SMALL BUSINESS ADMINISTRATION

Federal Funds

Emergency EIDL Grants

Program and Financing (in millions of dollars)


Identification code 073–0500–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 EIDL Grants 19,957 34,980
0002 OIG - EIDL Advance 3



0900 Total new obligations, unexpired accounts 19,957 34,980 3

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 43 63
Budget authority:
Appropriations, mandatory:
1200 Appropriation 20,000 35,000
1930 Total budgetary resources available 20,000 35,043 63
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 43 63 60

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 246 12
3010 New obligations, unexpired accounts 19,957 34,980 3
3020 Outlays (gross) –19,711 –35,214



3050 Unpaid obligations, end of year 246 12 15
Memorandum (non-add) entries:
3100 Obligated balance, start of year 246 12
3200 Obligated balance, end of year 246 12 15

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 20,000 35,000
Outlays, gross:
4100 Outlays from new mandatory authority 19,711 34,980
4101 Outlays from mandatory balances 234



4110 Outlays, gross (total) 19,711 35,214
4180 Budget authority, net (total) 20,000 35,000
4190 Outlays, net (total) 19,711 35,214

Object Classification (in millions of dollars)


Identification code 073–0500–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 1
11.3 Other than full-time permanent 1



11.9 Total personnel compensation 2
12.1 Civilian personnel benefits 1
41.0 Grants, subsidies, and contributions 19,957 34,980



99.9 Total new obligations, unexpired accounts 19,957 34,980 3

Employment Summary


Identification code 073–0500–0–1–376 2020 actual 2021 est. 2022 est.

1001 Direct civilian full-time equivalent employment 5 13

Salaries and Expenses

For necessary expenses, not otherwise provided for, of the Small Business Administration, including hire of passenger motor vehicles as authorized by sections 1343 and 1344 of title 31, United States Code, and not to exceed $3,500 for official reception and representation expenses, $293,625,000, of which not less than $12,000,000 shall be available for examinations, reviews, and other lender oversight activities: 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 2022: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30, 2023.

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–0100–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Executive direction 66 80 68
0002 Capital Access 268 580 144
0003 Gov. Contracting/Bus. Development 30 30 35
0004 Entrepreneurial Development 11 33 13
0005 Chief Operating Office 33 35 33
0006 Office of Chief Information Officer 29 48 30
0007 Regional & district offices 6 10 6
0008 Agency wide costs 352 379 77
0009 Non credit programs 3
0012 Disaster 584 1,383 226
0013 Investment & Innovation 4 5 7
0014 International Trade 7 7 7



0799 Total direct obligations 1,393 2,590 646
0801 Executive Direction 12 9 8
0802 Capital Access 72 53 58
0807 Regional & district offices 95 95 96
0812 Disaster 713 159 170
0813 Investment & Innovation 16 17 17



0899 Total reimbursable obligations 908 333 349



0900 Total new obligations, unexpired accounts 2,301 2,923 995

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 129 1,815 385
1021 Recoveries of prior year unpaid obligations 14



1050 Unobligated balance (total) 143 1,815 385
Budget authority:
Appropriations, discretionary:
1100 Appropriation 3,045 270 294
1120 Appropriations transferred to other acct [073–1161] –8



1160 Appropriation, discretionary (total) 3,037 270 294
Appropriations, mandatory:
1200 Appropriation 890
Spending authority from offsetting collections, discretionary:
1700 Collected - Disaster Transfer 744 166 178
1700 Collected 195 167 171



1750 Spending auth from offsetting collections, disc (total) 939 333 349
1900 Budget authority (total) 3,976 1,493 643
1930 Total budgetary resources available 4,119 3,308 1,028
Memorandum (non-add) entries:
1940 Unobligated balance expiring –3
1941 Unexpired unobligated balance, end of year 1,815 385 33

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 199 700 577
3010 New obligations, unexpired accounts 2,301 2,923 995
3011 Obligations ("upward adjustments"), expired accounts 9
3020 Outlays (gross) –1,779 –3,046 –988
3040 Recoveries of prior year unpaid obligations, unexpired –14
3041 Recoveries of prior year unpaid obligations, expired –16



3050 Unpaid obligations, end of year 700 577 584
Memorandum (non-add) entries:
3100 Obligated balance, start of year 199 700 577
3200 Obligated balance, end of year 700 577 584

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 3,976 603 643
Outlays, gross:
4010 Outlays from new discretionary authority 1,071 412 438
4011 Outlays from discretionary balances 708 2,100 194



4020 Outlays, gross (total) 1,779 2,512 632
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –916 –314 –330
4033 Non-Federal sources –23 –19 –19



4040 Offsets against gross budget authority and outlays (total) –939 –333 –349



4070 Budget authority, net (discretionary) 3,037 270 294
4080 Outlays, net (discretionary) 840 2,179 283
Mandatory:
4090 Budget authority, gross 890
Outlays, gross:
4100 Outlays from new mandatory authority 534
4101 Outlays from mandatory balances 356



4110 Outlays, gross (total) 534 356
4180 Budget authority, net (total) 3,037 1,160 294
4190 Outlays, net (total) 840 2,713 639

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 transferred to and merged with this account. The 2022 Budget provides $6 million in funding for the continued modernization of the loan management accounting systems, which will improve oversight of SBA's more than $835 billion portfolio of loans and loan guarantees. Funding is also requested for core agency activities, including information technology investments and human capital development and enterprise-wide technology modernization initiatives including hardware, software and application standardization, mobile shared services implementation, security vulnerability reduction, and infrastructure upgrades.

Object Classification (in millions of dollars)


Identification code 073–0100–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
Personnel compensation:
11.1 Full-time permanent 86 93 45
11.3 Other than full-time permanent 92 274 109
11.5 Other personnel compensation 84 259 104
11.8 Special personal services payments 5 1



11.9 Total personnel compensation 267 627 258
12.1 Civilian personnel benefits 51 326 135
21.0 Travel and transportation of persons 3 2 1
23.1 Rental payments to GSA 36 35 35
23.3 Communications, utilities, and miscellaneous charges 17 8 8
25.1 Advisory and assistance services 32 1 1
25.2 Other services from non-Federal sources 896 1,469 115
25.3 Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) 22 76 50
25.5 Research and development contracts 2 2 2
25.7 Operation and maintenance of equipment 50 37 37
26.0 Supplies and materials 4 2 2
31.0 Equipment 10 2 2
41.0 Grants, subsidies, and contributions 3 3



99.0 Direct obligations 1,393 2,590 646
99.0 Reimbursable obligations 908 333 349



99.9 Total new obligations, unexpired accounts 2,301 2,923 995

Employment Summary


Identification code 073–0100–0–1–376 2020 actual 2021 est. 2022 est.

1001 Direct civilian full-time equivalent employment 4,601 7,642 7,642
2001 Reimbursable civilian full-time equivalent employment 2,095 2,095

OFFICE OF INSPECTOR GENERAL

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $24,905,000.

