Program and Financing (in millions of dollars)
|
||||
Identification code 073–0500–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | EIDL Grants | 5,751 | 2,053 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 5,751 | 2,053 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 43 | 29,294 | 320 |
1033 | Recoveries of prior year paid obligations | 14 | ||
|
|
|
||
1070 | Unobligated balance (total) | 57 | 29,294 | 320 |
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 35,000 | ||
1220 | Appropriations transferred to other acct [073–1152] | –10,634 | ||
1220 | Appropriations transferred to other acct [073–0100] | –500 | ||
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –15,787 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 35,000 | –26,921 | |
1930 | Total budgetary resources available | 35,057 | 2,373 | 320 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –12 | ||
1941 | Unexpired unobligated balance, end of year | 29,294 | 320 | 320 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 246 | 501 | 501 |
3010 | New obligations, unexpired accounts | 5,751 | 2,053 | |
3020 | Outlays (gross) | –5,496 | –2,053 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 501 | 501 | 501 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 246 | 501 | 501 |
3200 | Obligated balance, end of year | 501 | 501 | 501 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 35,000 | –26,921 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 5,496 | ||
4101 | Outlays from mandatory balances | 2,053 | ||
|
|
|
||
4110 | Outlays, gross (total) | 5,496 | 2,053 | |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –14 | ||
Additional offsets against gross budget authority only: | ||||
4143 | Recoveries of prior year paid obligations, unexpired accounts | 14 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | 35,000 | –26,921 | |
4170 | Outlays, net (mandatory) | 5,482 | 2,053 | |
4180 | Budget authority, net (total) | 35,000 | –26,921 | |
4190 | Outlays, net (total) | 5,482 | 2,053 | |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 35,000 | –26,921 | ||
Outlays | 5,482 | 2,053 | ||
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | –320 | |||
Outlays | –320 | |||
Total: | ||||
Budget Authority | 35,000 | –26,921 | –320 | |
Outlays | 5,482 | 2,053 | –320 | |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0500–4–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1220 | Appropriations transferred to other acct [073–0100] | –320 | ||
1930 | Total budgetary resources available | –320 | ||
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | –320 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3020 | Outlays (gross) | 320 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 320 | ||
Memorandum (non-add) entries: | ||||
3200 | Obligated balance, end of year | 320 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | –320 | ||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | –320 | ||
4180 | Budget authority, net (total) | –320 | ||
4190 | Outlays, net (total) | –320 | ||
|
The Infrastructure Investment and Jobs Act (P.L. 117–58) authorized SBA to transfer up to $500 million in unobligated balances from Targeted EIDL Advance funds provided in the American Rescue Plan (P.L. 117–2) to SBA Salaries and Expenses for COVID program administrative needs. The Budget requests the ability to transfer up to an additional $320 million from Targeted EIDL balances to continue to fund these necessary activities in 2023. This transfer will support the continued oversight and monitoring needs of SBA's COVID programs, as well as COVID EIDL servicing.
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, $346,257,000, 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 2023: Provided further, That $6,100,000 shall be available for the Loan Modernization and Accounting System, to be available until September 30, 2024: Provided further, That $20,000,000 shall be available for the Veteran's Small Business certification program as authorized by sections 36 and 36A of the Small Business Act, to be available until September 30, 2024.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0100–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Executive direction | 86 | 68 | 75 |
0002 | Capital Access | 726 | 120 | 25 |
0003 | Gov. Contracting/Bus. Development | 32 | 35 | 67 |
0004 | Entrepreneurial Development | 18 | 13 | 11 |
0005 | Chief Operating Office | 36 | 33 | 32 |
0006 | Office of Chief Information Officer | 58 | 30 | 42 |
0007 | Regional & district offices | 103 | 6 | 5 |
0008 | Agency wide costs | 62 | 77 | 69 |
0012 | Disaster | 939 | 748 | 426 |
0013 | Investment & Innovation | 13 | 7 | 3 |
0014 | International Trade | 7 | 7 | 9 |
|
|
|
||
0799 | Total direct obligations | 2,080 | 1,144 | 764 |
0802 | Capital Access | 13 | 266 | 65 |
0807 | Regional & district offices | 1 | 96 | 99 |
0812 | Disaster | 10 | 419 | 177 |
0813 | Investment & Innovation | 7 | 25 | 29 |
|
|
|
||
0899 | Total reimbursable obligations | 31 | 806 | 370 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 2,111 | 1,950 | 1,134 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1,815 | 871 | 497 |
1021 | Recoveries of prior year unpaid obligations | 16 | ||
1033 | Recoveries of prior year paid obligations | 1 | ||
|
|
|
||
1070 | Unobligated balance (total) | 1,832 | 871 | 497 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 270 | 270 | 346 |
1120 | Appropriations transferred to other acct [073–1161] | –6 | ||
1121 | Appropriations transferred from other acct [073–0500] | 500 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 264 | 770 | 346 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 890 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected - Disaster Transfer | 353 | 618 | 177 |
1700 | Collected | 188 | 193 | |
|
|
|
||
1750 | Spending auth from offsetting collections, disc (total) | 353 | 806 | 370 |
1900 | Budget authority (total) | 1,507 | 1,576 | 716 |
1930 | Total budgetary resources available | 3,339 | 2,447 | 1,213 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –357 | ||
1941 | Unexpired unobligated balance, end of year | 871 | 497 | 79 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 700 | 559 | 655 |
3010 | New obligations, unexpired accounts | 2,111 | 1,950 | 1,134 |
3011 | Obligations ("upward adjustments"), expired accounts | 9 | ||
3020 | Outlays (gross) | –2,233 | –1,854 | –1,235 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –16 | ||
3041 | Recoveries of prior year unpaid obligations, expired | –12 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 559 | 655 | 554 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 700 | 559 | 655 |
3200 | Obligated balance, end of year | 559 | 655 | 554 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 617 | 1,576 | 716 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 349 | 1,016 | 486 |
4011 | Outlays from discretionary balances | 1,879 | 588 | 643 |
|
|
|
||
4020 | Outlays, gross (total) | 2,228 | 1,604 | 1,129 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4030 | Federal sources | –329 | –779 | –339 |
4033 | Non-Federal sources | –25 | –27 | –31 |
|
|
|
||
4040 | Offsets against gross budget authority and outlays (total) | –354 | –806 | –370 |
Additional offsets against gross budget authority only: | ||||
4053 | Recoveries of prior year paid obligations, unexpired accounts | 1 | ||
|
|
|
||
4060 | Additional offsets against budget authority only (total) | 1 | ||
|
|
|
||
4070 | Budget authority, net (discretionary) | 264 | 770 | 346 |
4080 | Outlays, net (discretionary) | 1,874 | 798 | 759 |
Mandatory: | ||||
4090 | Budget authority, gross | 890 | ||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 5 | 250 | 106 |
4180 | Budget authority, net (total) | 1,154 | 770 | 346 |
4190 | Outlays, net (total) | 1,879 | 1,048 | 865 |
|
Summary of Budget Authority and Outlays (in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Enacted/requested: | ||||
