Small Business Administration

SMALL BUSINESS ADMINISTRATION Federal Funds SALARIES AND EXPENSES For necessary expenses, not otherwise provided for, of the Small Business Administration as authorized by Public Law 108-447, including hire of passenger motor vehicles as authorized by 31 U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception and representation expenses, [$386,896,000] $422,000,000: Provided, That the Administrator is authorized to charge fees to cover the cost of publications developed by the Small Business Administration, and certain loan program activities, including fees authorized by section 5(b) of the Small Business Act: Provided further, That, notwithstanding 31 U.S.C. 3302, revenues received from all such activities shall be credited to this account, to remain available until expended, for carrying out these purposes without further appropriations: Provided further, That [$110,000,000] $97,000,000 shall be available to fund grants for performance in fiscal year [2009] 2010 or fiscal year [2010] 2011 as authorized, of which $1,000,000 shall be for the Veterans Assistance and Services Program authorized by section 21(n) of the Small Business Act, as added by section 107 of Public Law 110-186, and of which $1,000,000 shall be for the Small Business Energy Efficiency Program authorized by section 1203(c) of Public Law 110-140: Provided further, That [$7,654,400] $11,690,500 shall be available for the Loan Modernization and Accounting System, to be available until September 30, [2010] 2011: Provided further, That $10,000,000, to remain available until September 30, 2011, shall be for expenses for the relocation of the headquarters of the Small Business Administration: Provided further, That notwithstanding the provisions of section 7(e) of the Small Business Act, the Administration may provide financial assistance in the form of grants or cooperative agreements to educational institutions, nonprofit organizations, Federal, State, and local departments and agencies (including Small Business Development Centers operating pursuant to section 21 of the Small Business Act, Women's Business Centers operating pursuant to section 29 of the Small Business Act, and SCORE chapters operating pursuant to section 8(b)(1)(B) of the Small Business Act) for the purpose of providing management or technical assistance and other services to small businesses. (Financial Services and General Government Appropriations Act, 2009.) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 58.00 58.00 58.90 70.00 Offsetting collections (cash) ............................................. Offsetting collections (cash) ............................................. Spending authority from offsetting collections (total discretionary) ................................................................ Total new budget authority (gross) ........................................ Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Adjustments in expired accounts (net) ...................................... Recoveries of prior year obligations ........................................... Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new discretionary authority .................................. Outlays from discretionary balances ......................................... Total outlays (gross) .............................................................. Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Payments from business loan program account ............... Payments from disaster loan program account ................. Federal sources ................................................................. Non-Federal sources ......................................................... Total, offsetting collections (cash) ................................ Against gross budget authority only: Portion of offsetting collections (cash) credited to expired accounts ........................................................................... Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... 101 153 254 678 288 150 438 963 102 168 270 692 72.40 73.10 73.20 73.40 73.45 74.40 315 781 -741 -6 -15 334 334 939 -832 ................. ................. 441 441 821 -755 ................. ................. 507 86.90 86.93 87.00 475 266 741 712 120 832 502 253 755 88.00 88.00 88.00 88.40 88.90 88.96 -136 -101 -8 -10 -255 -138 -288 ................. -12 -438 -153 -102 -3 -12 -270 1 ................. ................. 89.00 90.00 424 486 525 394 422 485 Program and Financing (in millions of dollars) Identification code 73-0100-0-1-376 2008 actual 2009 est. 2010 est. 00.01 00.02 00.03 00.04 00.05 00.06 00.07 00.08 00.09 00.10 00.12 09.00 10.00 Obligations by program activity: Executive direction .................................................................... Capital Access .......................................................................... Gov. Contracting/ Bus. Development ......................................... Entrepreneurial Development .................................................... Management & Adminstration .................................................. Office of Chief Information Officer ............................................ Regional & district offices ......................................................... Agency wide costs ..................................................................... Non credit programs .................................................................. Congressional initiaives ............................................................ Disaster ..................................................................................... Reimbursable program .............................................................. Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Resources available from recoveries of prior year obligations .... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance expiring or withdrawn .............................. Unobligated balance carried forward, end of year ................. 62 61 21 7 26 36 99 45 141 69 207 7 781 72 57 27 8 33 47 109 49 190 66 281 ................. 939 77 65 28 29 42 50 111 61 168 ................. 187 3 821 This account funds the administrative expenses of SBA headquarters and field office operations. Appropriations for the administration of the disaster and business loan programs are merged with this account. The 2010 Budget provides increased funding for the continued development of a new loan management accounting system. The budget proposes $11.69 million for this activity, which will improve oversight of SBA's $89 billion portfolio of loans and loan guarantees. Additional funding is also requested for core agency activities, including information technology investments and human capital development. In addition, this account funds non-credit business assistance grant programs. The 2010 Budget includes a new initiative that would allow SBA to provide technical assistance through traditional or new grant partners. The American Recovery and Reinvestment Act of 2009 provided an additional $69 million within this account, available in 2009 and 2010, of which $24 million is for marketing, management, and technical assistance of the microloan program, $20 million is to automate loan processing, and $25 million to support the administration of SBA programs. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 21.40 22.00 22.10 23.90 23.95 23.98 24.40 210 678 15 903 -781 -2 120 120 963 ................. 1,083 -939 ................. 144 144 692 ................. 836 -821 ................. 15 Object Classification (in millions of dollars) Identification code 73-0100-0-1-376 2008 actual 2009 est. 2010 est. 11.1 11.3 11.5 11.9 12.1 21.0 23.1 23.3 24.0 25.2 Direct obligations: Personnel compensation: Full-time permanent ......................................................... Other than full-time permanent ........................................ Other personnel compensation .......................................... Total personnel compensation ...................................... Civilian personnel benefits .................................................... Travel and transportation of persons ..................................... Rental payments to GSA ........................................................ Communications, utilities, and miscellaneous charges ........ Printing and reproduction ..................................................... Other services ....................................................................... 177 10 5 192 49 6 32 8 1 70 188 10 4 202 53 7 34 9 2 104 199 10 4 213 56 7 45 9 2 129 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ........................................................................ 40.01 Appropriation, Recovery Act ................................................... 42.00 Transferred from other accounts ........................................... 43.00 Appropriation (total discretionary) .................................... Spending authority from offsetting collections: 424 ................. ................. 424 453 69 3 525 422 ................. ................. 422 1157 1158 Small Business Administration—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2010 SALARIES AND EXPENSES—Continued Object Classification —Continued Identification code 73-0100-0-1-376 2008 actual 2009 est. 2010 est. 89.00 90.00 Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... 18 16 27 20 16 21 25.3 26.0 31.0 41.0 99.0 99.0 99.9 Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) ................... Supplies and materials ......................................................... Equipment ............................................................................. Grants, subsidies, and contributions .................................... Direct obligations .............................................................. Reimbursable obligations ......................................................... Total new obligations ............................................................ 207 4 3 202 774 7 781 281 5 5 237 939 ................. 939 187 5 5 160 818 3 821 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Employment Summary The 2010 Budget proposes $16.3 million in new budget authority and $1.0 million transferred from the Disaster Loans Program account for a total of $17.3 million for the Office of Inspector General (OIG). This appropriation provides funds for agencywide audit, investigative, and related functions to promote economy and efficiency in SBA operations and to prevent and detect waste, fraud, and abuse. In addition, the passage of the American Recovery and Reinvestment Act of 2009 provided an additional $10 million, available from 2009 through 2013, for oversight and audit of SBA Recovery Act programs, grants, and projects. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Identification code 73-0100-0-1-376 2008 actual 2009 est. 2010 est. Object Classification (in millions of dollars) Direct: Civilian full-time equivalent employment ................................. Reimbursable: 2001 Civilian full-time equivalent employment ................................. 1001 3,522 8 3,887 11 3,044 11 Identification code 73-0200-0-1-376 2008 actual 2009 est. 2010 est. ✦ 11.1 11.5 11.9 12.1 25.2 99.0 99.0 99.9 Direct obligations: Personnel compensation: Full-time permanent ......................................................... Other personnel compensation .......................................... Total personnel compensation ...................................... Civilian personnel benefits .................................................... Other services ....................................................................... Direct obligations .............................................................. Reimbursable obligations ......................................................... Total new obligations ............................................................ 9 1 10 3 3 16 1 17 11 1 12 4 3 19 ................. 19 12 1 13 4 4 21 1 22 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, [$16,750,000] $16,300,000. (Financial Services and General Government Appropriations Act, 2009.) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Employment Summary Identification code 73-0200-0-1-376 2008 actual 2009 est. 2010 est. Identification code 73-0200-0-1-376 2008 actual 2009 est. 2010 est. 00.01 00.02 00.03 00.04 10.00 Obligations by program activity: Audit ......................................................................................... Investigations ........................................................................... Management policy ................................................................... General Office/Legal Counsel .................................................... Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 7 8 1 1 17 8 9 1 1 19 10 10 1 1 22 Direct: 1001 Civilian full-time equivalent employment ................................. 106 109 120 ✦ SURETY BOND GUARANTEES REVOLVING FUND For additional capital for the Surety Bond Guarantees Revolving Fund, authorized by the Small Business Investment Act of 1958, as amended, [$2,000,000] $1,000,000, to remain available until expended. (Financial Services and General Government Appropriations Act, 2009.) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 21.40 22.00 23.90 23.95 24.40 5 19 24 -17 7 7 27 34 -19 15 15 17 32 -22 10 Program and Financing (in millions of dollars) Identification code 73-4156-0-3-376 2008 actual 2009 est. 2010 est. New budget authority (gross), detail: Discretionary: 40.00 Appropriation ........................................................................ 40.01 Appropriation, Recovery Act ................................................... 43.00 58.00 70.00 Appropriation (total discretionary) .................................... Spending authority from offsetting collections: Offsetting collections (cash) .............................................................. Total new budget authority (gross) ........................................ Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new discretionary authority .................................. Outlays from discretionary balances ......................................... Total outlays (gross) .............................................................. 18 ................. 18 1 19 17 10 27 ................. 27 16 ................. 16 1 17 09.01 09.09 10.00 Obligations by program activity: Reimbursable obligations ......................................................... Reimbursable program - subtotal line .................................. Total new obligations (object class 42.0) .............................. Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 7 7 7 18 18 18 20 20 20 21.40 22.00 72.40 73.10 73.20 74.40 2 17 -17 2 2 19 -20 1 1 22 -22 1 23.90 23.95 24.40 27 10 37 -7 30 30 32 62 -18 44 44 15 59 -20 39 86.90 86.93 87.00 14 3 17 18 2 20 17 5 22 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ........................................................................ 40.01 Appropriation, Recovery Act ................................................... 43.00 58.00 70.00 Appropriation (total discretionary) .................................... Spending authority from offsetting collections: Offsetting collections (cash) .............................................................. Total new budget authority (gross) ........................................ 3 ................. 3 7 10 2 15 17 15 32 1 ................. 1 14 15 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Payments from disaster loan program account ....................................................... -1 ................. -1 SMALL BUSINESS ADMINISTRATION Small Business Administration—Continued Federal Funds—Continued 1159 72.40 73.10 73.20 74.40 Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new discretionary authority .................................. Outlays from discretionary balances ......................................... Total outlays (gross) .............................................................. ................. 7 -6 1 1 18 -19 ................. ................. 20 -21 -1 86.90 86.93 87.00 6 ................. 6 19 ................. 19 15 6 21 $3,000,000,000: Provided further, That during fiscal year [2009] 2010, guarantees of trust certificates authorized by section 5(g) of the Small Business Act shall not exceed a principal amount of $12,000,000,000. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, [$138,480,000] $153,000,000, which may be [transferred to and merged with] paid to the appropriations for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2009.) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-1154-0-1-376 2008 actual 2009 est. 2010 est. Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources ........ Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... -7 -15 -14 89.00 90.00 3 -1 17 4 1 7 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. With the enactment of the American Recovery and Reinvestment Act of 2009 (ARRA), SBA can provide bond guarantees for contracts up to $5 million (up from $2 million) and in some cases up to $10 million, through September 30th, 2010. 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. In 2010, the Budget proposes a $1 billion program level that is anticipated to be sufficient to accommodate program demand. The passage of the ARRA also provided an additional $15 million in funding to cover potential loses for this program. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 00.01 00.02 00.04 00.05 00.06 00.07 00.08 00.09 10.00 Obligations by program activity: Direct loan subsidy .................................................................... Guaranteed loan subsidy ........................................................... Subsidy for modification of loan guarantees ............................. Reestimate of direct loan .......................................................... Interest on direct loan reestimation .......................................... Reestimate of loan guarantee subsidy ...................................... Interest on reestimates of loan guarantee subsidy .................... Administrative expenses ........................................................... Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Resources available from recoveries of prior year obligations .... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 2 ................. ................. 7 2 263 87 136 497 6 379 13 8 4 1,267 234 138 2,049 6 303 ................. ................. ................. ................. ................. 153 462 21.40 22.00 22.10 23.90 23.95 24.40 6 496 1 503 -497 6 6 2,289 ................. 2,295 -2,049 246 246 236 ................. 482 -462 20 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ........................................................................ 40.01 Appropriation, Recovery Act ................................................... 43.00 60.00 Appropriation (total discretionary) .................................... Mandatory: Appropriation ........................................................................ Total new budget authority (gross) ........................................ Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Recoveries of prior year obligations ........................................... Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new discretionary authority .................................. Outlays from discretionary balances ......................................... Outlays from new mandatory authority ...................................... Total outlays (gross) .............................................................. Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... 137 ................. 137 359 496 140 636 776 1,513 2,289 236 ................. 236 ................. 236 Balance Sheet (in millions of dollars) Identification code 73-4156-0-3-376 2007 actual 2008 actual 70.00 ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net .................................................................... Total assets ............................................................................... LIABILITIES: 2201 Non-Federal liabilities: Accounts payable ...................................... 2999 Total liabilities ........................................................................... NET POSITION: 3300 Cumulative results of operations ................................................... Total net position ....................................................................... Total liabilities and net position ..................................................... 1999 27 1 28 25 25 3 3 28 31 1 32 25 25 7 7 32 72.40 73.10 73.20 73.45 74.40 6 497 -500 -1 2 2 2,049 -1,750 ................. 301 301 462 -494 ................. 269 3999 4999 86.90 86.93 86.97 87.00 137 4 359 500 237 ................. 1,513 1,750 189 305 ................. 494 ✦ 89.00 90.00 496 500 2,289 1,750 236 494 BUSINESS LOANS PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) For the cost of direct loans, [$2,500,000] $3,000,000, to remain available until expended, and for the cost of guaranteed loans, $80,000,000, as authorized by section 7(a) of the Small Business Act, 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 [2009] 2010 commitments to guarantee loans under section 503 of the Small Business Investment Act of 1958 shall not exceed $7,500,000,000: Provided further, That during fiscal year [2009] 2010 commitments for general business loans authorized under section 7(a) of the Small Business Act shall not exceed $17,500,000,000: Provided further, That during fiscal year [2009] 2010 commitments to guarantee loans for debentures under section 303(b) of the Small Business Investment Act of 1958, shall not exceed =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73-1154-0-1-376 2008 actual 2009 est. 2010 est. Direct loan levels supportable by subsidy budget authority: 115001 7(m) Direct Microloans .............................................................. 