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–0200–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Audit 9 11 14
0002 Investigations 12 15 20
0003 Management and Operations 2 2 3
0004 Immediate office and Counsel 1 1 1



0900 Total new obligations, unexpired accounts 24 29 38

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 8 33 55
Budget authority:
Appropriations, discretionary:
1100 Appropriation 47 47 25
1121 Appropriations transferred from other acct [073–1152] 2 2
1131 Unobligated balance of appropriations permanently reduced –25



1160 Appropriation, discretionary (total) 47 24 27
Appropriations, mandatory:
1200 Appropriation 25
Spending authority from offsetting collections, discretionary:
1700 Collected 2 2 2
1900 Budget authority (total) 49 51 29
1930 Total budgetary resources available 57 84 84
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 33 55 46

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 3 2
3010 New obligations, unexpired accounts 24 29 38
3020 Outlays (gross) –25 –31 –38



3050 Unpaid obligations, end of year 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 3 2
3200 Obligated balance, end of year 2

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 49 26 29
Outlays, gross:
4010 Outlays from new discretionary authority 21 26 29
4011 Outlays from discretionary balances 4 4 4



4020 Outlays, gross (total) 25 30 33
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030 Federal sources –2 –2 –2
Mandatory:
4090 Budget authority, gross 25
Outlays, gross:
4100 Outlays from new mandatory authority 1
4101 Outlays from mandatory balances 5



4110 Outlays, gross (total) 1 5
4180 Budget authority, net (total) 47 49 27
4190 Outlays, net (total) 23 29 36

The 2022 Budget proposes $24.9 million in new budget authority and $1.6 million transferred from the Disaster Loans Program account for a total of $26.5 million for the Office of Inspector General. This appropriation provides funds to promote economy and efficiency in SBA operations and to prevent and detect waste, fraud, and abuse through agency-wide audit, investigative, and related functions.

Object Classification (in millions of dollars)


Identification code 073–0200–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 14 15 20
12.1 Civilian personnel benefits 5 8 11
25.2 Other services 3 4 5



99.0 Direct obligations 22 27 36
99.0 Reimbursable obligations 2 2 2



99.9 Total new obligations, unexpired accounts 24 29 38

Employment Summary


Identification code 073–0200–0–1–376 2020 actual 2021 est. 2022 est.

1001 Direct civilian full-time equivalent employment 111 131 143

office of advocacy

For 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.), $9,620,000, to remain available until expended.

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–0300–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Office of Advocacy (Direct) 9 9 9

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1 1 1
Budget authority:
Appropriations, discretionary:
1100 Appropriation 9 9 10
1930 Total budgetary resources available 10 10 11
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 1 1 2

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1 2
3010 New obligations, unexpired accounts 9 9 9
3020 Outlays (gross) –9 –8 –9



3050 Unpaid obligations, end of year 1 2 2
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1 2
3200 Obligated balance, end of year 1 2 2

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 9 9 10
Outlays, gross:
4010 Outlays from new discretionary authority 8 9
4011 Outlays from discretionary balances 9



4020 Outlays, gross (total) 9 8 9
4180 Budget authority, net (total) 9 9 10
4190 Outlays, net (total) 9 8 9

The 2022 Budget proposes $9.6 million in new budget authority for the Office of Advocacy to carry out its statutory duties, including those under the Regulatory Flexibility Act. 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.

Object Classification (in millions of dollars)


Identification code 073–0300–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 6 6 6
12.1 Civilian personnel benefits 2 2 2
25.2 Other services from non-Federal sources 1 1 1



99.9 Total new obligations, unexpired accounts 9 9 9

Employment Summary


Identification code 073–0300–0–1–376 2020 actual 2021 est. 2022 est.

1001 Direct civilian full-time equivalent employment 46 55 55

Entrepreneurial Development Programs

For necessary expenses of programs supporting entrepreneurial and small business development, $318,000,000, to remain available until September 30, 2023: Provided, That $136,000,000 shall be available to fund grants for performance in fiscal year 2022 or fiscal year 2023 as authorized by section 21 of the Small Business Act: Provided further, That $41,000,000 shall be 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 $19,500,000 shall be available for grants to States to carry out export programs that assist small business concerns authorized under section 22(l) of the Small Business Act (15 U.S.C. 649(l)).

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–0400–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Non-Credit Programs 513 411 395

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 26 39 125
1021 Recoveries of prior year unpaid obligations 1



1050 Unobligated balance (total) 27 39 125
Budget authority:
Appropriations, discretionary:
1100 Appropriation 261 272 318
1100 Appropriation EAA Microloan TA 50



1160 Appropriation, discretionary (total) 261 322 318
Appropriations, mandatory:
1200 Appropriation 265 175
1900 Budget authority (total) 526 497 318
1930 Total budgetary resources available 553 536 443
Memorandum (non-add) entries:
1940 Unobligated balance expiring –1
1941 Unexpired unobligated balance, end of year 39 125 48

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 237 476 471
3010 New obligations, unexpired accounts 513 411 395
3011 Obligations ("upward adjustments"), expired accounts 1
3020 Outlays (gross) –272 –416 –469
3040 Recoveries of prior year unpaid obligations, unexpired –1
3041 Recoveries of prior year unpaid obligations, expired –2



3050 Unpaid obligations, end of year 476 471 397
Memorandum (non-add) entries:
3100 Obligated balance, start of year 237 476 471
3200 Obligated balance, end of year 476 471 397

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 261 322 318
Outlays, gross:
4010 Outlays from new discretionary authority 35 113 111
4011 Outlays from discretionary balances 177 100 213



4020 Outlays, gross (total) 212 213 324
Mandatory:
4090 Budget authority, gross 265 175
Outlays, gross:
4100 Outlays from new mandatory authority 60 61
4101 Outlays from mandatory balances 142 145



4110 Outlays, gross (total) 60 203 145
4180 Budget authority, net (total) 526 497 318
4190 Outlays, net (total) 272 416 469

This account supports SBA's core counseling, training and technical assistance programs, including Small Business Development Centers (SBDC), SCORE, Women's Business Centers, Veterans' Business Outreach Centers (VBOC), and Microloan technical assistance, as well as various entrepreneurial development programs and initiatives. These include Entrepreneurial Education, a program designed to train and develop small business owners who are poised for growth; the State Trade Expansion Program (STEP), which helps small businesses tap global markets and expand exports; and Veterans Outreach programs like the Boots to Business program, which provides entrepreneurship training to America's veterans transitioning to civilian life. The Budget also supports other efforts, such as the HUBZone Program, Federal and State Technology (FAST) Partnership Program, and other outreach and contracting activities supporting underserved communities and fostering innovation.

Object Classification (in millions of dollars)


Identification code 073–0400–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
11.1 Personnel compensation: Full-time permanent 2 2 2
12.1 Civilian personnel benefits 1 1 1
25.1 Advisory and assistance services 1
25.2 Other services from non-Federal sources 12 6 6
41.0 Grants, subsidies, and contributions 497 402 386



99.9 Total new obligations, unexpired accounts 513 411 395

Employment Summary


Identification code 073–0400–0–1–376 2020 actual 2021 est. 2022 est.