Budget Authority | 1,154 | 770 | 346 | |
Outlays | 1,879 | 1,048 | 865 | |
Legislative proposal, subject to PAYGO: | ||||
Budget Authority | 320 | |||
Outlays | 320 | |||
Total: | ||||
Budget Authority | 1,154 | 770 | 666 | |
Outlays | 1,879 | 1,048 | 1,185 | |
|
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 2023 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 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
Personnel compensation: | ||||
11.1 | Full-time permanent | 233 | 45 | 100 |
11.3 | Other than full-time permanent | 368 | 163 | 197 |
11.5 | Other personnel compensation | 162 | 104 | 6 |
11.8 | Special personal services payments | 31 | ||
|
|
|
||
11.9 | Total personnel compensation | 794 | 312 | 303 |
12.1 | Civilian personnel benefits | 168 | 164 | 124 |
13.0 | Benefits for former personnel | 5 | ||
21.0 | Travel and transportation of persons | 5 | 1 | 5 |
23.1 | Rental payments to GSA | 47 | 35 | 46 |
23.3 | Communications, utilities, and miscellaneous charges | 22 | 8 | 8 |
25.1 | Advisory and assistance services | 8 | 1 | 5 |
25.2 | Other services from non-Federal sources | 966 | 572 | 218 |
25.3 | Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) | 35 | 8 | 8 |
25.4 | Operation and maintenance of facilities | 1 | ||
25.5 | Research and development contracts | 2 | 2 | 3 |
25.7 | Operation and maintenance of equipment | 23 | 37 | 38 |
26.0 | Supplies and materials | 2 | 2 | 3 |
31.0 | Equipment | 2 | 3 | |
41.0 | Grants, subsidies, and contributions | 2 | ||
|
|
|
||
99.0 | Direct obligations | 2,080 | 1,144 | 764 |
99.0 | Reimbursable obligations | 31 | 806 | 370 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 2,111 | 1,950 | 1,134 |
|
Employment Summary
|
||||
Identification code 073–0100–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 5,768 | 8,317 | 3,242 |
2001 | Reimbursable civilian full-time equivalent employment | 78 | 2,095 | 2,054 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0100–4–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0012 | Disaster | 320 | ||
|
|
|
||
0799 | Total direct obligations | 320 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 320 | ||
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1221 | Appropriations transferred from other acct [073–0500] | 320 | ||
1900 | Budget authority (total) | 320 | ||
1930 | Total budgetary resources available | 320 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 320 | ||
3020 | Outlays (gross) | –320 | ||
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 320 | ||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 320 | ||
4180 | Budget authority, net (total) | 320 | ||
4190 | Outlays, net (total) | 320 | ||
|
The Infrastructure Investment and Jobs Act (P.L. 117–58) authorized SBA to transfer up to $500 million in unobligated balances from Targeted EIDL Advance funds provided in the American Rescue Plan (P.L. 117–2) to SBA Salaries and Expenses for COVID program administrative needs. The Budget requests the ability to transfer up to an additional $320 million from Targeted EIDL balances to continue to fund these necessary activities in 2023. This transfer will support the continued oversight and monitoring needs of SBA's COVID programs, as well as COVID EIDL servicing.
For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, $32,020,000.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0200–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Audit | 11 | 13 | 15 |
0002 | Investigations | 13 | 19 | 21 |
0003 | Management and Operations | 3 | 5 | 6 |
0004 | Immediate office and Counsel | 1 | 2 | 2 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 28 | 39 | 44 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 32 | 52 | 39 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 47 | 22 | 32 |
1121 | Appropriations transferred from other acct [073–1152] | 2 | 2 | |
1131 | Unobligated balance of appropriations permanently reduced | –25 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 22 | 24 | 34 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 25 | ||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 2 | 2 | 2 |
1900 | Budget authority (total) | 49 | 26 | 36 |
1930 | Total budgetary resources available | 81 | 78 | 75 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –1 | ||
1941 | Unexpired unobligated balance, end of year | 52 | 39 | 31 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 3 | 2 | 2 |
3010 | New obligations, unexpired accounts | 28 | 39 | 44 |
3020 | Outlays (gross) | –28 | –39 | –45 |
3041 | Recoveries of prior year unpaid obligations, expired | –1 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 2 | 2 | 1 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 3 | 2 | 2 |
3200 | Obligated balance, end of year | 2 | 2 | 1 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 24 | 26 | 36 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 20 | 26 | 36 |
4011 | Outlays from discretionary balances | 8 | 6 | 2 |
|
|
|
||
4020 | Outlays, gross (total) | 28 | 32 | 38 |
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: | ||||
4101 | Outlays from mandatory balances | 7 | 7 | |
4180 | Budget authority, net (total) | 47 | 24 | 34 |
4190 | Outlays, net (total) | 26 | 37 | 43 |
|
The 2023 Budget proposes $32.0 million in new budget authority and $1.6 million transferred from the Disaster Loans Program account for a total of $33.6 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 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 15 | 19 | 14 |
12.1 | Civilian personnel benefits | 7 | 13 | 21 |
25.2 | Other services | 4 | 5 | 7 |
|
|
|
||
99.0 | Direct obligations | 26 | 37 | 42 |
99.0 | Reimbursable obligations | 2 | 2 | 2 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 28 | 39 | 44 |
|
Employment Summary
|
||||
Identification code 073–0200–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 131 | 172 | 184 |
|
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.), $10,211,000, to remain available until expended.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0300–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Office of Advocacy (Direct) | 7 | 9 | 9 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 1 | 3 | 3 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 9 | 9 | 10 |
1930 | Total budgetary resources available | 10 | 12 | 13 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 3 | 3 | 4 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1 | 1 | |
3010 | New obligations, unexpired accounts | 7 | 9 | 9 |
3020 | Outlays (gross) | –8 | –8 | –9 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1 | 1 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1 | 1 | |
3200 | Obligated balance, end of year | 1 | 1 | |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 9 | 9 | 10 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 7 | 8 | 9 |
4011 | Outlays from discretionary balances | 1 | ||
|
|
|
||
4020 | Outlays, gross (total) | 8 | 8 | 9 |
4180 | Budget authority, net (total) | 9 | 9 | 10 |
4190 | Outlays, net (total) | 8 | 8 | 9 |
|
The 2023 Budget proposes $10.2 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 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
11.1 | Personnel compensation: Full-time permanent | 5 | 6 | 6 |
12.1 | Civilian personnel benefits | 1 | 2 | 2 |
25.2 | Other services from non-Federal sources | 1 | 1 | 1 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 7 | 9 | 9 |
|
Employment Summary
|
||||
Identification code 073–0300–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 33 | 55 | 55 |
|
For necessary expenses of programs supporting entrepreneurial and small business development, $318,000,000, to remain available until September 30, 2024: Provided, That $136,000,000 shall be available to fund grants for performance in fiscal year 2023 or fiscal year 2024 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)).