115009 Section 509 Secondary Market 7(a) Broker/Dealer Loans—ARRA ....................................................................... 115999 Total direct loan levels .............................................................. Direct loan subsidy (in percent): 132001 7(m) Direct Microloans .............................................................. 132009 Section 509 Secondary Market 7(a) Broker/Dealer Loans—ARRA ....................................................................... 132999 Weighted average subsidy rate .................................................. Direct loan subsidy budget authority: 133001 7(m) Direct Microloans .............................................................. 133999 Total subsidy budget authority .................................................. Direct loan subsidy outlays: 20 ................. 20 10.12 0.00 10.12 2 2 50 1,667 1,717 11.66 0.00 0.34 6 6 50 4,000 4,050 12.04 0.00 0.15 6 6 1160 Small Business Administration—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2010 BUSINESS LOANS PROGRAM ACCOUNT—Continued Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program —Continued Identification code 73-1154-0-1-376 2008 actual 2009 est. 2010 est. 134001 7(m) Direct Microloans .............................................................. 134999 Total subsidy outlays ................................................................. Direct loan upward reestimates: 135001 7(m) Direct Microloans .............................................................. 135999 Total upward reestimate budget authority ................................. Direct loan downward reestimates: 137001 7(m) Direct Microloans .............................................................. 137999 Total downward reestimate budget authority ............................ Guaranteed loan levels supportable by subsidy budget authority: 215002 7 (a) General Business Loan Guarantees .................................. 215004 Section 504 Certified Development Companies Debentures ....... 215006 SBIC Debentures ....................................................................... 215010 Secondary Market Guarantee ..................................................... 215015 Section 503 Secondary Market 504 First Mortgage Guarantees-ARRA .................................................................. 215016 Section 506 ARC Bridge Loan Guarantees—ARRA .................... 215999 Total loan guarantee levels ....................................................... Guaranteed loan subsidy (in percent): 232002 7 (a) General Business Loan Guarantees .................................. 232004 Section 504 Certified Development Companies Debentures ....... 232006 SBIC Debentures ....................................................................... 232010 Secondary Market Guarantee ..................................................... 232015 Section 503 Secondary Market 504 First Mortgage Guarantees-ARRA .................................................................. 232016 Section 506 ARC Bridge Loan Guarantees—ARRA .................... 232999 Weighted average subsidy rate .................................................. Guaranteed loan subsidy budget authority: 233002 7 (a) General Business Loan Guarantees .................................. 233004 Section 504 Certified Development Companies Debentures ....... 233016 Section 506 ARC Bridge Loan Guarantees—ARRA .................... 233999 Total subsidy budget authority .................................................. Guaranteed loan subsidy outlays: 234002 7 (a) General Business Loan Guarantees .................................. 234004 Section 504 Certified Development Companies Debentures ....... 234008 SBIC New Market Venture Capital .............................................. 234016 Section 506 ARC Bridge Loan Guarantees—ARRA .................... 234999 Total subsidy outlays ................................................................. Guaranteed loan upward reestimates: 235002 7 (a) General Business Loan Guarantees .................................. 235003 7 (a) General Business Loan Guarantees—STAR ...................... 235004 Section 504 Certified Development Companies Debentures ....... 235006 SBIC Debentures ....................................................................... 235007 SBIC Participating Securities .................................................... 235008 SBIC New Market Venture Capital .............................................. 235010 Secondary Market Guarantee ..................................................... 235013 502 Local Development Companies ........................................... 235999 Total upward reestimate budget authority ................................. Guaranteed loan downward reestimates: 237002 7 (a) General Business Loan Guarantees .................................. 237003 7 (a) General Business Loan Guarantees—STAR ...................... 237004 Section 504 Certified Development Companies Debentures ....... 237006 SBIC Debentures ....................................................................... 237007 SBIC Participating Securities .................................................... 237008 SBIC New Market Venture Capital .............................................. 237010 Secondary Market Guarantee ..................................................... 237013 502 Local Development Companies ........................................... 237999 Total downward reestimate subsidy budget authority ............... Administrative expense data: 3510 Budget authority ....................................................................... 3590 Outlays from new authority ....................................................... 2 2 9 9 -11 -11 2 2 12 12 -4 -4 2 2 ................. ................. ................. ................. 11,840 5,246 1,030 4,137 ................. ................. 22,253 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ................. ................. ................. ................. ................. ................. 3 ................. 3 113 2 43 1 169 1 20 1 350 -56 -8 -38 -166 -290 ................. -9 ................. -567 10,000 7,500 3,000 12,000 1,000 210 33,710 1.93 0.69 0.00 0.00 0.00 70.52 1.17 193 51 148 392 19 4 ................. 74 97 798 9 636 4 ................. ................. 54 ................. 1,501 -1 ................. -1 -57 -339 -2 -57 -1 -458 17,500 7,500 3,000 12,000 2,000 145 42,145 1.00 0.28 0.00 0.00 0.00 73.64 0.72 175 21 107 303 122 30 ................. 128 280 ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. For 2010, the Budget proposes $236 million in new budget authority for the Business Loans Program account. This includes $153 million in administrative expenses funding, $80 million in credit subsidy for the Section 7(a) guaranteed loan program, and $3 million in credit subsidy for the direct Microloan program. The Section 7(a) program provides general business credit assistance. The requested guaranteed loan program level for 2010 is $17.5 billion. The Section 504 Certified Development Company program is for long-term, fixed-rate financing and the requested guaranteed loan program level is $7.5 billion in 2010. The Small Business Investment Company (SBIC) program provides credit to support venture capital investments. The Budget proposes a program level of $3 billion for SBIC Debentures. Finally, the Budget proposes a $25 million program level for direct Microloans. As part of the Secondary Market Guarantee (SMG) Program, SBA's fiscal agent pools the guaranteed portion of 7(a) loans and sells the securities to investors. This mechanism provides liquidity to lenders participating in the 7(a) loan program. For 2010, the Budget proposes a program level of $12 billion in such securities. With the passage of the American Recovery and Reinvestment Act (ARRA) of 2009, SBA was provided a total of $636 million for this account, to remain available until September 30, 2010. Of this amount, $6 million is available for the subsidy cost of additional lending under the Microloan program. In addition, $375 million was made available to temporarily eliminate or reduce fees for borrowers and lenders on 7(a) and 504 loans through 2010, or until the funds are exhausted. The ARRA also authorized 90 percent guarantees on most 7(a) loans. SBA estimates that this funding will support $8.7 billion in 7(a) loans and $3.6 billion in 504 loans, which will cover expected lending through December 31, 2009. For budget presentation purposes, the susbidy rates for 2009 and 2010 for the 7(a) and 504 programs reflect the blended rate for both ARRA and non-ARRA loans in each fiscal year. The remaining $255 million in ARRA funds was made available to carry out a program to provide 100% guarantees on loans to viable small business concerns that have a qualifying small business loan and are experiencing immediate financial hardship. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Object Classification (in millions of dollars) Identification code 73-1154-0-1-376 2008 actual 2009 est. 2010 est. 25.2 41.0 99.9 Direct obligations: Other services ........................................................................... Grants, subsidies, and contributions ........................................ Total new obligations ............................................................ 136 361 497 138 1,911 2,049 153 309 462 ✦ BUSINESS DIRECT LOAN FINANCING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4148-0-3-376 2008 actual 2009 est. 2010 est. 136 136 138 138 146 143 00.01 00.02 00.91 08.02 08.04 08.91 10.00 Obligations by program activity: Direct loans ............................................................................... Interest on Treasury borrowing .................................................. Direct Program by Activities - Subtotal ................................. Payment of downward reestimate to a receipt account ............. Payment of interest on downward reestimate to a receipt account ................................................................................. Direct Program by Activities - Subtotal ................................. Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New financing authority (gross) ................................................ 20 8 28 3 8 11 39 1,717 8 1,725 1 3 4 1,729 4,050 10 4,060 ................. ................. ................. 4,060 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. 21.40 22.00 12 69 6 1,753 3 4,064 SMALL BUSINESS ADMINISTRATION Small Business Administration—Continued Federal Funds—Continued 1161 127 5 132 132 22.10 22.60 23.90 23.95 24.40 Resources available from recoveries of prior year obligations .... Portion applied to repay debt .................................................... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 3 -39 45 -39 6 3 -30 1,732 -1,729 3 2 -6 4,063 -4,060 3 2103 2105 2999 4999 Federal liabilities: Debt ........................................................................................... Other .......................................................................................... Total liabilities ........................................................................... Total liabilities and net position ..................................................... 141 12 153 153 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow ................................................................ 69.00 Offsetting collections (cash) ................................................. 70.00 Total new financing authority (gross) .................................... Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total financing disbursements (gross) ...................................... Recoveries of prior year obligations ........................................... Obligated balance, end of year .............................................. ✦ 25 44 69 1,713 40 1,753 4,040 24 4,064 BUSINESS GUARANTEED LOAN FINANCING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4149-0-3-376 2008 actual 2009 est. 2010 est. 72.40 73.10 73.20 73.45 74.40 23 39 -35 -3 24 24 1,729 -950 -3 800 800 4,060 -1,750 -2 3,108 00.01 00.02 00.05 00.91 08.02 08.04 08.91 10.00 Obligations by program activity: Default claims ........................................................................... Interest on Treasury borrowing .................................................. Other Expenses .......................................................................... Direct Program by Activities - Subtotal ................................. Payment of downward reestimate to receipt account ................ Payment of interest on downward reestimate to receipt account ................................................................................. Direct Program by Activities - Subtotal ................................. Total new obligations ............................................................ 2,266 51 216 2,533 404 163 567 3,100 2,465 80 125 2,670 336 122 458 3,128 1,500 50 30 1,580 ................. ................. ................. 1,580 Outlays (gross), detail: 87.00 Total financing disbursements (gross) .................................. Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: Federal sources: Payments from program account ............ Upward reestimate ............................................................ Interest on reestimate ....................................................... Interest on uninvested funds ............................................ Repayments of principal, net ............................................ Other income ..................................................................... Total, offsetting collections (cash) ................................ Net financing authority and financing disbursements: Financing authority ................................................................... Financing disbursements .......................................................... 35 950 1,750 88.00 88.00 88.00 88.25 88.40 88.40 88.90 -2 -7 -2 -2 -22 -9 -44 -2 -8 -4 -2 -20 -4 -40 -2 ................. ................. -2 -18 -2 -24 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... Adjustments to unobligated balance carried forward, start of year ....................................................................................... 22.00 New financing authority (gross) ................................................ 22.10 Resources available from recoveries of prior year obligations .... 22.60 Portion applied to repay debt .................................................... 21.40 21.45 23.90 23.95 24.40 Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 2,804 -620 1,958 1 -373 3,770 -3,100 670 670 ................. 3,845 2 ................. 4,517 -3,128 1,389 1,389 ................. 1,585 1 ................. 2,975 -1,580 1,395 89.00 90.00 25 -9 1,713 910 4,040 1,726 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Direct Loans (in millions of dollars) Identification code 73-4148-0-3-376 2008 actual 2009 est. 2010 est. 1111 1131 1150 Position with respect to appropriations act limitation on obligations: Limitation on direct loans ......................................................... Direct loan obligations exempt from limitation ......................... Total direct loan obligations .................................................. Cumulative balance of direct loans outstanding: Outstanding, start of year ......................................................... Disbursements: Direct loan disbursements ............................... Repayments: Repayments and prepayments ............................. Write-offs for default: Direct loans ............................................ Outstanding, end of year ....................................................... ................. 20 20 ................. 1,717 1,717 ................. 4,050 4,050 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow ................................................................ 69.00 Offsetting collections (cash) ................................................. 69.10 Change in uncollected customer payments from Federal sources (unexpired) ........................................................... 69.90 70.00 Spending authority from offsetting collections (total mandatory) ................................................................... Total new financing authority (gross) .................................... Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total financing disbursements (gross) ...................................... Recoveries of prior year obligations ........................................... Change in uncollected customer payments from Federal sources (unexpired) ............................................................................ Obligated balance, end of year .............................................. Outlays (gross), detail: Total financing disbursements (gross) .................................. Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: Payments from program account ...................................... Upward reestimate ............................................................ Interest on reestimate ....................................................... Interest on uninvested funds ............................................ Fees .................................................................................. Recoveries ......................................................................... Other ................................................................................. Total, offsetting collections (cash) ................................ Against gross financing authority only: Change in receivables from program accounts ..................... Net financing authority and financing disbursements: Financing authority ................................................................... Financing disbursements .......................................................... ................. 1,962 -4 1,958 1,958 991 2,854 ................. 2,854 3,845 ................. 1,585 ................. 1,585 1,585 1210 1231 1251 1263 1290 123 17 -24 ................. 116 116 18 -23 -2 109 109 20 -20 -2 107 72.40 73.10 73.20 73.45 74.00 74.40 16 3,100 -3,055 -1 4 64 64 3,128 -3,069 -2 ................. 121 121 1,580 -1,650 -1 ................. 50 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 87.00 3,055 3,069 1,650 Balance Sheet (in millions of dollars) Identification code 73-4148-0-3-376 2007 actual 2008 actual ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net .................................................................... Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross .................................................... 1405 Allowance for subsidy cost (-) .................................................... 1499 1999 Net present value of assets related to direct loans ................ Total assets ............................................................................... LIABILITIES: 35 6 123 -11 112 153 30 12 116 -26 90 132 88.00 88.00 88.00 88.25 88.40 88.40 88.40 88.90 88.95 -3 -263 -87 -71 -687 -839 -12 -1,962 4 -98 -1,267 -234 -125 -300 -830 ................. -2,854 ................. -280 ................. ................. -150 -205 -950 ................. -1,585 ................. 89.00 90.00 ................. 1,093 991 215 ................. 65 1162 Small Business Administration—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2010 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued Status of Guaranteed Loans (in millions of dollars) 2008 actual 2009 est. BUSINESS LOAN FUND LIQUIDATING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4149-0-3-376 2010 est. Identification code 73-4154-0-3-376 2008 actual 2009 est. 2010 est. Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .......... 2150 Total guaranteed loan commitments ..................................... 2199 Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ......................................................... Disbursements of new guaranteed loans .................................. Repayments and prepayments .................................................. Adjustments: Terminations for default that result in loans receivable ........ Terminations for default that result in claim payments ........ Outstanding, end of year ....................................................... Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ....................................................................................... Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: Outstanding, start of year ..................................................... Disbursements for guaranteed loan claims ........................... Repayments of loans receivable ............................................ Write-offs of loans receivable ................................................ Other adjustments, net ......................................................... Outstanding, end of year ................................................... 22,253 22,253 19,500 33,710 33,710 25,670 42,145 42,145 40,000 00.01 00.05 00.09 10.00 Obligations by program activity: Interest Expense to Treasury ...................................................... Guaranteed loan default claims ................................................ Other expenses .......................................................................... Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Resources available from recoveries of prior year obligations .... Capital transfer to general fund ................................................ Portion applied to repay debt to FFB .......................................... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 2 1 3 6 2 1 2 5 1 1 2 4 2210 2231 2251 2261 2263 2290 71,370 17,500 -11,624 -2,037 -229 74,980 74,980 22,803 -14,328 -2,500 -162 80,793 80,793 22,803 -14,328 -1,457 -162 87,649 21.40 22.00 22.10 22.40 22.60 23.90 23.95 24.40 30 33 1 -30 -7 27 -6 21 21 18 ................. -29 -5 5 -5 ................. ................. 15 ................. -8 -3 4 -4 ................. 2299 61,617 72,000 73,150 New budget authority (gross), detail: Mandatory: 60.00 Appropriation ........................................................................ 69.00 Offsetting collections (cash) ................................................. 8 25 33 3 15 18 2 13 15 2310 2331 2351 2361 2364 2390 3,919 2,127 -748 -1,411 265 4,152 4,152 1,250 -730 -275 ................. 4,397 4,397 1,150 -730 -275 ................. 4,542 70.00 Total new budget authority (gross) ........................................ Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Recoveries of prior year obligations ........................................... Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new mandatory authority ...................................... Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: Financing Investment programs-principal ........................ Interest Income-Business & investment ........................... Collection on FFB loans ..................................................... Other Income-both Business and Investment ................... Total, offsetting collections (cash) ................................ Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... 72.40 73.10 73.20 73.45 74.40 5 6 -6 -1 4 4 5 -5 ................. 4 4 4 -5 ................. 3 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 86.97 6 5 5 Balance Sheet (in millions of dollars) Identification code 73-4149-0-3-376 2007 actual 2008 actual 88.40 88.40 88.40 88.40 88.90 -11 -3 -7 -4 -25 -8 -1 -5 -1 -15 -6 -1 -5 -1 -13 ASSETS: Federal assets: 1101 Fund balances with Treasury ..................................................... Investments in US securities: 1106 Receivables, net .................................................................... 1206 Non-Federal assets: Receivables, net ............................................ Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: 1501 Defaulted guaranteed loans receivable, gross ........................... 1504 Foreclosed property .................................................................... 1505 Allowance for subsidy cost (-) .................................................... Net present value of assets related to defaulted guaranteed loans ................................................................................. 1999 Total assets ............................................................................... LIABILITIES: Federal liabilities: 2103 Debt ........................................................................................... 2105 Other .......................................................................................... Non-Federal liabilities: 2201 Accounts payable ....................................................................... 2204 Liabilities for loan guarantees ................................................... 2999 4999 Total liabilities ........................................................................... Total liabilities and net position ..................................................... 1599 2,201 447 42 734 1,118 32 89.00 90.00 8 -19 3 -10 2 -8 3,919 6 -3,235 690 3,380 4,152 16 -2,886 1,282 3,166 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Direct Loans (in millions of dollars) Identification code 73-4154-0-3-376 2008 actual 2009 est. 2010 est. 1,217 406 20 1,737 3,380 3,380 843 435 63 1,825 3,166 3,166 Cumulative balance of direct loans outstanding: Outstanding, start of year ......................................................... Repayments: Repayments and prepayments ............................. Write-offs for default: 1263 Direct loans ........................................................................... 1264 Other adjustments, net (+ or -) ............................................. 1210 1251 1290 Outstanding, end of year ....................................................... 25 -6 ................. 12 31 31 -4 -2 ................. 25 25 -2 -2 ................. 21 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Guaranteed Loans (in millions of dollars) 2008 actual Identification code 73-4154-0-3-376 2009 est. 2010 est. ✦ Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ......................................................... Repayments and prepayments .................................................. Adjustments: 2261 Terminations for default that result in loans receivable ........ 2263 Terminations for default that result in claim payments ........ 2210 2251 2290 Outstanding, end of year ....................................................... Memorandum: 159 -50 -1 -1 107 107 -35 -1 ................. 71 71 -30 -1 ................. 40 SMALL BUSINESS ADMINISTRATION Small Business Administration—Continued Federal Funds—Continued 1163 2299 Guaranteed amount of guaranteed loans outstanding, end of year ....................................................................................... Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: Outstanding, start of year ..................................................... Disbursements for guaranteed loan claims ........................... Repayments of loans receivable ............................................ Write-offs of loans receivable ................................................ Other adjustments, net ......................................................... Outstanding, end of year ................................................... 91 46 32 2310 2331 2351 2361 2364 2390 67 1 -16 -5 ................. 47 47 1 -14 -4 ................. 30 30 1 -12 -2 ................. 17 indirect administrative expenses for the direct loan program, which may be paid to the appropriations for Salaries and Expenses; of which $1,000,000 is for the Office of Inspector General of the Small Business Administration for audits and reviews of disaster loans and the disaster loan programs and shall be paid to the appropriations for the Office of Inspector General; and of which $1,310,000 is for administrative expenses to carry out the guaranteed loan programs, which may be paid to the appropriations account for Salaries and Expenses. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-1152-0-1-453 2008 actual 2009 est. 2010 est. As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA direct loans obligated and loan guarantees committed prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 00.01 00.02 Obligations by program activity: Direct loan subsidy .................................................................... Guaranteed loan subsidy for Immediate and Expedited Disaster ................................................................................. 00.05 Upward reestimate of direct loans ............................................ 00.06 Interest on upward reestimates of direct loans ......................... 00.09 Administrative expense ............................................................. Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Resources available from recoveries of prior year obligations .... Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 124 ................. 19 31 102 276 158 ................. 158 28 288 632 118 2 ................. ................. 102 222 10.00 Balance Sheet (in millions of dollars) Identification code 73-4154-0-3-376 2007 actual 2008 actual 21.40 22.00 22.10 23.90 23.95 24.40 305 1,103 77 1,485 -276 1,209 1,209 186 100 1,495 -632 863 863 104 10 977 -222 755 1101 1206 1601 1603 1604 1699 1701 1703 1799 1901 1999 ASSETS: Federal assets: Fund balances with Treasury ................................. Non-Federal assets: Receivables, net ............................................ Direct loans, gross ......................................................................... Allowance for estimated uncollectible loans and interest (-) ......... Direct loans and interest receivable, net ................................... Value of assets related to direct loans ....................................... Defaulted guaranteed loans, gross ................................................ Allowance for estimated uncollectible loans and interest (-) ......... Value of assets related to loan guarantees ................................ Other Federal assets: Other assets ................................................ 35 16 42 -8 34 34 74 -33 41 8 134 26 4 31 -2 29 29 47 -23 24 7 90 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ........................................................................ 40.00 Appropriation (supplemental) ............................................... 43.00 60.00 70.00 Appropriation (total discretionary) .................................... Mandatory: Appropriation ........................................................................ Total new budget authority (gross) ........................................ Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total outlays (gross) .................................................................. Recoveries of prior year obligations ........................................... Obligated balance, end of year .............................................. Outlays (gross), detail: Outlays from new discretionary authority .................................. Outlays from discretionary balances ......................................... Outlays from new mandatory authority ...................................... Total outlays (gross) .............................................................. ................. 1,053 1,053 50 1,103 ................. ................. ................. 186 186 104 ................. 104 ................. 104 Total assets ............................................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ....................................................................... 2103 Debt ........................................................................................... 2104 Resources payable to Treasury ................................................... Non-Federal liabilities: 2201 Accounts payable ....................................................................... 2207 Other Liabilities ......................................................................... 2999 4999 Total liabilities ........................................................................... Total liabilities and net position ..................................................... ........................... 