1001 Direct civilian full-time equivalent employment 19 25 25

Shuttered Venue Operators

Program and Financing (in millions of dollars)


Identification code 073–0700–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Shuttered Venue Grants 16,250

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 16,250
1930 Total budgetary resources available 16,250

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 16,250
3020 Outlays (gross) –16,250

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 16,250
Outlays, gross:
4100 Outlays from new mandatory authority 16,250
4180 Budget authority, net (total) 16,250
4190 Outlays, net (total) 16,250

The Shuttered Venue Operators Grant (SVOG) Program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The SVOG Program provides funds to support the ongoing operations of eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, relevant museum operators, motion picture theater operators, and talent representatives who have experienced significant revenue losses due to the effects of the COVID-19 pandemic.

Object Classification (in millions of dollars)


Identification code 073–0700–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
25.1 Advisory and assistance services 1
41.0 Grants, subsidies, and contributions 16,249



99.9 Total new obligations, unexpired accounts 16,250

Restaurant Revitalization Fund

Program and Financing (in millions of dollars)


Identification code 073–0800–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 Restaurant Revitalization Grants 28,600



0900 Total new obligations, unexpired accounts (object class 41.0) 28,600

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 28,600
1930 Total budgetary resources available 28,600

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 28,600
3020 Outlays (gross) –28,600

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 28,600
Outlays, gross:
4100 Outlays from new mandatory authority 28,600
4180 Budget authority, net (total) 28,600
4190 Outlays, net (total) 28,600

The Restaurant Revitalization Fund (RRF) was established by the American Rescue Plan. The RRF Program provides funds to support certain payroll and non-payroll expenses for eligible entities in the food and beverage service industry who experienced significant revenue losses due to the effects of the COVID-19 pandemic.

Information Technology System Modernization and Working Capital Fund

Program and Financing (in millions of dollars)


Identification code 073–1161–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0001 IT Working Capital Fund 4 7 2



0900 Total new obligations, unexpired accounts (object class 25.2) 4 7 2

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 6 10 3
Budget authority:
Appropriations, discretionary:
1121 Appropriations transferred from other acct [073–0100] 8
1930 Total budgetary resources available 14 10 3
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 10 3 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 2 5
3010 New obligations, unexpired accounts 4 7 2
3020 Outlays (gross) –2 –4



3050 Unpaid obligations, end of year 2 5 7
Memorandum (non-add) entries:
3100 Obligated balance, start of year 2 5
3200 Obligated balance, end of year 2 5 7

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 8
Outlays, gross:
4011 Outlays from discretionary balances 2 4
4180 Budget authority, net (total) 8
4190 Outlays, net (total) 2 4

The Information Technology Working Capital Fund finances long-term IT modernization projects, including centralized management of systems, equipment, services, and maintenance.

Surety Bond Guarantees Revolving Fund

Program and Financing (in millions of dollars)


Identification code 073–4156–0–3–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0801 Reimbursable obligations 18 18 18



0900 Total new obligations, unexpired accounts (object class 42.0) 18 18 18

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 100 103 103
1033 Recoveries of prior year paid obligations 3



1050 Unobligated balance (total) 103 103 103
Budget authority:
Spending authority from offsetting collections, discretionary:
1700 Collected 18 18 18
1930 Total budgetary resources available 121 121 121
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 103 103 103

Change in obligated balance:
Unpaid obligations:
3010 New obligations, unexpired accounts 18 18 18
3020 Outlays (gross) –18 –18 –18

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 18 18 18
Outlays, gross:
4010 Outlays from new discretionary authority 18 18
4011 Outlays from discretionary balances 18



4020 Outlays, gross (total) 18 18 18
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –21 –18 –18
Additional offsets against gross budget authority only:
4053 Recoveries of prior year paid obligations, unexpired accounts 3
4080 Outlays, net (discretionary) –3
4180 Budget authority, net (total)
4190 Outlays, net (total) –3

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. It is estimated that there are sufficient funds in reserve to cover the cost of claim defaults in 2022. Therefore, no new appropriated funds are requested in the Budget.

BUSINESS LOANS PROGRAM ACCOUNT

(INCLUDING TRANSFER OF FUNDS)

For the cost of direct loans, $6,000,000, 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 2022 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000: Provided further, That during fiscal year 2022 commitments for general business loans authorized under paragraphs (1) through (35) of section 7(a) of the Small Business Act shall not exceed $30,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2021 commitments for loans authorized under subparagraph (C) of section 502(7) of the Small Business Investment Act of 1958 (15 U.S.C. 696(7)) shall not exceed $7,500,000,000: Provided further, That during fiscal year 2022 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958 shall not exceed $4,000,000,000: Provided further, That during fiscal year 2022, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $13,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $165,300,000, which may be transferred to and merged with the appropriations for Salaries and Expenses.

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–1154–0–1–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
Credit program obligations:
0701 Direct loan subsidy 5 10 7
0702 Loan guarantee subsidy 532,393 290,657
0703 Subsidy for modifications of direct loans 26 28
0704 Subsidy for modifications of loan guarantees 7,799 7,034
0705 Reestimates of direct loan subsidy 1 16
0706 Interest on reestimates of direct loan subsidy 2
0707 Reestimates of loan guarantee subsidy 38 1,998
0708 Interest on reestimates of loan guarantee subsidy 14 40
0709 Administrative expenses 156 161 165



0900 Total new obligations, unexpired accounts 540,432 299,946 172

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 34 147,235 135
1001 Discretionary unobligated balance brought fwd, Oct 1 34 49
1021 Recoveries of prior year unpaid obligations 1 3 3



1050 Unobligated balance (total) 35 147,238 138
Budget authority:
Appropriations, discretionary:
1100 Appropriation 259 180 171
1100 Appropriation EAA 1,925
1130 Appropriations permanently reduced –16



1160 Appropriation, discretionary (total) 243 2,105 171
Appropriations, mandatory:
1200 Appropriation 687,389 297,238
1230 Appropriations and/or unobligated balance of appropriations permanently reduced –146,500



1260 Appropriations, mandatory (total) 687,389 150,738
1900 Budget authority (total) 687,632 152,843 171
1930 Total budgetary resources available 687,667 300,081 309
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 147,235 135 137

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 3 6,478 7,735
3010 New obligations, unexpired accounts 540,432 299,946 172
3020 Outlays (gross) –533,956 –298,686 –191
3040 Recoveries of prior year unpaid obligations, unexpired –1 –3 –3



3050 Unpaid obligations, end of year 6,478 7,735 7,713
Memorandum (non-add) entries:
3100 Obligated balance, start of year 3 6,478 7,735
3200 Obligated balance, end of year 6,478 7,735 7,713

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 243 2,105 171
Outlays, gross:
4010 Outlays from new discretionary authority 200 2,063 168
4011 Outlays from discretionary balances 3 3 23



4020 Outlays, gross (total) 203 2,066 191
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033 Non-Federal sources –1
Additional offsets against gross budget authority only:
4052 Offsetting collections credited to expired accounts 1



4070 Budget authority, net (discretionary) 243 2,105 171
4080 Outlays, net (discretionary) 202 2,066 191
Mandatory:
4090 Budget authority, gross 687,389 150,738
Outlays, gross:
4100 Outlays from new mandatory authority 533,753 150,738
4101 Outlays from mandatory balances 145,882



4110 Outlays, gross (total) 533,753 296,620
4180 Budget authority, net (total) 687,632 152,843 171
4190 Outlays, net (total) 533,955 298,686 191

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 073–1154–0–1–376 2020 actual 2021 est. 2022 est.