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0400–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Non-Credit Programs | 299 | 483 | 335 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 39 | 240 | 29 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 31 | ||
1021 | Recoveries of prior year unpaid obligations | 5 | ||
|
|
|
||
1070 | Unobligated balance (total) | 44 | 240 | 29 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 322 | 272 | 318 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 175 | ||
1900 | Budget authority (total) | 497 | 272 | 318 |
1930 | Total budgetary resources available | 541 | 512 | 347 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –2 | ||
1941 | Unexpired unobligated balance, end of year | 240 | 29 | 12 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 476 | 531 | 557 |
3010 | New obligations, unexpired accounts | 299 | 483 | 335 |
3011 | Obligations ("upward adjustments"), expired accounts | 9 | ||
3020 | Outlays (gross) | –235 | –457 | –282 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –5 | ||
3041 | Recoveries of prior year unpaid obligations, expired | –13 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 531 | 557 | 610 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 476 | 531 | 557 |
3200 | Obligated balance, end of year | 531 | 557 | 610 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 322 | 272 | 318 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 22 | 95 | 111 |
4011 | Outlays from discretionary balances | 168 | 227 | 153 |
|
|
|
||
4020 | Outlays, gross (total) | 190 | 322 | 264 |
Mandatory: | ||||
4090 | Budget authority, gross | 175 | ||
Outlays, gross: | ||||
4101 | Outlays from mandatory balances | 45 | 135 | 18 |
4180 | Budget authority, net (total) | 497 | 272 | 318 |
4190 | Outlays, net (total) | 235 | 457 | 282 |
|
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 | 2021 actual | 2022 est. | 2023 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 | 2 | ||
25.2 | Other services from non-Federal sources | 10 | 80 | 6 |
25.3 | Other goods and services from Federal sources | 1 | ||
41.0 | Grants, subsidies, and contributions | 283 | 400 | 326 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 299 | 483 | 335 |
|
Employment Summary
|
||||
Identification code 073–0400–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
1001 | Direct civilian full-time equivalent employment | 18 | 25 | 25 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0700–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Shuttered Venue Grants | 9,713 | 6,537 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 9,713 | 6,537 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 6,537 | ||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 16,250 | ||
1930 | Total budgetary resources available | 16,250 | 6,537 | |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 6,537 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 17 | 17 | |
3010 | New obligations, unexpired accounts | 9,713 | 6,537 | |
3020 | Outlays (gross) | –9,696 | –6,537 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 17 | 17 | 17 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 17 | 17 | |
3200 | Obligated balance, end of year | 17 | 17 | 17 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 16,250 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 9,696 | ||
4101 | Outlays from mandatory balances | 6,537 | ||
|
|
|
||
4110 | Outlays, gross (total) | 9,696 | 6,537 | |
4180 | Budget authority, net (total) | 16,250 | ||
4190 | Outlays, net (total) | 9,696 | 6,537 | |
|
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 provided 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 experienced significant revenue losses due to the effects of the COVID-19 pandemic.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–0800–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | Restaurant Revitalization Grants | 28,514 | 86 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 41.0) | 28,514 | 86 | |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 86 | ||
Budget authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 28,600 | ||
1930 | Total budgetary resources available | 28,600 | 86 | |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 86 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 47 | 47 | |
3010 | New obligations, unexpired accounts | 28,514 | 86 | |
3020 | Outlays (gross) | –28,467 | –86 | |
|
|
|
||
3050 | Unpaid obligations, end of year | 47 | 47 | 47 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 47 | 47 | |
3200 | Obligated balance, end of year | 47 | 47 | 47 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 28,600 | ||
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 28,467 | ||
4101 | Outlays from mandatory balances | 86 | ||
|
|
|
||
4110 | Outlays, gross (total) | 28,467 | 86 | |
4180 | Budget authority, net (total) | 28,600 | ||
4190 | Outlays, net (total) | 28,467 | 86 | |
|
The Restaurant Revitalization Fund (RRF) was established by the American Rescue Plan. The RRF Program provided 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.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–1161–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0001 | IT Working Capital Fund | 7 | 5 | 2 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 25.2) | 7 | 5 | 2 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 9 | 8 | 3 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1121 | Appropriations transferred from other acct [073–0100] | 6 | ||
1930 | Total budgetary resources available | 15 | 8 | 3 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 8 | 3 | 1 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 3 | 6 | 6 |
3010 | New obligations, unexpired accounts | 7 | 5 | 2 |
3020 | Outlays (gross) | –4 | –5 | –2 |
|
|
|
||
3050 | Unpaid obligations, end of year | 6 | 6 | 6 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 3 | 6 | 6 |
3200 | Obligated balance, end of year | 6 | 6 | 6 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 6 | ||
Outlays, gross: | ||||
4011 | Outlays from discretionary balances | 4 | 5 | 2 |
4180 | Budget authority, net (total) | 6 | ||
4190 | Outlays, net (total) | 4 | 5 | 2 |
|
The Information Technology Working Capital Fund finances long-term IT modernization projects, including centralized management of systems, equipment, services, and maintenance.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4156–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
0801 | Reimbursable obligations | 15 | 18 | 18 |
|
|
|
||
0900 | Total new obligations, unexpired accounts (object class 42.0) | 15 | 18 | 18 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 103 | 106 | 106 |
Budget authority: | ||||
Spending authority from offsetting collections, discretionary: | ||||
1700 | Collected | 18 | 18 | 18 |
1930 | Total budgetary resources available | 121 | 124 | 124 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 106 | 106 | 106 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3010 | New obligations, unexpired accounts | 15 | 18 | 18 |
3020 | Outlays (gross) | –15 | –18 | –18 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 18 | 18 | 18 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 15 | 18 | 18 |
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4033 | Non-Federal sources | –18 | –18 | –18 |
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 2023. Therefore, no new appropriated funds are requested in the Budget.
