900Budget authority (total)1089
1930Total budgetary resources available666768
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year595959
Change in obligated balance:
3030Obligations incurred, unexpired accounts789
3040Outlays (gross)–7–8–9
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1089
Outlays, gross:
4010Outlays from new discretionary authority689
4011Outlays from discretionary balances1
4020Outlays, gross (total)789
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–10–8–9
4190Outlays, net (total)–3
Summary of Budget Authority and Outlays(in millions of dollars)2011 actual2012 est.2013 est.
Enacted/requested:
Outlays–3
Legislative proposal, subject to PAYGO:
Budget Authority3
Outlays11
Total:
Budget Authority3
Outlays–311
Balance Sheet(in millions of dollars)Identification code 73–4156–0–3–3762010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury5659
Investments in US securities:
1106Receivables, net11
1999Total assets5760
LIABILITIES:
2201Non-Federal liabilities: Accounts payable2021
NET POSITION:
3300Cumulative results of operations3739
4999Total liabilities and net position5760
Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 73–4156–4–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
0001Direct program activity11
0900Total new obligations (object class 41.0)11
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12
Budget authority:
Appropriations, mandatory:
1200Appropriation3
1260Appropriations, mandatory (total)3
1930Total budgetary resources available32
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year21
Change in obligated balance:
3030Obligations incurred, unexpired accounts11
3040Outlays (gross)–1–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3
Outlays, gross:
4100Outlays from new mandatory authority1
4101Outlays from mandatory balances1
4110Outlays, gross (total)11
4180Budget authority, net (total)3
4190Outlays, net (total)11
Business Loans Program Account Business Loans Program Account(including transfer of funds)For the cost of direct loans, $3,678,000 $2,844,000, to remain available until expended, and for the cost of guaranteed loans as authorized by section 7(a) of the Small Business Act (Public Law 85–536) and section 503 of the Small Business Investment Act of 1958 (Public Law 85–699), $207,100,000 $348,600,000, to remain available until expended: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 2012 2013 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000 $6,000,000,000: Provided further, That during fiscal year 2012 2013 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $17,500,000,000 $16,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2012 2013 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958 shall not exceed $3,000,000,000: Provided further, That during fiscal year 2012 2013, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $12,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $147,958,000 $145,060,000, which may be transferred to and merged with shall be paid to the appropriations for Salaries and Expenses.(Financial Services and General Government Appropriations Act, 2012.)As required by the Federal Credit Reform Act of 1990, as amended, this account records the subsidy costs associated with the direct loans obligated and loan guarantees committed in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of the business loan program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. For 2013, the Budget proposes $497 million in new budget authority for the Business Loans Program account. This includes $145 million in administrative expenses funding, $349 million in credit subsidy for the Sections 7(a) and 504 guaranteed loan programs, and $2.8 million in credit subsidy for the direct Microloan Program. The Section 7(a) program provides general business credit assistance. SBA's modeling and budget presentations treat all 7(a) loans as term loans, however, a portion of approvals consist of revolving lines of credit, under which a borrower is able to draw and repay multiple times during the loan term. In order to be consistent with Federal Credit Reform requirements and better reflect the total economic activity supported by the guarantee, SBA will continue to work with OMB on future budget presentations that ensure that the total 7(a) program levels reflect the full revolving lines of credit disbursement and repayment activity. The Budget supports $14 billion in 7(a) term loans and $2 billion for 7(a) revolving lines of credit, which are estimated to support $46 billion in total economic activity through draws and repayments over the life of the guarantee. Based on the maximum draw activity at any one time, the base approval amounts are consistent with the authorized program level of $16 billion. In addition, as part of the Secondary Market Guarantee (SMG) Program, SBA's fiscal agent pools the guaranteed portion of 7(a) loans and sells the securities to investors. This mechanism provides liquidity to lenders participating in the 7(a) loan program. For 2013, the Budget proposes a program level of $12 billion in such securities.The Section 504 Certified Development Company program is for long-term, fixed-rate financing, and the requested guaranteed loan program level is $6 billion in 2013. The Small Business Investment Company (SBIC) program provides credit to support venture capital investments. The Budget proposes a program level of $3 billion for SBIC Debentures and a $18 million program level for direct Microloans. Due to the economic crisis and significantly higher default claims, SBA recorded a $1.8 billion upward reestimate in its loan guarantee programs. This additional subsidy cost is covered by appropriations and increases the Federal Budget deficit in 2012. Further, projected economic conditions have doubled the estimated cost of new 7(a) loan guarantees, net of fees, for 2013 compared to 2010. Program and Financing(in millions of dollars)Identification code 73–1154–0–1–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy1193