Direct loan levels supportable by subsidy budget authority:
115001 7(m) Direct Microloans 56 110 110



115999 Total direct loan levels 56 110 110
Direct loan subsidy (in percent):
132001 7(m) Direct Microloans 9.29 8.99 6.28



132999 Weighted average subsidy rate 9.29 8.99 6.28
Direct loan subsidy budget authority:
133001 7(m) Direct Microloans 5 10 7



133999 Total subsidy budget authority 5 10 7
Direct loan subsidy outlays:
134001 7(m) Direct Microloans 5 10 7
134012 CARES Act S. 1112 Direct Loans 26



134999 Total subsidy outlays 31 10 7
Direct loan reestimates:
135001 7(m) Direct Microloans 18



135999 Total direct loan reestimates 18

Guaranteed loan levels supportable by subsidy budget authority:
215002 7(a) General Business Loan Guarantees 20,570 45,000 30,000
215004 Section 504 Certified Development Companies Debentures 5,365 1,644 7,500
215006 SBIC Debentures 2,102 4,000 4,000
215010 Secondary Market Guarantee 6,543 13,000 13,000
215027 504 Commercial Real Estate (CRE) Refinance Program 362 5,500 7,500
215039 Paycheck Protection Program (PPP) 523,324 278,529
215040 7(a) General Business—PL 116–260 Part-Year COVID Support 30,000
215041 Section 504 Debentures—PL 116–260 Part-Year COVID Support 5,856
215042 504 CRE Refinance—PL 116–260 Part-Year COVID Support 2,000



215999 Total loan guarantee levels 558,266 385,529 62,000
Guaranteed loan subsidy (in percent):
232002 7(a) General Business Loan Guarantees 0.33 0.08 0.00
232004 Section 504 Certified Development Companies Debentures 0.00 0.00 0.00
232006 SBIC Debentures 0.00 0.00 0.00
232010 Secondary Market Guarantee 0.00 0.00 0.00
232027 504 Commercial Real Estate (CRE) Refinance Program 0.00 0.00 0.00
232039 Paycheck Protection Program (PPP) 101.72 103.70 0.00
232040 7(a) General Business—PL 116–260 Part-Year COVID Support 0.00 5.40 0.00
232041 Section 504 Debentures—PL 116–260 Part-Year COVID Support 0.00 2.04 0.00
232042 504 CRE Refinance—PL 116–260 Part-Year COVID Support 0.00 2.12 0.00



232999 Weighted average subsidy rate 95.37 75.39 0.00
Guaranteed loan subsidy budget authority:
233002 7(a) General Business Loan Guarantees 68 35
233039 Paycheck Protection Program (PPP) 532,325 288,841
233040 7(a) General Business—PL 116–260 Part-Year COVID Support 1,620
233041 Section 504 Debentures—PL 116–260 Part-Year COVID Support 119
233042 504 CRE Refinance—PL 116–260 Part-Year COVID Support 42



233999 Total subsidy budget authority 532,393 290,657
Guaranteed loan subsidy outlays:
234002 7(a) General Business Loan Guarantees 43 26
234004 Section 504 Certified Development Companies Debentures 3
234014 CARES Act S. 1112 Guaranteed Loans 7,799
234039 Paycheck Protection Program (PPP) 524,609 293,260
234040 7(a) General Business—PL 116–260 Part-Year COVID Support 1,168
234041 Section 504 Debentures—PL 116–260 Part-Year COVID Support 36
234042 504 CRE Refinance—PL 116–260 Part-Year COVID Support 19



234999 Total subsidy outlays 532,451 294,509 3
Guaranteed loan reestimates:
235002 7(a) General Business Loan Guarantees –355 –926
235003 7(a) General Business Loan Guarantees—STAR –1 –1
235004 Section 504 Certified Development Companies Debentures –306 –157
235006 SBIC Debentures –210 5
235007 SBIC Participating Securities –57 –53
235008 SBIC New Market Venture Capital –2 7
235010 Secondary Market Guarantee –81 38
235015 Secondary Market 504 First Mortgage Guarantees—ARRA –3
235017 7(a) General Business Loan Guarantees—ARRA 2 –6
235018 Section 504 Certified Development Companies—ARRA –7 –14
235026 Section 504 Certified Development Companies Debentures—ARRA Ext –12 –6
235027 504 Commercial Real Estate (CRE) Refinance Program –17 –80
235028 7(a) Business Loan Guarantees—ARRA Extension 4 –21
235039 Paycheck Protection Program (PPP) –4,029



235999 Total guaranteed loan reestimates –1,045 –5,243

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 2022, the Budget proposes $171.3 million in new budget authority for the Business Loans Program account. This includes $160.3 million in administrative expenses funding; $5.0 million to help facilitate access to capital to support climate change resiliency and the clean energy economy; and $6.0 million in credit subsidy for the direct Microloan Program to support a program level of $110 million. The 2022 Budget requests no subsidy appropriation for SBA's business loan guarantee programs, the 7(a), 504 Certified Development Company (CDC), 504 Debt Refinancing, and Small Business Investment Company (SBIC) programs. The Budget supports a program level of $30 billion in Section 7(a) loan guarantees that provide general business credit assistance, while waiving upfront fees on SBA Express loans to Veterans. The Budget also proposes a program level of $7.5 billion for the guaranteed loan program authorized by Section 503 of the Small Business Investment Act of 1958 for long-term, fixed-rate financing and a program level of $7.5 billion for purposes of refinancing existing commercial mortgage and equipment debt authorized by Section 502(7)(C) of the Small Business Investment Act of 1958. The 2022 Budget continues to support innovative financial instruments through the SBA's SBIC program by providing up to $4 billion in long-term guaranteed loans to support venture capital investments in small businesses. In addition, the Budget supports a $13 billion program level for the Secondary Market Guarantee (SMG) program, which allows SBA's fiscal agent to pool the guaranteed portion of 7(a) loans and sell the securities to investors, in turn providing liquidity to participating 7(a) program lenders.

Object Classification (in millions of dollars)


Identification code 073–1154–0–1–376 2020 actual 2021 est. 2022 est.