13 117 3 1 134 134 2 10 75 1 2 90 90 72.40 73.10 73.20 73.45 74.40 171 276 -294 -77 76 76 632 -636 -100 -28 -28 222 -323 -10 -139 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Object Classification (in millions of dollars) 86.90 86.93 86.97 87.00 73 171 50 294 ................. 450 186 636 81 242 ................. 323 Identification code 73-4154-0-3-376 2008 actual 2009 est. 2010 est. 42.0 43.0 99.9 Direct obligations: Insurance claims and indemnities ............................................ Interest and dividends .............................................................. Total new obligations ............................................................ 4 2 6 3 2 5 3 1 4 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources .............. Against gross budget authority only: 88.96 Portion of offsetting collections (cash) credited to expired accounts ........................................................................... Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... -2 ................. ................. 2 ................. ................. ✦ 89.00 90.00 1,103 292 186 636 104 323 DISASTER LOANS PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) For the cost of guaranteed loans, including the cost of modifying loans, as defined in section 502 of the Congressional Budget Act of 1974, $1,690,000, to remain available until expended, of which $352,357 is for loan guarantees as authorized by section 42 of the Small Business Act, and $1,337,643 is for loan guarantees as authorized by section 12085 of Public Law 110-246. In addition, for administrative expenses to carry out the direct and guaranteed loan programs, $102,310,000, to be available until expended, of which $91,000,000 is for direct administrative expenses of loan making and servicing to carry out the direct loan program, which may be paid to the appropriations for Salaries and Expenses; of which $9,000,000 is for =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73-1152-0-1-453 2008 actual 2009 est. 2010 est. Direct loan levels supportable by subsidy budget authority: 115001 Disaster Assistance Loans ........................................................ 115999 Total direct loan levels .............................................................. Direct loan subsidy (in percent): 132001 Disaster Assistance Loans ........................................................ 132999 Weighted average subsidy rate .................................................. Direct loan subsidy budget authority: 133001 Disaster Assistance Loans ........................................................ 763 763 16.27 16.27 124 1,061 1,061 14.92 14.92 158 1,100 1,100 10.77 10.77 118 1164 Small Business Administration—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2010 DISASTER LOANS PROGRAM ACCOUNT—Continued Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program —Continued Identification code 73-1152-0-1-453 2008 actual 2009 est. 2010 est. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Object Classification (in millions of dollars) Identification code 73-1152-0-1-453 2008 actual 2009 est. 2010 est. 133999 Total subsidy budget authority .................................................. Direct loan subsidy outlays: 134001 Disaster Assistance Loans ........................................................ 134999 Total subsidy outlays ................................................................. Direct loan upward reestimates: 135001 Disaster Assistance Loans ........................................................ 135999 Total upward reestimate budget authority ................................. Direct loan downward reestimates: 137001 Disaster Assistance Loans ........................................................ 137999 Total downward reestimate budget authority ............................ Guaranteed loan levels supportable by subsidy budget authority: 215001 Immediate Disaster Assistance ................................................. 215002 Expedited Disaster Assistance .................................................. 215999 Total loan guarantee levels ....................................................... Guaranteed loan subsidy (in percent): 232001 Immediate Disaster Assistance ................................................. 232002 Expedited Disaster Assistance .................................................. 232999 Weighted average subsidy rate .................................................. Guaranteed loan subsidy budget authority: 233002 Expedited Disaster Assistance .................................................. 233999 Total subsidy budget authority .................................................. Guaranteed loan subsidy outlays: 234002 Expedited Disaster Assistance .................................................. 234999 Total subsidy outlays ................................................................. Administrative expense data: 3510 Budget authority ....................................................................... 3580 Outlays from balances .............................................................. 3590 Outlays from new authority ....................................................... 124 142 142 50 50 -165 -165 158 162 162 186 186 -27 -27 118 126 126 ................. ................. ................. ................. 25.2 41.0 99.9 Direct obligations: Other services ........................................................................... Grants, subsidies, and contributions ........................................ Total new obligations ............................................................ 102 174 276 288 344 632 102 120 222 DISASTER LOANS PROGRAM ACCOUNT (Legislative proposal, not subject to PAYGO) =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-1152-2-1-453 2008 actual 2009 est. 2010 est. ................. ................. ................. 0.00 0.00 0.00 ................. ................. ................. ................. ................. ................. ................. 0.00 0.00 0.00 ................. ................. ................. ................. 12 59 71 2.83 2.14 2.26 1 2 1 1 00.01 10.00 Obligations by program activity: Direct loan subsidy .................................................................... Total new obligations (object class 41.0) .............................. Budgetary resources available for obligation: Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. Change in obligated balances: Total new obligations ................................................................ Obligated balance, end of year .............................................. Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... ................. ................. ................. ................. -1 -1 23.95 24.40 ................. ................. ................. ................. 1 1 73.10 74.40 ................. ................. ................. ................. -1 -1 89.00 90.00 102 ................. 102 ................. 288 ................. 102 ................. 102 ................. ................. ................. ................. ................. ................. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 73-1152-2-1-453 2008 actual 2009 est. 2010 est. As required by the Federal Credit Reform Act of 1990, as amended, this account records, for loans made pursuant to Section 7(b) of the Small Business Act, as amended, the subsidy costs associated with the direct loans obligated in 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Disaster loans made pursuant to Section 7(b) of the Small Business Act provide Federal assistance for non-farm, private sector disaster losses. Through the disaster assistance program, SBA helps homeowners, renters, businesses of all sizes, and nonprofit organizations pay for the cost of replacing, rebuilding or repairing property damaged by disasters. The program is the only form of SBA assistance not limited to small businesses. The program provides subsidized loans of up to 30 years to borrowers who have incurred uninsured physical losses or economic injury as the result of a disaster. In 2010, the Budget supports $1.1 billion in loans, the ten-year average for such loans, excluding outlying events. The Budget includes a legislative proposal (Section 521 of the SBA Administrative Provisions) to increase the maximum term for Business Credit Elsewhere loans from three to seven years. With this policy proposal, the subsidy rate is 10.73 percent. In addition to the above, the Budget also requests subsidy and administrative expenses funding to support pilot programs to test two guaranteed disaster programs authorized by sections 12084 and 12085 of the Food, Conservation, and Energy Act of 2008 (Public Law 110-246). Direct loan subsidy (in percent): 132001 Disaster Assistance Loans ........................................................ 132999 Weighted average subsidy rate .................................................. Direct loan subsidy budget authority: 133001 Disaster Assistance Loans ........................................................ 133999 Total subsidy budget authority .................................................. Direct loan subsidy outlays: 134001 Disaster Assistance Loans ........................................................ 134999 Total subsidy outlays ................................................................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. -0.04 -0.04 -1 -1 -1 -1 ✦ DISASTER DIRECT LOAN FINANCING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4150-0-3-453 2008 actual 2009 est. 2010 est. 00.01 00.02 00.03 00.91 08.02 08.04 08.91 10.00 Obligations by program activity: Direct loans ............................................................................... Interest on Treasury borrowing .................................................. Other ......................................................................................... Direct Program by Activities - Subtotal ................................. Payment of downward reestimate to a receipt account ............. Payment of interest on downward reestimate to a receipt account ................................................................................. Direct Program by Activities - Subtotal ................................. Total new obligations ............................................................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New financing authority (gross) ................................................ Resources available from recoveries of prior year obligations .... Portion applied to repay debt .................................................... Total budgetary resources available for obligation ................ Total new obligations ................................................................ 763 467 12 1,242 128 37 165 1,407 1,061 492 ................. 