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 2023 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $9,000,000,000: Provided further, That during fiscal year 2023 commitments for general business loans authorized under paragraphs (1) through (35) of section 7(a) of the Small Business Act shall not exceed $35,000,000,000 for a combination of amortizing term loans and the aggregated maximum line of credit provided by revolving loans: Provided further, That during fiscal year 2023 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 2023 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958 shall not exceed $5,000,000,000: Provided further, That during fiscal year 2023, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $15,000,000,000. 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.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
Program and Financing (in millions of dollars)
|
||||
Identification code 073–1154–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0701 | Direct loan subsidy | 4 | 7 | 9 |
0702 | Loan guarantee subsidy | 283,623 | ||
0703 | Subsidy for modifications of direct loans | 28 | ||
0704 | Subsidy for modifications of loan guarantees | 7,013 | ||
0705 | Reestimates of direct loan subsidy | 16 | ||
0706 | Interest on reestimates of direct loan subsidy | 2 | 1 | |
0707 | Reestimates of loan guarantee subsidy | 1,998 | 9,506 | |
0708 | Interest on reestimates of loan guarantee subsidy | 40 | 44 | |
0709 | Administrative expenses | 160 | 160 | 165 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 292,884 | 9,718 | 174 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 147,234 | 7,213 | 3,364 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 49 | 69 | |
1021 | Recoveries of prior year unpaid obligations | 1,865 | 1,000 | 3 |
|
|
|
||
1070 | Unobligated balance (total) | 149,099 | 8,213 | 3,367 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 180 | 180 | 171 |
1100 | Appropriation EAA | 1,925 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 2,105 | 180 | 171 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 297,255 | 9,551 | |
1230 | Appropriations and/or unobligated balance of appropriations permanently reduced | –146,500 | –4,862 | |
|
|
|
||
1260 | Appropriations, mandatory (total) | 150,755 | 4,689 | |
1900 | Budget authority (total) | 152,860 | 4,869 | 171 |
1930 | Total budgetary resources available | 301,959 | 13,082 | 3,538 |
Memorandum (non-add) entries: | ||||
1940 | Unobligated balance expiring | –1,862 | ||
1941 | Unexpired unobligated balance, end of year | 7,213 | 3,364 | 3,364 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 6,477 | 1,189 | 1 |
3010 | New obligations, unexpired accounts | 292,884 | 9,718 | 174 |
3020 | Outlays (gross) | –296,307 | –9,906 | –172 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1,865 | –1,000 | –3 |
|
|
|
||
3050 | Unpaid obligations, end of year | 1,189 | 1 | |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 6,477 | 1,189 | 1 |
3200 | Obligated balance, end of year | 1,189 | 1 | |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 2,105 | 180 | 171 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 1,003 | 162 | 168 |
4011 | Outlays from discretionary balances | 23 | 93 | 4 |
|
|
|
||
4020 | Outlays, gross (total) | 1,026 | 255 | 172 |
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) | 2,105 | 180 | 171 |
4080 | Outlays, net (discretionary) | 1,025 | 255 | 172 |
Mandatory: | ||||
4090 | Budget authority, gross | 150,755 | 4,689 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 290,035 | 9,551 | |
4101 | Outlays from mandatory balances | 5,246 | 100 | |
|
|
|
||
4110 | Outlays, gross (total) | 295,281 | 9,651 | |
4180 | Budget authority, net (total) | 152,860 | 4,869 | 171 |
4190 | Outlays, net (total) | 296,306 | 9,906 | 172 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 073–1154–0–1–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan levels supportable by subsidy budget authority: | ||||
115001 | 7(m) Direct Microloans | 49 | 110 | 110 |
|
|
|
||
115999 | Total direct loan levels | 49 | 110 | 110 |
Direct loan subsidy (in percent): | ||||
132001 | 7(m) Direct Microloans | 8.99 | 6.28 | 8.18 |
|
|
|
||
132999 | Weighted average subsidy rate | 8.99 | 6.28 | 8.18 |
Direct loan subsidy budget authority: | ||||
133001 | 7(m) Direct Microloans | 4 | 7 | 9 |
|
|
|
||
133999 | Total subsidy budget authority | 4 | 7 | 9 |
Direct loan subsidy outlays: | ||||
134001 | 7(m) Direct Microloans | 3 | 6 | 7 |
134012 | CARES Act S. 1112 Direct Loans | 29 | ||
|
|
|
||
134999 | Total subsidy outlays | 32 | 6 | 7 |
Direct loan reestimates: | ||||
135001 | 7(m) Direct Microloans | 18 | –7 | |
|
|
|
||
135999 | Total direct loan reestimates | 18 | –7 | |
|
||||
Guaranteed loan levels supportable by subsidy budget authority: | ||||
215002 | 7(a) General Business Loan Guarantees | 4,986 | 30,000 | 35,000 |
215004 | Section 504 Certified Development Companies Debentures | 1,566 | 7,500 | 9,000 |
215006 | SBIC Debentures | 3,954 | 4,000 | 5,000 |
215010 | Secondary Market Guarantee | 8,981 | 13,000 | 15,000 |
215027 | 504 Commercial Real Estate (CRE) Refinance Program | 110 | 7,500 | 7,500 |
215039 | Paycheck Protection Program (PPP) | 271,814 | ||
215040 | 7(a) General Business—PL 116–260 Part-Year COVID Support | 29,903 | ||
215041 | Section 504 Debentures—PL 116–260 Part-Year COVID Support | 5,907 | ||
215042 | 504 CRE Refinance—PL 116–260 Part-Year COVID Support | 591 | ||
|
|
|
||
215999 | Total loan guarantee levels | 327,812 | 62,000 | 71,500 |
Guaranteed loan subsidy (in percent): | ||||
232002 | 7(a) General Business Loan Guarantees | 0.08 | 0.00 | 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) | 103.70 | 0.00 | 0.00 |
232040 | 7(a) General Business—PL 116–260 Part-Year COVID Support | 5.40 | 0.00 | 0.00 |
232041 | Section 504 Debentures—PL 116–260 Part-Year COVID Support | 2.04 | 0.00 | 0.00 |
232042 | 504 CRE Refinance—PL 116–260 Part-Year COVID Support | 2.12 | 0.00 | 0.00 |
|
|
|
||
232999 | Weighted average subsidy rate | 86.52 | 0.00 | 0.00 |
Guaranteed loan subsidy budget authority: | ||||
233002 | 7(a) General Business Loan Guarantees | 4 | ||
233039 | Paycheck Protection Program (PPP) | 281,871 | ||
233040 | 7(a) General Business—PL 116–260 Part-Year COVID Support | 1,615 | ||
233041 | Section 504 Debentures—PL 116–260 Part-Year COVID Support | 121 | ||
233042 | 504 CRE Refinance—PL 116–260 Part-Year COVID Support | 13 | ||
|
|
|
||
233999 | Total subsidy budget authority | 283,624 | ||
Guaranteed loan subsidy outlays: | ||||
234002 | 7(a) General Business Loan Guarantees | 24 | ||
234004 | Section 504 Certified Development Companies Debentures | 3 | 3 | |
234010 | Secondary Market Guarantee | –13 | ||
234014 | CARES Act S. 1112 Guaranteed Loans | 3,472 | ||
234039 | Paycheck Protection Program (PPP) | 289,716 | ||
234040 | 7(a) General Business—PL 116–260 Part-Year COVID Support | 794 | ||
234041 | Section 504 Debentures—PL 116–260 Part-Year COVID Support | 38 | ||
234042 | 504 CRE Refinance—PL 116–260 Part-Year COVID Support | 4 | ||
|
|
|
||
234999 | Total subsidy outlays | 294,035 | 3 | 3 |
Guaranteed loan reestimates: | ||||
235002 | 7(a) General Business Loan Guarantees | –926 | –542 | |
235003 | 7(a) General Business Loan Guarantees—STAR | –1 | ||
235004 | Section 504 Certified Development Companies Debentures | –157 | –205 | |
235006 | SBIC Debentures | 5 | –280 | |
235007 | SBIC Participating Securities | –53 | –47 | |
235008 | SBIC New Market Venture Capital | 7 | 5 | |
235010 | Secondary Market Guarantee | 38 | –72 | |
235015 | Secondary Market 504 First Mortgage Guarantees—ARRA | 3 | ||
235017 | 7(a) General Business Loan Guarantees—ARRA | –6 | 5 | |