Direct obligations:
25.3 Other goods and services from Federal sources 156 161 165
41.0 Grants, subsidies, and contributions 540,276 299,785 7



99.9 Total new obligations, unexpired accounts 540,432 299,946 172

Business Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 073–4148–0–3–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
Credit program obligations:
0710 Direct loan obligations 56 110 110
0713 Payment of interest to Treasury 6 7 7
0715 Other 1 1
0716 CARES Act Section 1112 31 36 15
0742 Downward reestimates paid to receipt accounts 1



0900 Total new obligations, unexpired accounts 95 154 132

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 6 2
1021 Recoveries of prior year unpaid obligations 3 3 3
1023 Unobligated balances applied to repay debt –7 –5 –3



1050 Unobligated balance (total) 2
Financing authority:
Appropriations, mandatory:
1200 Appropriation 2 1
Borrowing authority, mandatory:
1400 Borrowing authority 56 107 114
Spending authority from offsetting collections, mandatory:
1800 Collected 63 71 50
1825 Spending authority from offsetting collections applied to repay debt –26 –25 –32



1850 Spending auth from offsetting collections, mand (total) 37 46 18
1900 Budget authority (total) 95 154 132
1930 Total budgetary resources available 97 154 132
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 2

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 42 41 111
3010 New obligations, unexpired accounts 95 154 132
3020 Outlays (gross) –93 –81 –101
3040 Recoveries of prior year unpaid obligations, unexpired –3 –3 –3



3050 Unpaid obligations, end of year 41 111 139
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –4 –4 –4



3090 Uncollected pymts, Fed sources, end of year –4 –4 –4
Memorandum (non-add) entries:
3100 Obligated balance, start of year 38 37 107
3200 Obligated balance, end of year 37 107 135

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 95 154 132
Financing disbursements:
4110 Outlays, gross (total) 93 81 101
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Federal sources: Subsidy from program account –31 –10 –7
4120 Upward reestimate –1 –16
4120 Interest on reestimate –2
4122 Interest on uninvested funds –2 –6 –2
4123 Repayments of principal, net –29 –34 –37
4123 Other income –3 –4



4130 Offsets against gross budget authority and outlays (total) –63 –71 –50



4160 Budget authority, net (mandatory) 32 83 82
4170 Outlays, net (mandatory) 30 10 51
4180 Budget authority, net (total) 32 83 82
4190 Outlays, net (total) 30 10 51

Status of Direct Loans (in millions of dollars)


Identification code 073–4148–0–3–376 2020 actual 2021 est. 2022 est.

Position with respect to appropriations act limitation on obligations:
1111 Direct loan obligations from current-year authority 56 110 82
1121 Limitation available from carry-forward 22 18 53
1143 Unobligated limitation carried forward (P.L. xx) (-) –22 –18 –25



1150 Total direct loan obligations 56 110 110

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 192 217 240
1231 Disbursements: Direct loan disbursements 53 58 95
1251 Repayments: Repayments and prepayments –27 –34 –37
1263 Write-offs for default: Direct loans –1 –1 –1



1290 Outstanding, end of year 217 240 297

Balance Sheet (in millions of dollars)


Identification code 073–4148–0–3–376 2019 actual 2020 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 45 34
Investments in U.S. securities:
1106 Receivables, net 1 14
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 192 217
1402 Interest receivable 1
1405 Allowance for subsidy cost (-) –20 –31


1499 Net present value of assets related to direct loans 172 187


1999 Total assets 218 235
LIABILITIES:
Federal liabilities:
2103 Debt 217 234
2104 Resources payable to Treasury (Downward Reestimate) 1 1
2201 Non-Federal liabilities: Accounts payable


2999 Total liabilities 218 235
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 218 235

Business Guaranteed Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 073–4149–0–3–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
Credit program obligations:
0711 Default claim payments on principal 1,126 6,361 1,680
0712 Default claim payments on interest 156 881 100
0713 Payment of interest to Treasury 65 70 80
0715 Other Expenses 413 463 299
0716 CARES Act Section 1112 (Debt Relief) 6,626 4,826 2,000
0717 CARES Act Section 1102 (PPP) 18,206 670,353 140,000
0741 Modification savings 1,282 13
0742 Downward reestimates paid to receipt accounts 936 1,257
0743 Interest on downward reestimates 162 6,023



0900 Total new obligations, unexpired accounts 28,972 690,247 144,159

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 3,643 525,189 142,346
1023 Unobligated balances applied to repay debt –161



1050 Unobligated balance (total) 3,482 525,189 142,346
Financing authority:
Appropriations, mandatory:
1200 Appropriation 87 36
Borrowing authority, mandatory:
1400 Borrowing authority 452 1,312 356
Spending authority from offsetting collections, mandatory:
1800 Collected 543,724 306,056 2,493
1801 Change in uncollected payments, Federal sources 6,474
1820 Capital transfer of spending authority from offsetting collections to general fund –58



1850 Spending auth from offsetting collections, mand (total) 550,140 306,056 2,493
1900 Budget authority (total) 550,679 307,404 2,849
1930 Total budgetary resources available 554,161 832,593 145,195
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 525,189 142,346 1,036

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 22 312 29,625
3010 New obligations, unexpired accounts 28,972 690,247 144,159
3020 Outlays (gross) –28,682 –660,934 –153,979



3050 Unpaid obligations, end of year 312 29,625 19,805
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –1 –6,475 –6,475
3070 Change in uncollected pymts, Fed sources, unexpired –6,474



3090 Uncollected pymts, Fed sources, end of year –6,475 –6,475 –6,475
Memorandum (non-add) entries:
3100 Obligated balance, start of year 21 –6,163 23,150
3200 Obligated balance, end of year –6,163 23,150 13,330

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 550,679 307,404 2,849
Financing disbursements:
4110 Outlays, gross (total) 28,682 660,934 153,979
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Subsidy from program account –533,770 –294,509 –3
4120 Upward reestimate –1,998
4120 Interest on reestimate –40
4122 Interest on uninvested funds –7,912 –90 –90
4123 Fees –1,358 –2,147 –1,750
4123 Principal –554 –6,361 –560
4123 Interest –43 –881 –60
4123 Sale of Foreclosed Property –19
4123 Other –68 –30 –30



4130 Offsets against gross budget authority and outlays (total) –543,724 –306,056 –2,493
Additional offsets against financing authority only (total):
4140 Change in uncollected pymts, Fed sources, unexpired –6,474



4160 Budget authority, net (mandatory) 481 1,348 356
4170 Outlays, net (mandatory) –515,042 354,878 151,486
4180 Budget authority, net (total) 481 1,348 356
4190 Outlays, net (total) –515,042 354,878 151,486

Status of Guaranteed Loans (in millions of dollars)


Identification code 073–4149–0–3–376 2020 actual 2021 est. 2022 est.