0702Loan guarantee subsidy562250374
0705Reestimates of direct loan subsidy43
0706Interest on reestimates of direct loan subsidy42
0707Reestimates of loan guarantee subsidy3,8032,129
0708Interest on reestimates of loan guarantee subsidy835375
0709Administrative expenses164148145
0900Total new obligations5,3832,916522
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 15876019
1021Recoveries of prior year unpaid obligations976
1050Unobligated balance (total)5966725
Budget authority:
Appropriations, discretionary:
1100Appropriation236359497
1160Appropriation, discretionary (total)236359497
Appropriations, mandatory:
1200Appropriation4,6452,509
1260Appropriations, mandatory (total)4,6452,509
1900Budget authority (total)4,8812,868497
1930Total budgetary resources available5,4772,935522
Memorandum (non-add) entries:
1940Unobligated balance expiring–34
1941Unexpired unobligated balance, end of year6019
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)20518923
3030Obligations incurred, unexpired accounts5,3832,916522
3040Outlays (gross)–5,369–3,075–491
3080Recoveries of prior year unpaid obligations, unexpired–9–7–6
3081Recoveries of prior year unpaid obligations, expired–21
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1892348
3100Obligated balance, end of year (net)1892348
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross236359497
Outlays, gross:
4010Outlays from new discretionary authority200341472
4011Outlays from discretionary balances52422519
4020Outlays, gross (total)724566491
Mandatory:
4090Budget authority, gross4,6452,509
Outlays, gross:
4100Outlays from new mandatory authority4,6452,509
4180Budget authority, net (total)4,8812,868497
4190Outlays, net (total)5,3693,075491
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 73–1154–0–1–3762011 actual2012 est.2013 est.
Direct loan levels supportable by subsidy budget authority:
1150017(m) Direct Microloans362518
115011Intermediary Lending Program2020
115999Total direct loan levels564518
Direct loan subsidy (in percent):
1320017(m) Direct Microloans15.0614.7115.71
132011Intermediary Lending Program30.5825.730.00
132999Weighted average subsidy rate20.6019.6115.71
Direct loan subsidy budget authority:
1330017(m) Direct Microloans543
133011Intermediary Lending Program65
133999Total subsidy budget authority1193
Direct loan subsidy outlays:
1340017(m) Direct Microloans344
1340107(m) Direct Microloans — ARRA21
134011Intermediary Lending Program55
134999Total subsidy outlays5109
Direct loan upward reestimates:
1350017(m) Direct Microloans41
135007SBIC Direct Preferred Stock and Fee Loans33
1350107(m) Direct Microloans — ARRA11
135999Total upward reestimate budget authority85
Direct loan downward reestimates:
1370017(m) Direct Microloans–3–3
137999Total downward reestimate budget authority–3–3
Guaranteed loan levels supportable by subsidy budget authority:
2150027(a) General Business Loan Guarantees7,95914,49313,650
215004Section 504 Certified Development Companies Debentures3,2197,5006,000
215006SBIC Debentures1,8273,0003,000
215010Secondary Market Guarantee4,29912,00012,000
215015Secondary Market 504 First Mortgage Guarantees-ARRA1472,571
2150207(a) Dealer Floor Plan35615,33715,052
2150247(a) Revolvers27,51432,72245,738
215026Section 504 Certified Development Companies Debentures—ARRA Ext1,286
215027504 Commercial Real Estate (CRE) Refinance Program2547,500
2150287(a) Business Loan Guarantees—ARRA Extension7,549
2150307(a) Revolvers-ARRA Extension8,713
215999Total loan guarantee levels63,12395,12395,440
Guaranteed loan subsidy (in percent):
2320027(a) General Business Loan Guarantees0.750.871.55
232004Section 504 Certified Development Companies Debentures0.001.092.02
232006SBIC Debentures0.000.000.00
232010Secondary Market Guarantee0.000.000.00
232015Secondary Market 504 First Mortgage Guarantees-ARRA0.000.000.00
2320207(a) Dealer Floor Plan0.020.020.03
2320247(a) Revolvers0.110.120.08
232026Section 504 Certified Development Companies Debentures—ARRA Ext2.180.000.00
232027504 Commercial Real Estate (CRE) Refinance Program0.000.000.00
2320287(a) Business Loan Guarantees—ARRA Extension5.680.000.00
2320307(a) Revolvers-ARRA Extension0.160.000.00
232999Weighted average subsidy rate0.890.260.39
Guaranteed loan subsidy budget authority:
2330027(a) General Business Loan Guarantees60126211
233004Section 504 Certified Development Companies Debentures82121
2330207(a) Dealer Floor Plan35
2330247(a) Revolvers303937
233026Section 504 Certified Development Companies Debentures—ARRA Ext28
