sba_weekly_report-04-03-09

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					      Weekly Update Report Data (sheet 1 of 2) Version 1.1
                Agency Name: US Small Business Administration

              Week End Date:    04/03/2009
              Submitter Name: Karen Mills

        Submitter Contact Info: 202-205-7565

    Program Source/ Treasury Program Source/Treasury Account Program Source/Treasury Account      Program Description (Account Title)      Total Appropriation   Total Obligations        Total Disbursements
     Account Symbol: Agency       Symbol: Account Code          Symbol; Sub-Account Code
No.           Code                                                     (OPTIONAL)
                          73                            0101                                    Salaries and Expenses (MicroLoan Grants)          $24,000,000                        $0                         $0
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 2                        73                            0101                                           Salaries and Expenses (Automation)         $20,000,000                        $0                         $0
                          73                            0101                                       Salaries and Expenses (Other Recovery)         $25,000,000                        $0                         $0
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 4                        73                            0201                                 Office of Inspector General                          $10,000,000                        $0                         $0
                          73                            4268                                 Surety Bond Guarantees Revolving Fund                $15,000,000                        $0                         $0
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                          73                            1156                                 Business Loan Programs - SBA received               $636,000,000             $35,217,320                  $694,319
                                                                                             $636 million in credit susbidy funding for
                                                                                             the 7(a) and 504 guaranteed loan programs,
                                                                                             and direct Microloans. This funding
                                                                                             supports temporary fee eliminations for
                                                                                             7(a) and 504 loans, 90 percent guarantees
                                                                                             for some 7(a) loans, and additional
                                                                                             Microloans. Total Obligations reflect the
                                                                                             amount of credit subsidy obligated to
                                                                                             support approved business loans to-date.
                                                                                             Total Disbursements represent the transfer
                                                                                             of subsidy to the financing account for loans
                                                                                             actually disbursed to borrowers.

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                           73                              4279                                   Direct Loan Financing - Total obligations                $0                        $0                         $0
                                                                                                  represent the loan volume of Recovery Act-
                                                                                                  supported Microloans approved to-date.
                                                                                                  Total disbursements represent the loan
                                                                                                  volume actually disbursed by SBA to
                                                                                                  borrowers. The credit subsidy
                                                                                                  appropriations needed to support these
                                                                                                  loans are provided in the Business Program
                                                                                                  Account, and funds are transferred to this
                                                                                                  non-budgetary account as disbursements
                                                                                                  occur. The Recovery Act funding will
                                                                                                  support up to $50 million in Microloans
                                                                                                  through September 30th, 2010.

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    Program Source/ Treasury Program Source/Treasury Account Program Source/Treasury Account      Program Description (Account Title)   Total Appropriation   Total Obligations      Total Disbursements
     Account Symbol: Agency       Symbol: Account Code          Symbol; Sub-Account Code
No.           Code                                                     (OPTIONAL)
                          73                            4280                                 Guaranteed Loan Financing - Total                           $0         $1,248,523,248             $20,660,234
                                                                                             obligations represent the loan volume of
                                                                                             Recovery Act-supported 7(a) and 504 loans
                                                                                             approved to-date. Total disbursements
                                                                                             represent the loan volume actually
                                                                                             disbursed by lenders to borrowers. The
                                                                                             credit subsidy appropriations needed to
                                                                                             support these loans are provided in the
                                                                                             Business Loan Program account, and funds
                                                                                             are transfered to this non-budgetary
                                                                                             account as disbursements occur. The
                                                                                             Recovery Act funding will support
                                                                                             approprioxately $8.7 billion in 7(a) loans
                                                                                             and $3.6 billion in 504 loans, covering
                                                                                             lending through calendar year 2009.

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    Program Source/ Treasury Program Source/Treasury Account   Program Source/Treasury Account   Program Description (Account Title)   Total Appropriation   Total Obligations   Total Disbursements
     Account Symbol: Agency       Symbol: Account Code            Symbol; Sub-Account Code
No.           Code                                                       (OPTIONAL)
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    Program Source/ Treasury Program Source/Treasury Account   Program Source/Treasury Account   Program Description (Account Title)   Total Appropriation   Total Obligations   Total Disbursements
     Account Symbol: Agency       Symbol: Account Code            Symbol; Sub-Account Code
No.           Code                                                       (OPTIONAL)
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Weekly Update Report Data (sheet 2 of 2)
                                                 Short bulleted list of the major actions taken to date

Met with staff of House Small Business Committee
Met with staff of Senate Permanent Subcommittee on Investigations
Met with representatives of SBA Office of Inspector General
Met with representatives of Government Accountability Office
Issued Policy Notice on CDC Lending job creation standards
Created podcast on "How the Recovery Act Helps Small Businesses "
Sent letters to surety companies announcing increase of bond limit up to $5 million
Approved first surety bond for contract over $2 million.
                                                    Short bulleted list of the major planned actions

Meet with staff of Senate and House Committees to discuss SBA’s Recovery Act initiatives
Meet with representatives of SBA Office of Inspector General and General Accountability Office to discuss SBA’s Recovery Act initiatives
Publish Federal Register Notice on CDC Lending job creation standards
Finish drafting Federal Register Notice for fee reduction/elimination program
Finish drafting Federal Register Notice for 90% loan guaranty program
Perform risk assessments on Recovery Act programs and begin developing risk mitigation plans
Field offices will conduct Business Roundtables with lenders and business community

				
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