Position with respect to appropriations act limitation on commitments:
2111 Guaranteed loan commitments from current-year authority 720,000 385,529 62,000
2121 Limitation available from carry-forward
2142 Uncommitted loan guarantee limitation –161,734



2150 Total guaranteed loan commitments 558,266 385,529 62,000
2199 Guaranteed amount of guaranteed loan commitments 53,182 385,529 62,000

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year 129,717 646,028 332,103
2231 Disbursements of new guaranteed loans 542,949 356,255 59,500
2251 Repayments and prepayments –24,743 –24,615 –63,347
Adjustments:
2261 Terminations for default that result in loans receivable –1,507 –5,603 –4,246
2263 Terminations for default that result in claim payments –385 –1,923 –1,458
2264 Other adjustments, net –3 –638,039 –151,347



2290 Outstanding, end of year 646,028 332,103 171,205

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding, end of year 621,677 319,585 164,752

Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310 Outstanding, start of year 3,373 3,526 8,949
2331 Disbursements for guaranteed loan claims 1,220 7,242 5,488
2351 Repayments of loans receivable –557 –548 –621
2361 Write-offs of loans receivable –542 –1,271 –1,704
2364 Other adjustments, net 32



2390 Outstanding, end of year 3,526 8,949 12,112

Balance Sheet (in millions of dollars)


Identification code 073–4149–0–3–376 2019 actual 2020 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 3,664 519,026
Investments in U.S. securities:
1106 Receivables, net 93 2,611
1206 Non-Federal assets: Receivables, net 160 108
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501 Defaulted guaranteed loans receivable, gross 3,373 3,526
1502 Interest receivable
1504 Foreclosed property 16 31
1505 Allowance for subsidy cost (-) –2,423 –2,215


1599 Net present value of assets related to defaulted guaranteed loans 966 1,342


1999 Total assets 4,883 523,087
LIABILITIES:
Federal liabilities:
2103 Debt 2,003 2,293
2105 Other 868 8,058
Non-Federal liabilities:
2201 Accounts payable 12 24
2204 Liabilities for loan guarantees 2,000 512,712


2999 Total liabilities 4,883 523,087
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 4,883 523,087

Business Guaranteed Loan Financing Account

(Legislative proposal, not subject to PAYGO)

Status of Guaranteed Loans (in millions of dollars)


Identification code 073–4149–2–3–376 2020 actual 2021 est. 2022 est.

Position with respect to appropriations act limitation on commitments:
2111 Guaranteed loan commitments from current-year authority
2121 Limitation available from carry-forward
2142 Uncommitted loan guarantee limitation



2150 Total guaranteed loan commitments
2199 Guaranteed amount of guaranteed loan commitments

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year
2231 Disbursements of new guaranteed loans 9
2251 Repayments and prepayments
Adjustments:
2261 Terminations for default that result in loans receivable
2263 Terminations for default that result in claim payments
2264 Other adjustments, net



2290 Outstanding, end of year 9

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding, end of year

Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310 Outstanding, start of year
2331 Disbursements for guaranteed loan claims
2351 Repayments of loans receivable
2361 Write-offs of loans receivable
2364 Other adjustments, net



2390 Outstanding, end of year

Business Loan Fund Liquidating Account

Program and Financing (in millions of dollars)


Identification code 073–4154–0–3–376 2020 actual 2021 est. 2022 est.

Obligations by program activity:
0005 Guaranteed loan default claims 1 1



0600 Direct program activities, subtotal 1 1



0900 Total new obligations, unexpired accounts (object class 33.0) 1 1

Budgetary resources:
Budget authority:
Appropriations, mandatory:
1200 Appropriation 1 1
Spending authority from offsetting collections, mandatory:
1800 Collected 2 3 3
1820 Capital transfer of spending authority from offsetting collections to general fund –2 –3 –3
1900 Budget authority (total) 1 1
1930 Total budgetary resources available 1 1

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 1 1 2
3010 New obligations, unexpired accounts 1 1



3050 Unpaid obligations, end of year 1 2 3
Memorandum (non-add) entries:
3100 Obligated balance, start of year 1 1 2
3200 Obligated balance, end of year 1 2 3

Budget authority and outlays, net:
Mandatory:
4090 Budget authority, gross 1 1
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –2 –3 –3
4180 Budget authority, net (total) –2 –2 –2
4190 Outlays, net (total) –2 –3 –3

Status of Direct Loans (in millions of dollars)


Identification code 073–4154–0–3–376 2020 actual 2021 est. 2022 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 7 1
1263 Write-offs for default: Direct loans –1
1264 Other adjustments, net (+ or -) –6



1290 Outstanding, end of year 1

Status of Guaranteed Loans (in millions of dollars)


Identification code 073–4154–0–3–376 2020 actual 2021 est. 2022 est.

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year
2251 Repayments and prepayments



2290 Outstanding, end of year

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding, end of year

Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310 Outstanding, start of year 4 1 1
2331 Disbursements for guaranteed loan claims
2351 Repayments of loans receivable
2361 Write-offs of loans receivable –1
2364 Other adjustments, net –2



2390 Outstanding, end of year 1 1 1

Balance Sheet (in millions of dollars)


Identification code 073–4154–0–3–376 2019 actual 2020 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury 1
1206 Non-Federal assets: Receivables, net
1601 Direct loans, gross 11 1
1602 Interest receivable
1603 Allowance for estimated uncollectible loans and interest (-) –10 –1


1604 Direct loans and interest receivable, net 1
1606 Foreclosed property 4 5


1699 Value of assets related to direct loans 5 5
1701 Defaulted guaranteed loans, gross 1
1703 Allowance for estimated uncollectible loans and interest (-)


1799 Value of assets related to loan guarantees 1
1801 Other Federal assets: Cash and other monetary assets 3 10


1999 Total assets 9 16
LIABILITIES:
Federal liabilities:
2102 Interest payable 1
2104 Resources payable to Treasury 8 15
2201 Non-Federal liabilities: Accounts payable 1


2999 Total liabilities 9 16
NET POSITION:
3100 Unexpended appropriations
3300 Cumulative results of operations


3999 Total net position


4999 Total liabilities and net position 9 16

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, $178,000,000, to be available until expended, of which $1,600,000 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 the appropriations for the Office of Inspector General; of which $168,000,000, 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 the appropriations for Salaries and Expenses; and of which $8,400,000 is for indirect administrative expenses for the direct loan program, which may be transferred to and merged with the appropriations for Salaries and Expenses: Provided, That of the funds provided under this heading, $143,000,000, shall be for major disasters declared pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)): Provided further, That the amount for major disasters under this heading is designated by Congress as being for disaster relief pursuant to a concurrent resolution on the budget.

(Financial Services and General Government Appropriations Act, 2021.)

Program and Financing (in millions of dollars)


Identification code 073–1152–0–1–453 2020 actual 2021 est. 2022 est.

Obligations by program activity:
Credit program obligations:
0701 Direct loan subsidy 26,139 24,246 1,043
0705 Reestimates of direct loan subsidy 60 83
0706 Interest on reestimates of direct loan subsidy 6 1,496
0709 Administrative expenses 759 368 178



0900 Total new obligations, unexpired accounts 26,964 26,193 1,221

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 1,110 25,006 1,231
1021 Recoveries of prior year unpaid obligations 35 213 213



1050 Unobligated balance (total) 1,145 25,219 1,444
Budget authority:
Appropriations, discretionary:
1100 Appropriation 16 25 35
1100 Appropriation, disaster relief pursuant Stafford Act 50,743 143 143
1120 Appropriations transferred to other acct [073–0200] –2 –2



1160 Appropriation, discretionary (total) 50,759 166 176
Appropriations, mandatory:
1200 Appropriation 66 1,579
1200 Appropriation ARPA 460



1260 Appropriations, mandatory (total) 66 2,039
1900 Budget authority (total) 50,825 2,205 176
1930 Total budgetary resources available 51,970 27,424 1,620
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 25,006 1,231 399