235018 | Section 504 Certified Development Companies—ARRA | –14 | 2 | |
235026 | Section 504 Certified Development Companies Debentures—ARRA Ext | –6 | 2 | |
235027 | 504 Commercial Real Estate (CRE) Refinance Program | –80 | –62 | |
235028 | 7(a) Business Loan Guarantees—ARRA Extension | –21 | 2 | |
235039 | Paycheck Protection Program (PPP) | –4,029 | 4,153 | |
235040 | 7(a) General Business—PL 116–260 Part-Year COVID Support | –532 | ||
235041 | Section 504 Debentures—PL 116–260 Part-Year COVID Support | –38 | ||
235042 | 504 CRE Refinance—PL 116–260 Part-Year COVID Support | –9 | ||
|
|
|
||
235999 | Total guaranteed loan reestimates | –5,243 | 2,385 | |
|
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 2023, 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 2023 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 $35 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 $9 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 2023 Budget continues to support innovative financial instruments through the SBA's SBIC program by providing up to $5 billion in long-term guaranteed loans to support venture capital investments in small businesses. In addition, the Budget supports a $15 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 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
25.3 | Other goods and services from Federal sources | 160 | 160 | 165 |
41.0 | Grants, subsidies, and contributions | 292,724 | 9,558 | 9 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 292,884 | 9,718 | 174 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4148–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0710 | Direct loan obligations | 49 | 110 | 110 |
0713 | Payment of interest to Treasury | 6 | 7 | 7 |
0716 | Subsidy Modification | 26 | 1 | |
0742 | Downward reestimates paid to receipt accounts | 7 | ||
0743 | Interest on downward reestimates | 1 | ||
|
|
|
||
0900 | Total new obligations, unexpired accounts | 81 | 126 | 117 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 2 | 11 | |
1021 | Recoveries of prior year unpaid obligations | 3 | 9 | 3 |
1023 | Unobligated balances applied to repay debt | –9 | –3 | |
|
|
|
||
1070 | Unobligated balance (total) | 5 | 11 | |
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 44 | 97 | 101 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 89 | 50 | 50 |
1801 | Change in uncollected payments, Federal sources | 1 | ||
1825 | Spending authority from offsetting collections applied to repay debt | –47 | –32 | –34 |
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 43 | 18 | 16 |
1900 | Budget authority (total) | 87 | 115 | 117 |
1930 | Total budgetary resources available | 92 | 126 | 117 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 11 | ||
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 42 | 50 | 82 |
3010 | New obligations, unexpired accounts | 81 | 126 | 117 |
3020 | Outlays (gross) | –70 | –85 | –104 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –3 | –9 | –3 |
|
|
|
||
3050 | Unpaid obligations, end of year | 50 | 82 | 92 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –4 | –5 | –5 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –1 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –5 | –5 | –5 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 38 | 45 | 77 |
3200 | Obligated balance, end of year | 45 | 77 | 87 |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 87 | 115 | 117 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 70 | 85 | 104 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Federal sources: Subsidy from program account | –32 | –7 | –7 |
4120 | Upward reestimate | –16 | ||
4120 | Interest on reestimate | –2 | –1 | |
4122 | Interest on uninvested funds | –2 | –2 | –2 |
4123 | Repayments of principal, net | –37 | –37 | –39 |
4123 | Other income | –3 | –2 | |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –89 | –50 | –50 |
Additional offsets against financing authority only (total): | ||||
4140 | Change in uncollected pymts, Fed sources, unexpired | –1 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | –3 | 65 | 67 |
4170 | Outlays, net (mandatory) | –19 | 35 | 54 |
4180 | Budget authority, net (total) | –3 | 65 | 67 |
4190 | Outlays, net (total) | –19 | 35 | 54 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 073–4148–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on obligations: | ||||
1111 | Direct loan obligations from current-year authority | 49 | 82 | 82 |
1121 | Limitation available from carry-forward | 22 | 53 | 53 |
1143 | Unobligated limitation carried forward (-) | –22 | –25 | –25 |
|
|
|
||
1150 | Total direct loan obligations | 49 | 110 | 110 |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 217 | 219 | 250 |
1231 | Disbursements: Direct loan disbursements | 37 | 67 | 98 |
1251 | Repayments: Repayments and prepayments | –35 | –36 | –40 |
|
|
|
||
1290 | Outstanding, end of year | 219 | 250 | 308 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 073–4148–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 34 | 42 |
Investments in U.S. securities: | |||
1106 | Receivables, net | 14 | 1 |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 217 | 219 |
1402 | Interest receivable | 1 | 1 |
1405 | Allowance for subsidy cost (-) | –31 | –31 |
|
|
||
1499 | Net present value of assets related to direct loans | 187 | 189 |
|
|
||
1999 | Total assets | 235 | 232 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 234 | 224 |
2104 | Resources payable to Treasury (Downward Reestimate) | 1 | |
2105 | Resources payable to Treasury (Downward Reestaimate) | 8 | |
2201 | Non-Federal liabilities: Accounts payable | ||
|
|
||
2999 | Total liabilities | 235 | 232 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 235 | 232 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4149–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0711 | Default claim payments on principal | 1,006 | 10,136 | 1,802 |
0712 | Default claim payments on interest | 48 | 298 | 100 |
0713 | Payment of interest to Treasury | 67 | 60 | 80 |
0715 | Other Expenses | 78 | 62 | 72 |
0716 | Subsidy Modification | 3,496 | 371 | 38 |
0717 | PPP Forgiveness | 582,693 | 216,595 | 389 |
0718 | Fee Reimbursement | 98 | ||
0742 | Downward reestimates paid to receipt accounts | 1,257 | 5,099 | |
0743 | Interest on downward reestimates | 6,023 | 2,068 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 594,766 | 234,689 | 2,481 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 525,188 | 227,414 | 4,679 |
1021 | Recoveries of prior year unpaid obligations | 4 | ||
1023 | Unobligated balances applied to repay debt | –157 | ||
|
|
|
||
1070 | Unobligated balance (total) | 525,035 | 227,414 | 4,679 |
Financing authority: | ||||
Appropriations, mandatory: | ||||
1200 | Appropriation | 36 | ||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 97 | 356 | 356 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 302,314 | 11,598 | 2,377 |
1801 | Change in uncollected payments, Federal sources | –5,288 | ||
1820 | Capital transfer of spending authority from offsetting collections to general fund | –14 | ||
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 297,012 | 11,598 | 2,377 |
1900 | Budget authority (total) | 297,145 | 11,954 | 2,733 |
1930 | Total budgetary resources available | 822,180 | 239,368 | 7,412 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 227,414 | 4,679 | 4,931 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 313 | 149 | 1,655 |
3010 | New obligations, unexpired accounts | 594,766 | 234,689 | 2,481 |
3020 | Outlays (gross) | –594,926 | –233,183 | –2,347 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –4 | ||
|
|
|
||
3050 | Unpaid obligations, end of year | 149 | 1,655 | 1,789 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –6,475 | –1,187 | –1,187 |
