SMALL BUSINESS ADMINISTRATION

Federal Funds

Emergency EIDL Grants

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

Emergency EIDL Grants

(Legislative proposal, subject to PAYGO)

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.

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, $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

Salaries and Expenses

(Legislative proposal, subject to PAYGO)

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.

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, $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

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.), $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

Entrepreneurial Development Programs

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

Shuttered Venue Operators

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.

Restaurant Revitalization Fund

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.

Information Technology System Modernization and Working Capital Fund

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.

Surety Bond Guarantees Revolving Fund

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.

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 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

Business Direct Loan Financing Account

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

Business Guaranteed Loan Financing Account

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

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 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

Business Loan Fund Liquidating Account

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

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, $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

Disaster Direct Loan Financing Account

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

Disaster Loan Fund Liquidating Account

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

GENERAL FUND RECEIPT ACCOUNTS

(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

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, 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".