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 79 1,879 9,692
3010 New obligations, unexpired accounts 26,964 26,193 1,221
3020 Outlays (gross) –25,129 –18,167 –8,205
3040 Recoveries of prior year unpaid obligations, unexpired –35 –213 –213



3050 Unpaid obligations, end of year 1,879 9,692 2,495
Memorandum (non-add) entries:
3100 Obligated balance, start of year 79 1,879 9,692
3200 Obligated balance, end of year 1,879 9,692 2,495

Budget authority and outlays, net:
Discretionary:
4000 Budget authority, gross 50,759 166 176
Outlays, gross:
4010 Outlays from new discretionary authority 24,053 166 176
4011 Outlays from discretionary balances 1,010 16,222 7,769



4020 Outlays, gross (total) 25,063 16,388 7,945
Mandatory:
4090 Budget authority, gross 66 2,039
Outlays, gross:
4100 Outlays from new mandatory authority 66 1,779
4101 Outlays from mandatory balances 260



4110 Outlays, gross (total) 66 1,779 260
4180 Budget authority, net (total) 50,825 2,205 176
4190 Outlays, net (total) 25,129 18,167 8,205

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)


Identification code 073–1152–0–1–453 2020 actual 2021 est. 2022 est.

Direct loan levels supportable by subsidy budget authority:
115001 Disaster Assistance Loans 191,913 271,918 9,525



115999 Total direct loan levels 191,913 271,918 9,525
Direct loan subsidy (in percent):
132001 Disaster Assistance Loans 13.62 8.92 10.95



132999 Weighted average subsidy rate 13.62 8.92 10.95
Direct loan subsidy budget authority:
133001 Disaster Assistance Loans 26,139 24,246 1,043



133999 Total subsidy budget authority 26,139 24,246 1,043
Direct loan subsidy outlays:
134001 Disaster Assistance Loans 24,303 16,222 7,769



134999 Total subsidy outlays 24,303 16,222 7,769
Direct loan reestimates:
135001 Disaster Assistance Loans –90 –18,905
135002 Economic Injury Disaster Loans—Terrorist Attack –3



135999 Total direct loan reestimates –93 –18,905

Administrative expense data:
3510 Budget authority 759 168 178
3590 Outlays from new authority 759 168 178

As required by the Federal Credit Reform Act of 1990, as amended, for loans made pursuant to Section 7(b) of the Small Business Act, as amended, this account records 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 the disaster loan 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 for up to 30 years to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster. This includes Economic Injury Disaster Loans for COVID-19.

The Budget requests $143 million in new budget authority 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) and $35 million for administrative expenses related to non-major disasters and disaster mitigation. This includes $5 million to help facilitate access to capital to support climate change resiliency and the clean energy economy,

Object Classification (in millions of dollars)


Identification code 073–1152–0–1–453 2020 actual 2021 est. 2022 est.

Direct obligations:
25.3 Other goods and services from Federal sources 759 368 178
41.0 Grants, subsidies, and contributions 26,205 25,825 1,043



99.9 Total new obligations, unexpired accounts 26,964 26,193 1,221

Disaster Direct Loan Financing Account

Program and Financing (in millions of dollars)


Identification code 073–4150–0–3–453 2020 actual 2021 est. 2022 est.

Obligations by program activity:
Credit program obligations:
0710 Direct loan obligations 191,913 271,918 9,525
0713 Payment of interest to Treasury 7,611 8,000 400
0715 Other 22 30 25
0742 Downward reestimates paid to receipt accounts 104 20,476
0743 Interest on downward reestimates 55 7



0900 Total new obligations, unexpired accounts 199,705 300,431 9,950

Budgetary resources:
Unobligated balance:
1000 Unobligated balance brought forward, Oct 1 776 133
1021 Recoveries of prior year unpaid obligations 286 374 374
1023 Unobligated balances applied to repay debt –775



1050 Unobligated balance (total) 287 507 374
Financing authority:
Borrowing authority, mandatory:
1400 Borrowing authority 207,873 267,888 10,000
1422 Borrowing authority applied to repay debt –41,114



1440 Borrowing authority, mandatory (total) 166,759 267,888 10,000
Spending authority from offsetting collections, mandatory:
1800 Collected 32,007 32,036 32,944
1801 Change in uncollected payments, Federal sources 1,800
1820 Capital transfer of spending authority from offsetting collections to general fund –965
1825 Spending authority from offsetting collections applied to repay debt –1,015



1850 Spending auth from offsetting collections, mand (total) 32,792 32,036 31,979
1900 Budget authority (total) 199,551 299,924 41,979
1930 Total budgetary resources available 199,838 300,431 42,353
Memorandum (non-add) entries:
1941 Unexpired unobligated balance, end of year 133 32,403

Change in obligated balance:
Unpaid obligations:
3000 Unpaid obligations, brought forward, Oct 1 640 13,875 101,685
3010 New obligations, unexpired accounts 199,705 300,431 9,950
3020 Outlays (gross) –186,184 –212,247 –85,349
3040 Recoveries of prior year unpaid obligations, unexpired –286 –374 –374



3050 Unpaid obligations, end of year 13,875 101,685 25,912
Uncollected payments:
3060 Uncollected pymts, Fed sources, brought forward, Oct 1 –79 –1,879 –1,879
3070 Change in uncollected pymts, Fed sources, unexpired –1,800



3090 Uncollected pymts, Fed sources, end of year –1,879 –1,879 –1,879
Memorandum (non-add) entries:
3100 Obligated balance, start of year 561 11,996 99,806
3200 Obligated balance, end of year 11,996 99,806 24,033

Financing authority and disbursements, net:
Mandatory:
4090 Budget authority, gross 199,551 299,924 41,979
Financing disbursements:
4110 Outlays, gross (total) 186,184 212,247 85,349
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120 Payments from program account –24,303 –16,222 –7,769
4120 Upward reestimate –60 –83
4120 Interest on upward reestimate –6 –1,496
4122 Interest income from Treasury –4,710 –4,000 –4,000
4123 Repayments of principal, net –2,928 –10,235 –21,175



4130 Offsets against gross budget authority and outlays (total) –32,007 –32,036 –32,944
Additional offsets against financing authority only (total):
4140 Change in uncollected pymts, Fed sources, unexpired –1,800



4160 Budget authority, net (mandatory) 165,744 267,888 9,035
4170 Outlays, net (mandatory) 154,177 180,211 52,405
4180 Budget authority, net (total) 165,744 267,888 9,035
4190 Outlays, net (total) 154,177 180,211 52,405

Status of Direct Loans (in millions of dollars)


Identification code 073–4150–0–3–453 2020 actual 2021 est. 2022 est.