3070 | Change in uncollected pymts, Fed sources, unexpired | 5,288 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –1,187 | –1,187 | –1,187 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | –6,162 | –1,038 | 468 |
3200 | Obligated balance, end of year | –1,038 | 468 | 602 |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 297,145 | 11,954 | 2,733 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 594,926 | 233,183 | 2,347 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Subsidy from program account | –294,058 | –3 | –3 |
4120 | Upward reestimate | –1,998 | –9,506 | |
4120 | Interest on reestimate | –40 | –44 | |
4122 | Interest on uninvested funds | –4,205 | –90 | –90 |
4123 | Fees | –1,151 | –1,487 | –1,748 |
4123 | Principal | –690 | –399 | –461 |
4123 | Interest | –68 | –39 | –45 |
4123 | Sale of Foreclosed Property | –8 | ||
4123 | Other | –96 | –30 | –30 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –302,314 | –11,598 | –2,377 |
Additional offsets against financing authority only (total): | ||||
4140 | Change in uncollected pymts, Fed sources, unexpired | 5,288 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | 119 | 356 | 356 |
4170 | Outlays, net (mandatory) | 292,612 | 221,585 | –30 |
4180 | Budget authority, net (total) | 119 | 356 | 356 |
4190 | Outlays, net (total) | 292,612 | 221,585 | –30 |
|
Status of Guaranteed Loans (in millions of dollars)
|
||||
Identification code 073–4149–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on commitments: | ||||
2111 | Guaranteed loan commitments from current-year authority | 385,529 | 62,000 | 71,500 |
2121 | Limitation available from carry-forward | |||
2142 | Uncommitted loan guarantee limitation | –57,717 | ||
|
|
|
||
2150 | Total guaranteed loan commitments | 327,812 | 62,000 | 71,500 |
2199 | Guaranteed amount of guaranteed loan commitments | 327,812 | 62,000 | 71,500 |
|
||||
Cumulative balance of guaranteed loans outstanding: | ||||
2210 | Outstanding, start of year | 646,028 | 459,593 | 196,769 |
2231 | Disbursements of new guaranteed loans | 308,926 | 44,971 | 52,403 |
2251 | Repayments and prepayments | –494,067 | –296,989 | –34,809 |
Adjustments: | ||||
2261 | Terminations for default that result in loans receivable | –1,082 | –8,609 | –1,599 |
2263 | Terminations for default that result in claim payments | –220 | –2,197 | –408 |
2264 | Other adjustments, net | 8 | ||
|
|
|
||
2290 | Outstanding, end of year | 459,593 | 196,769 | 212,356 |
|
||||
Memorandum: | ||||
2299 | Guaranteed amount of guaranteed loans outstanding, end of year | 435,291 | 186,363 | 201,124 |
|
||||
Addendum: | ||||
Cumulative balance of defaulted guaranteed loans that result in loans receivable: | ||||
2310 | Outstanding, start of year | 3,526 | 3,403 | 11,582 |
2331 | Disbursements for guaranteed loan claims | 860 | 10,235 | 1,901 |
2351 | Repayments of loans receivable | –618 | –439 | –505 |
2361 | Write-offs of loans receivable | –520 | –1,617 | –1,598 |
2364 | Other adjustments, net | 155 | ||
|
|
|
||
2390 | Outstanding, end of year | 3,403 | 11,582 | 11,380 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 073–4149–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 519,026 | 226,376 |
Investments in U.S. securities: | |||
1106 | Receivables, net | 2,611 | 9,564 |
1206 | Non-Federal assets: Receivables, net | 108 | 67 |
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: | |||
1501 | Defaulted guaranteed loans receivable, gross | 3,526 | 3,403 |
1502 | Interest receivable | ||
1504 | Foreclosed property | 31 | 27 |
1505 | Allowance for subsidy cost (-) | –2,215 | –2,259 |
|
|
||
1599 | Net present value of assets related to defaulted guaranteed loans | 1,342 | 1,171 |
|
|
||
1999 | Total assets | 523,087 | 237,178 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 2,293 | 2,233 |
2105 | Other | 8,058 | 7,043 |
Non-Federal liabilities: | |||
2201 | Accounts payable | 24 | 70 |
2204 | Liabilities for loan guarantees | 512,712 | 227,832 |
|
|
||
2999 | Total liabilities | 523,087 | 237,178 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 523,087 | 237,178 |
|
Status of Guaranteed Loans (in millions of dollars)
|
||||
Identification code 073–4149–2–3–376 | 2021 actual | 2022 est. | 2023 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 | –24 | ||
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 | –24 | ||
|
||||
Memorandum: | ||||
2299 | Guaranteed amount of guaranteed loans outstanding, end of year | –23 | ||
|
||||
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 | |||
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4154–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Budgetary resources: | ||||
Budget authority: | ||||
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 2 | 3 | 1 |
1820 | Capital transfer of spending authority from offsetting collections to general fund | –2 | –3 | –1 |
|
||||
Budget authority and outlays, net: | ||||
Mandatory: | ||||
Offsets against gross budget authority and outlays: | ||||
Offsetting collections (collected) from: | ||||
4123 | Non-Federal sources | –2 | –3 | –1 |
4180 | Budget authority, net (total) | –2 | –3 | –1 |
4190 | Outlays, net (total) | –2 | –3 | –1 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 073–4154–0–3–376 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 1 | 7 | 7 |
1264 | Other adjustments, net (+ or -) | 6 | ||
|
|
|
||
1290 | Outstanding, end of year | 7 | 7 | 7 |
|
Status of Guaranteed Loans (in millions of dollars)
|
||||
Identification code 073–4154–0–3–376 | 2021 actual | 2022 est. | 2023 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 | 1 | 1 | 1 |
2331 | Disbursements for guaranteed loan claims | |||
2351 | Repayments of loans receivable | |||
2361 | Write-offs of loans receivable | –1 | ||
2364 | Other adjustments, net | 1 | ||
|
|
|
||
2390 | Outstanding, end of year | 1 | 1 | 1 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 073–4154–0–3–376 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
1101 | Federal assets: Fund balances with Treasury | ||
1206 | Non-Federal assets: Receivables, net | ||
1601 | Direct loans, gross | 1 | 7 |
1602 | Interest receivable | ||
1603 | Allowance for estimated uncollectible loans and interest (-) | –1 | –7 |
|
|
||
1604 | Direct loans and interest receivable, net | ||
1606 | Foreclosed property | 5 | 4 |
|
|
||
1699 | Value of assets related to direct loans | 5 | 4 |
1701 | Defaulted guaranteed loans, gross | 1 | 1 |
1703 | Allowance for estimated uncollectible loans and interest (-) | ||
|
|
||
1799 | Value of assets related to loan guarantees | 1 | 1 |
1801 | Other Federal assets: Cash and other monetary assets | 10 | 3 |
|
|
||
1999 | Total assets | 16 | 8 |
LIABILITIES: | |||
Federal liabilities: | |||
2102 | Interest payable | ||
2104 | Resources payable to Treasury | 15 | 8 |
2201 | Non-Federal liabilities: Accounts payable | 1 | |
|
|
||
2999 | Total liabilities | 16 | 8 |
NET POSITION: | |||
3100 | Unexpended appropriations | ||
3300 | Cumulative results of operations | ||
|
|
||
3999 | Total net position | ||
|
|
||
4999 | Total liabilities and net position | 16 | 8 |
|
For administrative expenses to carry out the direct loan program authorized by section 7(b) of the Small Business Act, $179,000,000, 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 $169,000,000 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.
Note.—A full-year 2022 appropriation for this account was not enacted at the time the Budget was prepared; therefore, the Budget assumes this account is operating under the Continuing Appropriations Act, 2022 (Division A of Public Law 117–43, as amended). The amounts included for 2022 reflect the annualized level provided by the continuing resolution.