1,553 24 3 27 1,580 1,100 350 ................. 1,450 ................. ................. ................. 1,450 21.40 22.00 22.10 22.60 23.90 23.95 1,862 2,298 472 -2,356 2,276 -1,407 869 2,375 650 -2,233 1,661 -1,580 81 2,048 650 -859 1,920 -1,450 SMALL BUSINESS ADMINISTRATION Small Business Administration—Continued Federal Funds—Continued 1165 7,073 8,524 24.40 Unobligated balance carried forward, end of year ................. 869 81 470 1499 1999 Net present value of assets related to direct loans ................ 7,602 10,399 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow ................................................................ 69.00 Offsetting collections (cash) ................................................. 69.10 Change in uncollected customer payments from Federal sources (unexpired) ........................................................... 69.90 70.00 Spending authority from offsetting collections (total mandatory) ................................................................... Total new financing authority (gross) .................................... Change in obligated balances: Obligated balance, start of year ................................................ Total new obligations ................................................................ Total financing disbursements (gross) ...................................... Recoveries of prior year obligations ........................................... Change in uncollected customer payments from Federal sources (unexpired) ............................................................................ Obligated balance, end of year .............................................. 841 1,552 -95 1,457 2,298 903 1,472 ................. 1,472 2,375 903 1,145 ................. 1,145 2,048 Total assets ............................................................................... LIABILITIES: Federal liabilities: 2103 Debt ........................................................................................... 2105 Other .......................................................................................... Total liabilities ........................................................................... Total liabilities and net position ..................................................... 10,392 7 10,399 10,399 8,520 4 8,524 8,524 2999 4999 DISASTER DIRECT LOAN FINANCING ACCOUNT (Legislative proposal, not subject to PAYGO) 72.40 73.10 73.20 73.45 74.00 74.40 874 1,407 -1,507 -472 95 397 397 1,580 -1,300 -650 ................. 27 27 1,450 -1,300 -650 ................. -473 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4150-2-3-453 2008 actual 2009 est. 2010 est. Outlays (gross), detail: 87.00 Total financing disbursements (gross) .................................. Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: Payments from program account ...................................... Upward reestimate ............................................................ Interest on upward reestimate .......................................... Interest income from Treasury ........................................... Repayments of principal, net ............................................ Non-Federal sources-Other ............................................... Total, offsetting collections (cash) ................................ Against gross financing authority only: Change in receivables from program accounts ..................... 1,507 1,300 1,300 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ...................................... 88.00 Upward reestimate ............................................................ 88.00 Interest on upward reestimate .......................................... 88.90 Total, offsetting collections (cash) ................................ Net financing authority and financing disbursements: Financing authority ................................................................... Financing disbursements .......................................................... ................. ................. ................. ................. ................. ................. ................. ................. 1 ................. ................. 1 88.00 88.00 88.00 88.25 88.40 88.40 88.90 88.95 -142 -19 -31 -128 -1,225 -7 -1,552 95 -162 -158 -28 -254 -870 ................. -1,472 ................. -126 ................. ................. -230 -789 ................. -1,145 ................. 89.00 90.00 ................. ................. ................. ................. 1 1 ✦ DISASTER LOANS GUARANTEED LOAN FINANCING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4293-0-3-453 2008 actual 2009 est. 2010 est. Net financing authority and financing disbursements: 89.00 Financing authority ................................................................... 90.00 Financing disbursements .......................................................... 841 -45 903 -172 903 155 00.02 10.00 Obligations by program activity: Interest on Treasury borrowing .................................................. Total new obligations ............................................................ Budgetary resources available for obligation: New financing authority (gross) ................................................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. ................. ................. ................. ................. 1 1 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Direct Loans (in millions of dollars) Identification code 73-4150-0-3-453 2008 actual 2009 est. 2010 est. Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ......................................................... 1131 Direct loan obligations exempt from limitation ......................... 1150 Total direct loan obligations .................................................. 22.00 23.95 24.40 ................. ................. ................. ................. ................. ................. 2 -1 1 ................. 763 763 ................. 1,061 1,061 ................. 1,100 1,100 1210 1231 1251 1261 Cumulative balance of direct loans outstanding: Outstanding, start of year ......................................................... Disbursements: Direct loan disbursements ............................... Repayments: Repayments and prepayments ............................. Adjustments: Capitalized interest ............................................. Write-offs for default: 1263 Direct loans ........................................................................... 1264 Other adjustments, net (+ or -) ............................................. Outstanding, end of year ....................................................... 9,164 863 -923 ................. -327 -131 8,646 8,646 817 -870 ................. -308 ................. 8,285 8,285 738 -789 ................. -156 ................. 8,078 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow ................................................................ 69.00 Offsetting collections (cash) ................................................. 70.00 Total new financing authority (gross) .................................... Change in obligated balances: Total new obligations ................................................................ Obligated balance, end of year .............................................. Outlays (gross), detail: Total financing disbursements (gross) .................................. ................. ................. ................. ................. ................. ................. 1 1 2 73.10 74.40 ................. ................. ................. ................. 1 1 1290 As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from disaster direct loans obligated in 1992 and beyond (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === 87.00 ................. ................. ................. Offsets: Against gross financing authority and financing disbursements: 88.00 Offsetting collections (cash) from: Payments from program account ............................................................................. Net financing authority and financing disbursements: Financing authority ................................................................... Financing disbursements .......................................................... ................. ................. -1 Balance Sheet (in millions of dollars) 89.00 90.00 ................. ................. ................. ................. 1 -1 Identification code 73-4150-0-3-453 2007 actual 2008 actual =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Guaranteed Loans (in millions of dollars) 2008 actual ASSETS: Federal assets: Fund balances with Treasury ................................. Net value of assets related to post-1991 direct loans receivable: 1401 Direct loans receivable, gross .................................................... 1405 Allowance for subsidy cost (-) .................................................... 1101 2,797 9,164 -1,562 1,451 8,646 -1,573 Identification code 73-4293-0-3-453 2009 est. 2010 est. Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .......... ................. ................. 71 1166 Small Business Administration—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2010 DISASTER LOANS GUARANTEED LOAN FINANCING ACCOUNT—Continued Status of Guaranteed Loans —Continued Identification code 73-4293-0-3-453 2008 actual 2009 est. 2010 est. 1264 1290 Other adjustments, net (+ or -) ............................................. Outstanding, end of year ....................................................... ................. 17 1 15 1 13 2150 Total guaranteed loan commitments ..................................... 2199 Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ......................................................... Outstanding, end of year ....................................................... ................. ................. ................. ................. 71 71 2210 2290 ................. ................. ................. ................. ................. ................. As required by the Federal Credit Reform Act of 1990, as amended, this account records all cash flows to and from the Government resulting from SBA disaster direct loans obligated prior to 1992. This account is shown on a cash basis. All new activity in this program in 1992 and beyond (including modifications of direct loans or loan guarantees made in any year) is recorded in corresponding program and financing accounts. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === As required by the Federal Credit Reform Act of 1990, as amended, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. ✦ Balance Sheet (in millions of dollars) Identification code 73-4153-0-3-453 2007 actual 2008 actual ASSETS: 1101 Federal assets: Fund balances with Treasury ................................. 