2330287(a) Business Loan Guarantees—ARRA Extension429
2330307(a) Revolvers-ARRA Extension14
233999Total subsidy budget authority561250374
Guaranteed loan subsidy outlays:
2340027(a) General Business Loan Guarantees39116161
234004Section 504 Certified Development Companies Debentures2476
234016ARC Loan Guarantees—ARRA31
2340177(a) General Business Loan Guarantees—ARRA1231
234018Section 504 Certified Development Companies—ARRA1951
2340207(a) Dealer Floor Plan1
2340217(a) Dealer Floor Plan—ARRA111
2340247(a) Revolvers18412
234026Section 504 Certified Development Companies Debentures—ARRA Ext29144
2340287(a) Business Loan Guarantees—ARRA Extension394661
2340307(a) Revolvers-ARRA Extension11
234999Total subsidy outlays554233258
Guaranteed loan upward reestimates:
2350027(a) General Business Loan Guarantees1,8001,122
2350037(a) General Business Loan Guarantees—STAR237
235004Section 504 Certified Development Companies Debentures2,030880
235006SBIC Debentures4438
235007SBIC Participating Securities3451
235010Secondary Market Guarantee1211
235015Secondary Market 504 First Mortgage Guarantees-ARRA5
2350177(a) General Business Loan Guarantees—ARRA12953
235018Section 504 Certified Development Companies—ARRA181149
235026Section 504 Certified Development Companies Debentures—ARRA Ext43129
235027504 Commercial Real Estate (CRE) Refinance Program4
2350287(a) Business Loan Guarantees—ARRA Extension31105
235999Total upward reestimate budget authority4,6382,504
Guaranteed loan downward reestimates:
2370027(a) General Business Loan Guarantees–3
237004Section 504 Certified Development Companies Debentures–12
237006SBIC Debentures–11
237007SBIC Participating Securities–6–756
237008SBIC New Market Venture Capital–3–3
237010Secondary Market Guarantee–67–43
237016ARC Loan Guarantees—ARRA–36–35
2370177(a) General Business Loan Guarantees—ARRA–1
237999Total downward reestimate subsidy budget authority–113–863
Administrative expense data:
3510Budget authority153148145
3590Outlays from new authority153148145
Object Classification(in millions of dollars)Identification code 73–1154–0–1–3762011 actual2012 est.2013 est.
Direct obligations:
25.2Other services from non-Federal sources164148145
41.0Grants, subsidies, and contributions5,2192,768377
99.9Total new obligations5,3832,916522
Business Direct Loan Financing Account As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. Program and Financing(in millions of dollars)Identification code 73–4148–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations564518
0713Payment of interest to Treasury755
0740Negative subsidy obligations11
0742Downward reestimate paid to receipt account32
0743Interest on downward reestimates11
0900Total new obligations675424
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1202628
1021Recoveries of prior year unpaid obligations222
1023Unobligated balances applied to repay debt–19–2–2
1050Unobligated balance (total)32628
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority434444
1440Borrowing authority, mandatory (total)434444
Spending authority from offsetting collections, mandatory:
1800Collected414641
1801Change in uncollected payments, Federal sources6
1825Spending authority from offsetting collections applied to repay debt–34–34
1850Spending auth from offsetting collections, mand (total)47127
1900Financing authority(total)905651
1930Total budgetary resources available938279
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year262855
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)426382
3010Uncollected pymts, Fed sources, brought forward, Oct 1–5–11–11
3020Obligated balance, start of year (net)375271
3030Obligations incurred, unexpired accounts675424
3040Financing disbursements (gross)–44–33–35
3050Change in uncollected pymts, Fed sources, unexpired–6
3080Recoveries of prior year unpaid obligations, unexpired–2–2–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)638269
3091Uncollected pymts, Fed sources, end of year–11–11–11
3100Obligated balance, end of year (net)527158
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross905651
Financing disbursements:
4110Financing disbursements, gross443335
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources: Payments from program account–5–10–8
4120Upward reestimate–4–3
4120Interest on reestimate–3–2
4122Interest on uninvested funds–3–7–7
4123Repayments of principal, net–26–22–24
4123Other income–2–2
4130Offsets against gross financing auth and disbursements (total)–41–46–41
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired–6
4160Financing authority, net (mandatory)431010
4170Financing disbursements, net (mandatory)3–13–6
4180Financing authority, net (total)431010
4190Financing disbursements, net (total)3–13–6
Status of Direct Loans(in millions of dollars)Identification code 73–4148–0–3–3762011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans2020
1131Direct loan obligations exempt from limitation362518
1150Total direct loan obligations564518
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year121126127
1231Disbursements: Direct loan disbursements342735
1251Repayments: Repayments and prepayments–23–20–20
1263Write-offs for default: Direct loans–6–6–6
1290Outstanding, end of year126127136
Balance Sheet(in millions of dollars)Identification code 73–4148–0–3–3762010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury5779