Position with respect to appropriations act limitation on obligations:
1111 Direct loan obligations from current-year authority 184,297
1121 Limitation available from carry-forward 8,149 271,918 9,525
1143 Unobligated limitation carried forward (-) –533



1150 Total direct loan obligations 191,913 271,918 9,525

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 9,610 187,039 356,181
1231 Disbursements: Direct loan disbursements 178,458 181,868 85,349
1251 Repayments: Repayments and prepayments –2,617 –10,235 –21,175
1263 Write-offs for default: Direct loans –128 –2,491 –4,744
1264 Other adjustments, net (+ or -) 1,716



1290 Outstanding, end of year 187,039 356,181 415,611

Balance Sheet (in millions of dollars)


Identification code 073–4150–0–3–453 2019 actual 2020 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury 1,338 11,217
Investments in U.S. securities:
1106 Receivables, net 66 1,578
Net value of assets related to post-1991 direct loans receivable:
1401 Direct loans receivable, gross 9,610 187,039
1402 Interest receivable
1404 Foreclosed property 4 4
1405 Allowance for subsidy cost (-) –1,265 –5,641


1499 Net present value of assets related to direct loans 8,349 181,402


1999 Total assets 9,753 194,197
LIABILITIES:
Federal liabilities:
2103 Debt 9,590 173,646
2105 Other 160 20,483
2201 Non-Federal liabilities: Accounts payable 3 68


2999 Total liabilities 9,753 194,197
NET POSITION:
3300 Cumulative results of operations


4999 Total liabilities and net position 9,753 194,197

Disaster Loan Fund Liquidating Account

Program and Financing (in millions of dollars)


Identification code 073–4153–0–3–453 2020 actual 2021 est. 2022 est.

Budgetary resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800 Collected 1 1
1820 Capital transfer of spending authority from offsetting collections to general fund –1 –1

Budget authority and outlays, net:
Mandatory:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123 Non-Federal sources –1 –1
4180 Budget authority, net (total) –1 –1
4190 Outlays, net (total) –1 –1

Status of Direct Loans (in millions of dollars)


Identification code 073–4153–0–3–453 2020 actual 2021 est. 2022 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year 1 1 1



1290 Outstanding, end of year 1 1 1

Balance Sheet (in millions of dollars)


Identification code 073–4153–0–3–453 2019 actual 2020 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury
1601 Direct loans, net 1 1
1603 Allowance for estimated uncollectible loans and interest (-)


1699 Value of assets related to direct loans 1 1


1999 Total assets 1 1
LIABILITIES:
2104 Federal liabilities: Resources payable to Treasury 1 1
NET POSITION:
3100 Unexpended appropriations


4999 Total liabilities and net position 1 1

Small Business Manufacturing

Small Business Manufacturing

(Legislative proposal, subject to PAYGO)

The American Jobs Plan proposes $30 billion to support small business access to credit, venture capital, and research & development dollars. Ensuring equitable access to capital is essential to supporting the growth of small businesses and entrepreneurship.

GENERAL FUND RECEIPT ACCOUNTS

(in millions of dollars)


2020 actual 2021 est. 2022 est.

Offsetting receipts from the public:
073–272130 Disaster Loan Program, Downward Reestimates of Subsidies 159 20,483
073–272210 Business Loan Program, Negative Subsidies 1,266
073–272230 Business Loan Program, Downward Reestimates of Subsidies 1,099 7,280
073–322000 All Other General Fund Proprietary Receipts Including Budget Clearing Accounts –1



General Fund Offsetting receipts from the public 2,523 27,763

ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION

'

(INCLUDING TRANSFERS OF FUNDS)

SEC. 540. 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.SEC. 541. Not to exceed 3 percent of any appropriation made available in this Act for the Small Business Administration under the headings "Salaries and Expenses" and "Business Loans Program Account" may be transferred to the Administration's information technology system modernization and working capital fund (IT WCF), as authorized by section 1077(b)(1) of title X of division A of the National Defense Authorization Act for Fiscal Year 2018, for the purposes specified in section 1077(b)(3) of such Act, upon the advance notice to the Committees on Appropriations of the House of Representatives and the Senate: Provided, That amounts transferred to the IT WCF under this section shall remain available for obligation through September 30, 2025. SEC. 542. DEVELOPMENT COMPANY LOANS TO SMALL MANUFACTURERS.—Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii)) is amended by striking "$5,500,000" and inserting "$6,500,000". SEC. 543. MICROLOAN PROGRAM FUNDING LEVEL CHANGE.—Section 7(m)(7)(B)(i)(I)(bb) of the Small Business Act (15 U.S.C. 636(m)(7)(B)(i)(I)(bb)) is amended by striking "1/55" and inserting "1/25". SEC. 544. CHANGES TO 7(a) SECONDARY MARKET FEE PROVISIONS.—Section 5(g)(2) of the Small Business Act is amended—

(1) by redesignating the current paragraph as subparagraph (A); and

(2) by adding a new subparagraph (B) to read as follows:

"(B) With respect to the Administration's guarantee of the payment of the principal of and interest on the trust certificates issued under this subsection, the Administration may assess, collect, and retain an annual fee, in an amount established once annually by the Administration in the Administration's budget request to Congress, not to exceed 0.05 percent per year of the outstanding balance of such trust certificates. The fee shall, at a minimum, offset the cost (as that term is defined in section 502 of the Federal Credit Reform Act of 1990) to the Administration of such guarantee, and any amounts received that exceed the cost of the payment guarantee shall be maintained in accordance with the Federal Credit Reform Act. The fee shall be payable solely by the holders of such trust certificates and shall not be charged to any borrower whose loan is part of such trust or pool. The Administration may contract with an agent to carry out, on behalf of the Administration, the assessment and collection of this fee. The fee shall be deducted from the amounts otherwise payable to such holders of the trust certificates.".

SEC. 545. REPEAL OF CERTAIN DISASTER AND BUSINESS LOAN PROGRAM AUTHORITIES.—

(a) Section 42 of the Small Business Act (15 U.S.C. 657n) is repealed.

(b) Section 7(c) of the Small Business Act (15 U.S.C. 636(c)) is repealed.

(c) Section 7(a)(31)(H) of the Small Business Act (15 U.S.C. 636(a)(31)(H)) is repealed.

SEC. 546. PERMANENT INCREASE TO THE UNSECURED THRESHOLD ON PHYSICAL DISASTER LOANS.— Section 2102(b) of the RISE After Disaster Act of 2015 (Public Law 114–88) is repealed. SEC. 547. SMALL BUSINESS DEVELOPMENT CENTERS AND WOMENS BUSINESS CENTER PROGRAM EVALUATIONS.—

(a) Section 21(a)(7)(A) of the Small Business Act (15 U.S.C. 648(a)(7)(A)) is amended by—

(1) striking the word "or" at the end of clause (i);

(2) striking the period at the end of clause (ii) and inserting "; or;" and

(3) adding the following new clause:

"(iii) the Administrator considers such a disclosure to be necessary for the purpose of conducting a program evaluation.".

(b) Section 29(n)(1) of the Small Business Act (15 U.S.C. 656(n)(1)) is amended by

(1) striking the word "or" at the end of subparagraph (A);

(2) striking the period at the end of subparagraph (B) and inserting "; or;" and

(3) adding the following new subparagraph:

"(C) the Administrator considers such a disclosure to be necessary for the purpose of conducting a program evaluation.".

(Financial Services and General Government Appropriations Act, 2021.)