(Disaster Relief Supplemental Appropriations Act, 2022.)
Program and Financing (in millions of dollars)
|
||||
Identification code 073–1152–0–1–453 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0701 | Direct loan subsidy | 7,180 | 15,208 | 191 |
0703 | Subsidy for modifications of direct loans | 608 | ||
0705 | Reestimates of direct loan subsidy | 83 | 715 | |
0706 | Interest on reestimates of direct loan subsidy | 1,496 | 196 | |
0709 | Administrative expenses | 332 | 687 | 179 |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 9,091 | 17,414 | 370 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 25,007 | 18,302 | 501 |
1001 | Discretionary unobligated balance brought fwd, Oct 1 | 25,007 | ||
1021 | Recoveries of prior year unpaid obligations | 179 | 213 | 280 |
|
|
|
||
1070 | Unobligated balance (total) | 25,186 | 18,515 | 781 |
Budget authority: | ||||
Appropriations, discretionary: | ||||
1100 | Appropriation | 25 | 25 | 36 |
1100 | Appropriation, disaster relief pursuant Stafford Act | 143 | 143 | 143 |
1100 | Appropriation, CR Supplemental | 1,189 | ||
1120 | Appropriations transferred to other acct [073–0200] | –2 | –2 | |
1121 | Appropriations transferred from other acct [073–0500] | 10,634 | ||
1131 | Unobligated balance of appropriations permanently reduced | –13,500 | ||
|
|
|
||
1160 | Appropriation, discretionary (total) | 168 | –1,511 | 177 |
Appropriations, mandatory: | ||||
1200 | Appropriation | 1,579 | 911 | |
1200 | Appropriation ARPA | 460 | ||
|
|
|
||
1260 | Appropriations, mandatory (total) | 2,039 | 911 | |
1900 | Budget authority (total) | 2,207 | –600 | 177 |
1930 | Total budgetary resources available | 27,393 | 17,915 | 958 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 18,302 | 501 | 588 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 1,879 | 2,329 | 3,708 |
3010 | New obligations, unexpired accounts | 9,091 | 17,414 | 370 |
3020 | Outlays (gross) | –8,462 | –15,822 | –370 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –179 | –213 | –280 |
|
|
|
||
3050 | Unpaid obligations, end of year | 2,329 | 3,708 | 3,428 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 1,879 | 2,329 | 3,708 |
3200 | Obligated balance, end of year | 2,329 | 3,708 | 3,428 |
|
||||
Budget authority and outlays, net: | ||||
Discretionary: | ||||
4000 | Budget authority, gross | 168 | –1,511 | 177 |
Outlays, gross: | ||||
4010 | Outlays from new discretionary authority | 168 | 11,858 | 177 |
4011 | Outlays from discretionary balances | 6,670 | 2,638 | 193 |
|
|
|
||
4020 | Outlays, gross (total) | 6,838 | 14,496 | 370 |
Mandatory: | ||||
4090 | Budget authority, gross | 2,039 | 911 | |
Outlays, gross: | ||||
4100 | Outlays from new mandatory authority | 1,624 | 911 | |
4101 | Outlays from mandatory balances | 415 | ||
|
|
|
||
4110 | Outlays, gross (total) | 1,624 | 1,326 | |
4180 | Budget authority, net (total) | 2,207 | –600 | 177 |
4190 | Outlays, net (total) | 8,462 | 15,822 | 370 |
|
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)
|
||||
Identification code 073–1152–0–1–453 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct loan levels supportable by subsidy budget authority: | ||||
115001 | Disaster Assistance Loans | 1,741 | 7,300 | 1,479 |
115004 | COVID Economic Injury Disaster Loans | 78,478 | 124,180 | |
|
|
|
||
115999 | Total direct loan levels | 80,219 | 131,480 | 1,479 |
Direct loan subsidy (in percent): | ||||
132001 | Disaster Assistance Loans | 8.95 | 8.96 | 12.91 |
132004 | COVID Economic Injury Disaster Loans | 8.95 | 11.72 | 0.00 |
|
|
|
||
132999 | Weighted average subsidy rate | 8.95 | 11.57 | 12.91 |
Direct loan subsidy budget authority: | ||||
133001 | Disaster Assistance Loans | 156 | 654 | 191 |
133004 | COVID Economic Injury Disaster Loans | 7,024 | 14,554 | |
|
|
|
||
133999 | Total subsidy budget authority | 7,180 | 15,208 | 191 |
Direct loan subsidy outlays: | ||||
134001 | Disaster Assistance Loans | 130 | 439 | 191 |
134004 | COVID Economic Injury Disaster Loans | 6,540 | 13,467 | |
|
|
|
||
134999 | Total subsidy outlays | 6,670 | 13,906 | 191 |
Direct loan reestimates: | ||||
135001 | Disaster Assistance Loans | –669 | –196 | |
135002 | Economic Injury Disaster Loans—Terrorist Attack | –1 | ||
135004 | COVID Economic Injury Disaster Loans | –18,236 | –3,584 | |
|
|
|
||
135999 | Total direct loan reestimates | –18,905 | –3,781 | |
|
||||
Administrative expense data: | ||||
3510 | Budget authority | 558 | 618 | 179 |
3590 | Outlays from new authority | 213 | 618 | 179 |
|
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 $36 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 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Direct obligations: | ||||
25.3 | Other goods and services from Federal sources | 332 | 687 | 179 |
41.0 | Grants, subsidies, and contributions | 8,759 | 16,727 | 191 |
|
|
|
||
99.9 | Total new obligations, unexpired accounts | 9,091 | 17,414 | 370 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4150–0–3–453 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Obligations by program activity: | ||||
Credit program obligations: | ||||
0710 | Direct loan obligations | 80,219 | 131,480 | 1,479 |
0713 | Payment of interest to Treasury | 3,963 | 5,000 | 400 |
0715 | Other | 19 | 25 | 25 |
0742 | Downward reestimates paid to receipt accounts | 20,476 | 4,663 | |
0743 | Interest on downward reestimates | 7 | 29 | |
|
|
|
||
0900 | Total new obligations, unexpired accounts | 104,684 | 141,197 | 1,904 |
|
||||
Budgetary resources: | ||||
Unobligated balance: | ||||
1000 | Unobligated balance brought forward, Oct 1 | 133 | 6,734 | 10,676 |
1021 | Recoveries of prior year unpaid obligations | 1,314 | 1,500 | 374 |
1023 | Unobligated balances applied to repay debt | –131 | ||
|
|
|
||
1070 | Unobligated balance (total) | 1,316 | 8,234 | 11,050 |
Financing authority: | ||||
Borrowing authority, mandatory: | ||||
1400 | Borrowing authority | 93,794 | 122,471 | 10,000 |
Spending authority from offsetting collections, mandatory: | ||||
1800 | Collected | 20,402 | 27,643 | 32,944 |
1801 | Change in uncollected payments, Federal sources | 331 | ||
1820 | Capital transfer of spending authority from offsetting collections to general fund | –6,475 | –965 | |
1825 | Spending authority from offsetting collections applied to repay debt | –4,425 | ||
|
|