Investments in US securities:
1106Receivables, net87
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross121126
1405Allowance for subsidy cost (-)–31–32
1499Net present value of assets related to direct loans9094
1999Total assets155180
LIABILITIES:
Federal liabilities:
2103Debt152179
2105Other31
2999Total liabilities155180
4999Total liabilities and net position155180
Business Guaranteed Loan Financing Account As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the Budget totals.Program and Financing(in millions of dollars)Identification code 73–4149–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
0005Other Expenses1527575
Credit program obligations:
0711Default claim payments on principal3,4223,5873,476
0712Default claim payments on interest602020
0713Payment of interest to Treasury165100100
0742Downward reestimate paid to receipt account92617
0743Interest on downward reestimates21246
0791Direct program activities, subtotal3,7604,5703,596
0900Total new obligations3,9124,6453,671
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12,6765,6375,679
1023Unobligated balances applied to repay debt–296
1050Unobligated balance (total)2,3805,6375,679
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority42
1440Borrowing authority, mandatory (total)42
Spending authority from offsetting collections, mandatory:
1800Collected7,1494,6872,183
1801Change in uncollected payments, Federal sources–22
1850Spending auth from offsetting collections, mand (total)7,1274,6872,183
1900Financing authority(total)7,1694,6872,183
1930Total budgetary resources available9,54910,3247,862
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year5,6375,6794,191
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)183941,146
3010Uncollected pymts, Fed sources, brought forward, Oct 1–201–179–179
3020Obligated balance, start of year (net)–18–85967
3030Obligations incurred, unexpired accounts3,9124,6453,671
3040Financing disbursements (gross)–4,001–3,593–3,481
3050Change in uncollected pymts, Fed sources, unexpired22
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)941,1461,336
3091Uncollected pymts, Fed sources, end of year–179–179–179
3100Obligated balance, end of year (net)–859671,157
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross7,1694,6872,183
Financing disbursements:
4110Financing disbursements, gross4,0013,5933,481
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Payments from program account–554–233–258
4120Upward reestimate–3,803–2,129
4120Interest on reestimate–835–375
4122Interest on uninvested funds–241–190–190
4123Fees–628–860–835
4123Principal–942–900–900
4123Other–146
4130Offsets against gross financing auth and disbursements (total)–7,149–4,687–2,183
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired22
4160Financing authority, net (mandatory)42
4170Financing disbursements, net (mandatory)–3,148–1,0941,298
4180Financing authority, net (total)42
4190Financing disbursements, net (total)–3,148–1,0941,298
Status of Guaranteed Loans(in millions of dollars)Identification code 73–4149–0–3–3762011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders26,54047,06434,650
2131Guaranteed loan commitments exempt from limitation36,58348,05960,790
2150Total guaranteed loan commitments63,12395,12395,440
2199Guaranteed amount of guaranteed loan commitments24,56344,76535,729
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year76,19582,19783,617
2231Disbursements of new guaranteed loans19,64815,86721,994
2251Repayments and prepayments–9,480–10,227–10,403
Adjustments:
2261Terminations for default that result in loans receivable–4,045–4,094–3,965
2263Terminations for default that result in claim payments–121–126–122
2290Outstanding, end of year82,19783,61791,121
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year69,98171,19077,579
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year8,3968,8599,235
2331Disbursements for guaranteed loan claims3,3313,5933,479
2351Repayments of loans receivable–878–882–1,034
2361Write-offs of loans receivable–2,199–2,335–2,384
2364Other adjustments, net209
2390Outstanding, end of year8,8599,2359,296
Balance Sheet(in millions of dollars)Identification code 73–4149–0–3–3762010 actual2011 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury2,6595,552
Investments in US securities:
1106Receivables, net3,5581,651
1206Non-Federal assets: Receivables, net2951
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501Defaulted guaranteed loans receivable, gross8,3968,859
1504Foreclosed property3833
1505Allowance for subsidy cost (-)–6,204–6,688
1599Net present value of assets related to defaulted guaranteed loans2,2302,204
1999Total assets8,4769,458
LIABILITIES:
Federal liabilities:
2103Debt3,9843,729
2105Other90907
Non-Federal liabilities:
2201Accounts payable16681
2204Liabilities for loan guarantees4,2364,741
2999Total liabilities8,4769,458
4999Total upward reestimate subsidy BA [73–1154]8,4769,458
Business Loan Fund Liquidating Account As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA direct loans obligated and loan guarantees committed prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts.Program and Financing(in millions of dollars)Identification code 73–4154–0–3–3762011 actual2012 est.2013 est.