1601 Direct loans, net ............................................................................. 1603 Allowance for estimated uncollectible loans and interest (-) ......... 1699 1999 Value of assets related to direct loans ....................................... 15 22 -2 20 35 9 17 -1 16 25 DISASTER LOAN FUND LIQUIDATING ACCOUNT =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Total assets ............................................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ....................................................................... 2104 Resources payable to Treasury ................................................... 2999 4999 Total liabilities ........................................................................... Total liabilities and net position ..................................................... ........................... 35 35 35 1 24 25 25 Identification code 73-4153-0-3-453 2008 actual 2009 est. 2010 est. 01.01 01.03 10.00 Obligations by program activity: Interest expense to Treasury ...................................................... Other expenses .......................................................................... Total new obligations ............................................................ 1 1 2 1 2 3 1 2 3 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Object Classification (in millions of dollars) Identification code 73-4153-0-3-453 2008 actual 2009 est. 2010 est. Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year ................... 22.00 New budget authority from offsetting collections (gross) .......... 22.40 Capital transfer to general fund ................................................ 23.90 23.95 24.40 Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. 14 10 -14 10 -2 8 8 6 -11 3 -3 ................. ................. 6 -3 3 -3 ................. Direct obligations: 25.2 Other services ........................................................................... 43.0 Interest and dividends .............................................................. 99.9 Total new obligations ............................................................ 1 1 2 2 1 3 2 1 3 ✦ New budget authority (gross), detail: Mandatory: 60.00 Appropriation ........................................................................ 69.00 Offsetting collections (cash) ................................................. 70.00 Total new budget authority (gross) ........................................ POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT 5 5 10 2 4 6 2 4 6 00.01 1 2 -2 1 1 3 -1 3 3 3 -1 5 21.40 22.00 22.40 23.90 23.95 24.40 -4 -1 -5 -2 -2 -4 -2 -2 -4 60.00 10.00 Obligations by program activity: Obligations by program activity: Disbursement for Guaranty Loan Claim .................................................................................... Total new obligations (object class 42.0) .............................. Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) .................................................... Capital transfer to general fund ................................................ Total budgetary resources available for obligation ................ Total new obligations ................................................................ Unobligated balance carried forward, end of year ................. New budget authority (gross), detail: Mandatory: Appropriation ........................................................................ Change in obligated balances: Total new obligations ................................................................ Total outlays (gross) .................................................................. Outlays (gross), detail: Outlays from new mandatory authority ...................................... Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Program and Financing (in millions of dollars) Identification code 73-4147-0-3-376 2008 actual 2009 est. 2010 est. Change in obligated balances: 72.40 Obligated balance, start of year ................................................ 73.10 Total new obligations ................................................................ 73.20 Total outlays (gross) .................................................................. 74.40 Obligated balance, end of year .............................................. ................. ................. 3 3 1 1 Outlays (gross), detail: 86.97 Outlays from new mandatory authority ...................................... Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Loan repayments ............................................................... 88.40 Other collection ................................................................. 88.90 Total, offsetting collections (cash) ................................ Net budget authority and outlays: Budget authority ....................................................................... Outlays ...................................................................................... 2 1 1 3 3 -3 3 ................. 3 3 3 -3 3 -3 ................. ................. 1 ................. 1 -1 ................. 3 3 1 89.00 90.00 5 -3 2 -3 2 -3 73.10 73.20 ................. ................. 3 -3 1 -1 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Direct Loans (in millions of dollars) 86.97 Identification code 73-4153-0-3-453 2008 actual 2009 est. 2010 est. ................. 3 1 1210 1251 Cumulative balance of direct loans outstanding: Outstanding, start of year ......................................................... Repayments: Repayments and prepayments ............................. Write-offs for default: 1263 Direct loans ........................................................................... 22 -3 -2 17 -2 -1 15 -2 -1 89.00 90.00 3 ................. 3 3 1 1 General Provisions SMALL BUSINESS ADMINISTRATION 1167 =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Status of Guaranteed Loans (in millions of dollars) 2008 actual Identification code 73-4147-0-3-376 2009 est. 2010 est. 2210 2251 2290 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ......................................................... Repayments and prepayments .................................................. Outstanding, end of year ....................................................... Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ....................................................................................... 3 -1 2 2 -1 1 1 -1 ................. 2299 ................. 1 ................. Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ..................................................... 2390 Outstanding, end of year ................................................... 10 10 10 10 10 10 Public Law 94-305 established this fund to alleviate the adverse impact of pollution regulations on small businesses. As a result of the elimination of tax-exempt financing associated with the Pollution Control Guaranteed loan program, no new activity is anticipated for this program. =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === Balance Sheet (in millions of dollars) Identification code 73-4147-0-3-376 2007 actual 2008 actual 1101 1603 1701 1999 ASSETS: Federal assets: Fund balances with Treasury ................................. Allowance for estimated uncollectible loans and interest (-) ......... Defaulted guaranteed loans, gross ................................................ 3 -8 10 5 5 5 5 3 -8 10 5 5 5 5 Total assets ............................................................................... LIABILITIES: 2104 Federal liabilities: Resources payable to Treasury .......................... 2999 4999 Total liabilities ........................................................................... Total liabilities and net position ..................................................... [SEC. 521. All disaster loans issued in Alaska or North Dakota shall be administered by the Small Business Administration and shall not be sold during fiscal year 2009.] [SEC. 522. None of the funds made available under this Act may be used by the Small Business Administration to implement the rule relating to women-owned small business Federal contract assistance procedures published in the Federal Register on October 1, 2008 (73 Fed. Reg. 56940 et seq.).] [SEC. 523. Of the amount made available under the heading "State and Tribal Assistance Grants'' under title II of division F of the Consolidated Appropriations Act, 2008 (Public Law 110-161; 121 Stat. 2125) for the Mingo County Redevelopment Authority, $2,953,000 is transferred to the "Salaries and Expenses'' account of the Small Business Administration. The amount transferred under this section shall be for the Mingo County Redevelopment Authority and shall be available for use under the terms and conditions otherwise applicable to amounts appropriated for the "Salaries and Expenses'' account of the Small Business Administration and shall remain available until expended.] [SEC. 524. Funds made available under section 534 of Public Law 110161 (121 Stat. 2125) for the Alabama Small Business Institute of Commerce, Small Business Incubator, Rainbow City, Alabama shall be made available to Alabama Small Business Institute of Commerce, Rainbow City, Alabama.] [SEC. 525. For an additional amount under the heading "Small Business Administration, Salaries and Expenses'', $65,653,678, to remain available until September 30, 2010, shall be for initiatives related to small business development and entrepreneurship, including programmatic and construction activities, and in the amounts specified in the table that appears under the heading "Administrative Provisions-Small Business Administration'' in the explanatory statement described in section 4 (in the matter preceding division A of this consolidated Act). ] SEC. 521. Section 7(d) of the Small Business Act (15 U.S.C. 636(d)) is amended in subparagraph 7(d)(5)(D) by striking in the last sentence "three years" and inserting "seven years". (Financial Services and General Government Appropriations Act, 2009.) ✦ ✦ GENERAL FUND RECEIPT ACCOUNTS =========== ==== =============== ======= =============== ==== ==== ==== ===== === ==== ==== === (in millions of dollars) ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION (INCLUDING TRANSFER OF FUNDS) SEC. 520. 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. Offsetting receipts from the public: 73-272130 Disaster Loan Program, Downward Reestimates of Subsidies .............................................................................. 73-272210 Business Loan Program, Negative Subsidies .................. 73-272230 Business Loan Program, Downward Reestimates of Subsidies .............................................................................. General Fund Offsetting receipts from the public ..................................... 2008 actual 2009 est. 2010 est. 165 ................. 578 743 27 1 462 490 ................. ................. ................. .................