|
||
1850 | Spending auth from offsetting collections, mand (total) | 16,308 | 21,168 | 31,979 |
1900 | Budget authority (total) | 110,102 | 143,639 | 41,979 |
1930 | Total budgetary resources available | 111,418 | 151,873 | 53,029 |
Memorandum (non-add) entries: | ||||
1941 | Unexpired unobligated balance, end of year | 6,734 | 10,676 | 51,125 |
|
||||
Change in obligated balance: | ||||
Unpaid obligations: | ||||
3000 | Unpaid obligations, brought forward, Oct 1 | 13,877 | 19,288 | 54,085 |
3010 | New obligations, unexpired accounts | 104,684 | 141,197 | 1,904 |
3020 | Outlays (gross) | –97,959 | –104,900 | –25,526 |
3040 | Recoveries of prior year unpaid obligations, unexpired | –1,314 | –1,500 | –374 |
|
|
|
||
3050 | Unpaid obligations, end of year | 19,288 | 54,085 | 30,089 |
Uncollected payments: | ||||
3060 | Uncollected pymts, Fed sources, brought forward, Oct 1 | –1,879 | –2,210 | –2,210 |
3070 | Change in uncollected pymts, Fed sources, unexpired | –331 | ||
|
|
|
||
3090 | Uncollected pymts, Fed sources, end of year | –2,210 | –2,210 | –2,210 |
Memorandum (non-add) entries: | ||||
3100 | Obligated balance, start of year | 11,998 | 17,078 | 51,875 |
3200 | Obligated balance, end of year | 17,078 | 51,875 | 27,879 |
|
||||
Financing authority and disbursements, net: | ||||
Mandatory: | ||||
4090 | Budget authority, gross | 110,102 | 143,639 | 41,979 |
Financing disbursements: | ||||
4110 | Outlays, gross (total) | 97,959 | 104,900 | 25,526 |
Offsets against gross financing authority and disbursements: | ||||
Offsetting collections (collected) from: | ||||
4120 | Payments from program account | –6,670 | –13,906 | –191 |
4120 | Upward reestimate | –82 | –715 | |
4120 | Interest on upward reestimate | –1,496 | –196 | |
4122 | Interest income from Treasury | –1,021 | –1,500 | –4,000 |
4123 | Repayments of principal, net | –11,133 | –11,326 | –28,753 |
|
|
|
||
4130 | Offsets against gross budget authority and outlays (total) | –20,402 | –27,643 | –32,944 |
Additional offsets against financing authority only (total): | ||||
4140 | Change in uncollected pymts, Fed sources, unexpired | –331 | ||
|
|
|
||
4160 | Budget authority, net (mandatory) | 89,369 | 115,996 | 9,035 |
4170 | Outlays, net (mandatory) | 77,557 | 77,257 | –7,418 |
4180 | Budget authority, net (total) | 89,369 | 115,996 | 9,035 |
4190 | Outlays, net (total) | 77,557 | 77,257 | –7,418 |
|
Status of Direct Loans (in millions of dollars)
|
||||
Identification code 073–4150–0–3–453 | 2021 actual | 2022 est. | 2023 est. | |
|
||||
Position with respect to appropriations act limitation on obligations: | ||||
1111 | Direct loan obligations from current-year authority | 486 | 93,792 | |
1121 | Limitation available from carry-forward | 268,028 | 39,167 | 1,479 |
1143 | Unobligated limitation carried forward (-) | –188,295 | –1,479 | |
|
|
|
||
1150 | Total direct loan obligations | 80,219 | 131,480 | 1,479 |
|
||||
Cumulative balance of direct loans outstanding: | ||||
1210 | Outstanding, start of year | 187,039 | 256,712 | 348,652 |
1231 | Disbursements: Direct loan disbursements | 74,505 | 104,900 | 25,526 |
1251 | Repayments: Repayments and prepayments | –8,972 | –11,111 | –7,453 |
1263 | Write-offs for default: Direct loans | –38 | –1,849 | –5,696 |
1264 | Other adjustments, net (+ or -) | 4,178 | ||
|
|
|
||
1290 | Outstanding, end of year | 256,712 | 348,652 | 361,029 |
|
Balance Sheet (in millions of dollars)
|
|||
Identification code 073–4150–0–3–453 | 2020 actual | 2021 actual | |
|
|||
ASSETS: | |||
Federal assets: | |||
1101 | Fund balances with Treasury | 11,217 | 20,212 |
Investments in U.S. securities: | |||
1106 | Receivables, net | 1,578 | 911 |
Net value of assets related to post-1991 direct loans receivable: | |||
1401 | Direct loans receivable, gross | 187,039 | 256,712 |
1402 | Interest receivable | ||
1404 | Foreclosed property | 4 | 3 |
1405 | Allowance for subsidy cost (-) | –5,641 | –12,634 |
|
|
||
1499 | Net present value of assets related to direct loans | 181,402 | 244,081 |
|
|
||
1999 | Total assets | 194,197 | 265,204 |
LIABILITIES: | |||
Federal liabilities: | |||
2103 | Debt | 173,646 | 260,198 |
2105 | Other | 20,483 | 4,692 |
2201 | Non-Federal liabilities: Accounts payable | 68 | 314 |
|
|
||
2999 | Total liabilities | 194,197 | 265,204 |
NET POSITION: | |||
3300 | Cumulative results of operations | ||
|
|
||
4999 | Total liabilities and net position | 194,197 | 265,204 |
|
Program and Financing (in millions of dollars)
|
||||
Identification code 073–4153–0–3–453 | 2021 actual | 2022 est. | 2023 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 | 2021 actual | 2022 est. | 2023 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 | 2020 actual | 2021 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 |
|
(in millions of dollars)
|
||||
2021 actual | 2022 est. | 2023 est. | ||
|
||||
Offsetting receipts from the public: | ||||
073–272130 | Disaster Loan Program, Downward Reestimates of Subsidies | 20,483 | 4,692 | |
073–272210 | Business Loan Program, Negative Subsidies | 24 | ||
073–272230 | Business Loan Program, Downward Reestimates of Subsidies | 7,280 | 7,175 | |
073–322000 | All Other General Fund Proprietary Receipts Including Budget Clearing Accounts | 50 | ||
General Fund Offsetting receipts from the public | 27,837 | 11,867 | ||
|
||||
Intragovernmental payments: | ||||
073–388500 | Undistributed Intragovernmental Payments | 1 | ||
|
|
|
||
General Fund Intragovernmental payments | 1 | |||
|
(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, 2026.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.—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.".
SEC. 548. Section 20(g) of the Small Business Act (15 U.S.C. 631 note) is amended—(1) in the heading, by striking "GENERAL BUSINESS LOANS" and inserting "COMMITMENTS FOR LOANS AND DEBENTURES"; and
(2) in paragraph (1)—
(A) by striking "2019" and inserting "2023";
(B) by striking "section 7(a)" and inserting "paragraphs (1) through (35) of section 7(a) of the Small Business Act, guarantees of debentures under section 303(b) of the Small Business Investment Act of 1958, or loans authorized under section 503 of the Small Business Investment Act of 1958";
(C) by inserting "or debentures" prior to "under this Act"; and
(D) by inserting "or debentures" prior to "for that fiscal year".