Obligations by program activity:
0005Guaranteed loan default claims11
Credit program obligations:
0709Administrative expenses211
0900Total new obligations222
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 146
1022Capital transfer of unobligated balances to general fund–4–6
Budget authority:
Appropriations, mandatory:
1200Appropriation211
1236Appropriations applied to repay debt–2
1260Appropriations, mandatory (total)11
Spending authority from offsetting collections, mandatory:
1800Collected844
1820Capital transfer of spending authority from offsetting collections to general fund–2–2
1825Spending authority from offsetting collections applied to repay FFB–1–1
1850Spending auth from offsetting collections, mand (total)811
1900Budget authority (total)822
1930Total budgetary resources available822
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year6
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)323
3030Obligations incurred, unexpired accounts222
3040Outlays (gross)–3–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)234
3100Obligated balance, end of year (net)234
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross822
Outlays, gross:
4100Outlays from new mandatory authority211
4101Outlays from mandatory balances1
4110Outlays, gross (total)311
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–8–4–4
4180Budget authority, net (total)–2–2
4190Outlays, net (total)–5–3–3
Status of Direct Loans(in millions of dollars)Identification code 73–4154–0–3–3762011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year211713
1251Repayments: Repayments and prepayments–1–1
Write-offs for default:
1263Direct loans–1–2–2
1264Other adjustments, net (+ or -)–3–1
1290Outstanding, end of year171310
Status of Guaranteed Loans(in millions of dollars)Identification code 73–4154–0–3–3762011 actual2012 est.2013 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year523721
2251Repayments and prepayments–15–15–10
Adjustments:
2261Terminations for default that result in loans receivable
2263Terminations for default that result in claim payments–1–1
2290Outstanding, end of year372110
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year30168
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year414027
2331Disbursements for guaranteed loan claims11
2351Repayments of loans receivable–3–12–12
2361Write-offs of loans receivable–1–2–2
2364Other adjustments, net3
2390Outstanding, end of year402714
Balance Sheet(in millions of dollars)Identification code 73–4154–0–3–3762010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury88
1206Non-Federal assets: Receivables, net33
1601Direct loans, gross2117
1603Allowance for estimated uncollectible loans and interest (-)–2–2
1699Value of assets related to direct loans1915
1701Defaulted guaranteed loans, gross4240
1703Allowance for estimated uncollectible loans and interest (-)–22–21
1799Value of assets related to loan guarantees2019
1901Other Federal assets: Other assets67
1999Total assets5652
LIABILITIES:
Federal liabilities:
2101Accounts payable11
2103Debt2
2104Resources payable to Treasury5049
Non-Federal liabilities:
2201Accounts payable21
2207Other Liabilities11
2999Total liabilities5652
4999Total liabilities and net position5652
Object Classification(in millions of dollars)Identification code 73–4154–0–3–3762011 actual2012 est.2013 est.
Direct obligations:
42.0Insurance claims and indemnities111
43.0Interest and dividends111
99.9Total new obligations222
Disaster Loans Program Account Disaster Loans Program Account(including transfers of funds)For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act and resulting from major disasters declared pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)), $117,300,000 $167,000,000, to be available until expended, of which $1,000,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan programs and shall be transferred to and merged with paid to the appropriations for the Office of Inspector General; of which $110,300,000 $157,000,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which may be transferred to and merged with shall be paid to the appropriations for Salaries and Expenses; and of which $6,000,000 $9,000,000 is for indirect administrative expenses for the direct loan program, which may be transferred to and merged with shall be paid to the appropriations for Salaries and Expenses: Provided, That such amount is designated by Congress as being for disaster relief pursuant to section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99–177), as amended.(Financial Services and General Government Appropriations Act, 2012.)As required by the Federal Credit Reform Act of 1990, as amended, this account records, for loans made pursuant to Section 7(b) of the Small Business Act, as amended, the subsidy costs associated with the direct loans obligated in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis.Disaster loans made pursuant to Section 7(b) of the Small Business Act provide Federal assistance for non-farm, private sector disaster losses. Through the disaster assistance program, SBA helps homeowners, renters, businesses of all sizes, and non-profit organizations pay for the cost of replacing, rebuilding or repairing property damaged by disasters. The program is the only form of SBA financial assistance not limited to small businesses. The program provides subsidized loans of up to 30 years to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster. In 2013, the Budget supports $1.1 billion in loans, the ten-year average for such loans, excluding outlying events. The Budget does not request new credit subsidy budget authority (BA), as SBA has sufficient unobligated balances to support estimated 2013 loan approvals. However, the Budget does request $167 million in new BA for administrative expenses related to major disasters pursuant to a determination under section 102(2) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act. This funding will be designated as being for disaster relief under the cap adjustment in section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. SBA expects to reprogram an additional $35 million from unobligated subsidy balances to fund administrative expenses incurred from other disasters, including those declared by the SBA Administrator. Program and Financing(in millions of dollars)Identification code 73–1152–0–1–4532011 actual2012 est.2013 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy83121122
0705Reestimates of direct loan subsidy171126
0706Interest on reestimates of direct loan subsidy5832
0709Administrative expenses263116167
0900Total new obligations575395289
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1805514413
1021Recoveries of prior year unpaid obligations102020
1050Unobligated balance (total)815534433
Budget authority:
Appropriations, discretionary:
1100Appropriation45116167
1160Appropriation, discretionary (total)45116167
Appropriations, mandatory:
1200Appropriation229158
1260Appropriations, mandatory (total)229158
1900Budget authority (total)274274167
1930Total budgetary resources available1,089808600
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year514413311
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)255843
3030Obligations incurred, unexpired accounts575395289
3040Outlays (gross)–532–390–285
3080Recoveries of prior year unpaid obligations, unexpired–10–20–20
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)584327
3100Obligated balance, end of year (net)584327
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross45116167
Outlays, gross:
4010Outlays from new discretionary authority45116167
4011Outlays from discretionary balances258116118
4020Outlays, gross (total)303232285
Mandatory:
4090Budget authority, gross229158
Outlays, gross:
4100Outlays from new mandatory authority229158
4180Budget authority, net (total)274274167
4190Outlays, net (total)532390285
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 73–1152–0–1–4532011 actual2012 est.2013 est.
Direct loan levels supportable by subsidy budget authority:
115001Disaster Assistance Loans6111,1001,100
115999Total direct loan levels6111,1001,100
Direct loan subsidy (in percent):
132001Disaster Assistance Loans13.5311.0311.11
132999Weighted average subsidy rate13.5311.0311.11
Direct loan subsidy budget authority:
133001Disaster Assistance Loans83121122
133999Total subsidy budget authority83121122
Direct loan subsidy outlays:
134001Disaster Assistance Loans40116116
134999Total subsidy outlays40116116
Direct loan upward reestimates:
135001Disaster Assistance Loans221156
135002Economic Injury Disaster Loans—Terrorist Attack82
135999Total upward reestimate budget authority229158
Direct loan downward reestimates:
137001Disaster Assistance Loans–37–2
137999Total downward reestimate budget authority–37–2
Guaranteed loan levels supportable by subsidy budget authority:
215001Immediate Disaster Assistance18
215002Expedited Disaster Assistance57
215999Total loan guarantee levels1857
Guaranteed loan subsidy (in percent):
232001Immediate Disaster Assistance0.001.960.00
232002Expedited Disaster Assistance0.000.002.31
232999Weighted average subsidy rate0.001.962.31
Guaranteed loan subsidy budget authority:
233002Expedited Disaster Assistance1
233999Total subsidy budget authority1
Guaranteed loan subsidy outlays:
234002Expedited Disaster Assistance1
234999Total subsidy outlays1
Guaranteed loan downward reestimates:
Administrative expense data:
3510Budget authority45116167
3590Outlays from new authority45116167
Object Classification(in millions of dollars)Identification code 73–1152–0–1–4532011 actual2012 est.2013 est.
Direct obligations:
25.2Other services from non-Federal sources263116167
41.0Grants, subsidies, and contributions312279122
99.9Total new obligations575395289
Disaster Direct Loan Financing Account As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from disaster direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the Budget totals. Program and Financing(in millions of dollars)Identification code 73–4150–0–3–4532011 actual2012 est.2013 est.
Obligations by program activity:
0003Other81412
Credit program obligations:
0710Direct loan obligations6111,1001,100
0713Payment of interest to Treasury340350350
0742Downward reestimate paid to receipt account35
0743Interest on downward reestimates22
0791Direct program activities, subtotal9881,4521,450
0900Total new obligations9961,4661,462
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 17627511,610
1021Recoveries of prior year unpaid obligations90200150
1023Unobligated balances applied to repay debt–594
1050Unobligated balance (total)2589511,760
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority262981978
1440Borrowing authority, mandatory (total)262981978
Spending authority from offsetting collections, mandatory:
1800Collected1,1941,6441,246
1801Change in uncollected payments, Federal sources33
1820Capital transfer of spending authority from offsetting collections to general fund–500–500
1850Spending auth from offsetting collections, mand (total)1,2271,144746
1900Financing authority(total)1,4892,1251,724
1930Total budgetary resources available1,7473,0763,484
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year7511,6102,022
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)219429595
3010Uncollected pymts, Fed sources, brought forward, Oct 1–25–58–58
3020Obligated balance, start of year (net)194371537
3030Obligations incurred, unexpired accounts9961,4661,462
3040Financing disbursements (gross)–696–1,100–1,100
3050Change in uncollected pymts, Fed sources, unexpired–33
3080Recoveries of prior year unpaid obligations, unexpired–90–200–150
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)429595807
3091Uncollected pymts, Fed sources, end of year–58–58–58
3100Obligated balance, end of year (net)371537749
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross1,4892,1251,724
Financing disbursements:
4110Financing disbursements, gross6961,1001,100
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Payments from program account–269–271–116
4120Upward reestimate–2
4120Interest on upward reestimate–1
4122Interest income from Treasury–64–230–230
4123Repayments of principal, net–859–1,140–900
4123Non-Federal sources-Other–2
4130Offsets against gross financing auth and disbursements (total)–1,194–1,644–1,246
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired–33
4160Financing authority, net (mandatory)262481478
4170Financing disbursements, net (mandatory)–498–544–146
4180Financing authority, net (total)262481478
4190Financing disbursements, net (total)–498–544–146
Status of Direct Loans(in millions of dollars)Identification code 73–4150–0–3–4532011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation6111,1001,100
1150Total direct loan obligations6111,1001,100
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year7,9447,4937,377
1231Disbursements: Direct loan disbursements3157131,037
1251Repayments: Repayments and prepayments–578–634–615
Write-offs for default:
1263Direct loans–207–195–192
1264Other adjustments, net (+ or -)19
1290Outstanding, end of year7,4937,3777,607
Balance Sheet(in millions of dollars)Identification code 73–4150–0–3–4532010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1,1861,281
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross7,9447,493
1405Allowance for subsidy cost (-)–1,475–1,485
1499Net present value of assets related to direct loans6,4696,008
1999Total assets7,6557,289
LIABILITIES:
Federal liabilities:
2103Debt7,6537,287
2105Other22
2999Total liabilities7,6557,289
4999Total liabilities and net position7,6557,289
Disaster Loans Guaranteed Loan Financing Account As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the Budget totals.Program and Financing(in millions of dollars)Identification code 73–4293–0–3–4532011 actual2012 est.2013 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected11
1850Spending auth from offsetting collections, mand (total)11
1900Financing authority(total)11
1930Total budgetary resources available12
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year12
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross11
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Payments from program account–1–1
4190Financing disbursements, net (total)–1–1
Status of Guaranteed Loans(in millions of dollars)Identification code 73–4293–0–3–4532011 actual2012 est.2013 est.
Position with respect to appropriations act limitation on commitments:
2131Guaranteed loan commitments exempt from limitation1857
2150Total guaranteed loan commitments1857
2199Guaranteed amount of guaranteed loan commitments1548
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year18
2231Disbursements of new guaranteed loans1857
2251Repayments and prepayments–10
2290Outstanding, end of year1865
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year1548
Disaster Loan Fund Liquidating Account As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA disaster direct loans obligated prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts.Program and Financing(in millions of dollars)Identification code 73–4153–0–3–4532011 actual2012 est.2013 est.
Obligations by program activity:
0101Interest expense to Treasury111
0103Other Expenses1
0900Total new obligations (object class 25.2)121
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 145
1022Capital transfer of unobligated balances to general fund–4–5
Budget authority:
Appropriations, mandatory:
1200Appropriation221
1260Appropriations, mandatory (total)221
Spending authority from offsetting collections, mandatory:
1800Collected444
1820Capital transfer of spending authority from offsetting collections to general fund–4–4
1850Spending auth from offsetting collections, mand (total)4
1900Budget authority (total)621
1930Total budgetary resources available621
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year5
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)113
3030Obligations incurred, unexpired accounts121
3040Outlays (gross)–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)134
3100Obligated balance, end of year (net)134
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross621
Outlays, gross:
4100Outlays from new mandatory authority1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–4–4–4
4180Budget authority, net (total)2–2–3
4190Outlays, net (total)–3–4–4
Status of Direct Loans(in millions of dollars)Identification code 73–4153–0–3–4532011 actual2012 est.2013 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year1196
1251Repayments: Repayments and prepayments–2–2–2
1263Write-offs for default: Direct loans–1–1
1290Outstanding, end of year963
Balance Sheet(in millions of dollars)Identification code 73–4153–0–3–4532010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury55
1601Direct loans, net119
1603Allowance for estimated uncollectible loans and interest (-)–1–1
1699Value of assets related to direct loans108
1999Total assets1513
LIABILITIES:
2104Federal liabilities: Resources payable to Treasury1513
4999Total liabilities and net position1513
Pollution Control Equipment Fund Liquidating Account Public Law 94–305 established this fund to alleviate the adverse impact of pollution regulations on small businesses. As a result of the elimination of tax-exempt financing associated with the Pollution Control Guaranteed loan program, no new activity is anticipated for this program.Program and Financing(in millions of dollars)Identification code 73–4147–0–3–3762011 actual2012 est.2013 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 122
1022Capital transfer of unobligated balances to general fund–2–2
Budget authority:
Appropriations, mandatory:
1200Appropriation2
1260Appropriations, mandatory (total)2
1900Budget authority (total)2
1930Total budgetary resources available2
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross2
4180Budget authority, net (total)2
Status of Guaranteed Loans(in millions of dollars)Identification code 73–4147–0–3–3762011 actual2012 est.2013 est.
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year10
2361Write-offs of loans receivable–10
2390Outstanding, end of year
Balance Sheet(in millions of dollars)Identification code 73–4147–0–3–3762010 actual2011 actual
ASSETS:
1101Federal assets: Fund balances with Treasury23
1603Allowance for estimated uncollectible loans and interest (-)–8
1701Defaulted guaranteed loans, gross10
1999Total assets43
LIABILITIES:
2104Federal liabilities: Resources payable to Treasury43
4999Total liabilities and net position43
GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars)2011 actual2012 est.2013 est.
Offsetting receipts from the public:
73–272130Disaster Loan Program, Downward Reestimates of Subsidies372
73–272230Business Loan Program, Downward Reestimates of Subsidies116866
General Fund Offsetting receipts from the public153868
ADMINISTRATIVE PROVISIONS Administrative Provisions—Small Business Administration(including transfer of funds)530 Not to exceed 5 percent of any appropriation made available for the current fiscal year for the Small Business Administration in this Act may be transferred between such appropriations, but no such appropriation shall be increased by more than 10 percent by any such transfers: Provided, That any transfer pursuant to this paragraph shall be treated as a reprogramming of funds under section 608 of this Act and shall not be available for obligation or expenditure except in compliance with the procedures set forth in that section.531 Section 7(d)(5)(D) of the Small Business Act (15 U.S.C. 636(d)(5)(D)) is amended by striking "three years'' and inserting "7 years''.532531 Beginning in fiscal year 2013 and each fiscal year thereafter, the The budget request for the Small Business Administration shall provide a detailed justification of any proposed changes from the enacted level by individual appropriation. The detailed justification shall include at a minimum a description of each credit and non-credit program including amount of funding and costs by appropriation account and fiscal year. For activities funded in multiple appropriations, the budget justification shall specify the amount included in each enacted appropriation, the amount proposed in the budget year and a justification for any proposed changes.(Financial Services and General Government Appropriations Act, 2012.)