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Status of the Small Business Administationís Implementation of Administrative Provisions in the American Recovery and Reinvestment Act of 2009
Status of the Small Business Administation’s Imple

 
Our Price: $20.00
By William B. Shear (au)
Year: 2010
Pages: 31
Binding Paperback

Product Code: 1437928145

Description
 
Due to recent turmoil in U.S. credit markets, many lenders have been reluctant to offer conventional loans -- that is, loans not guaranteed by the federal government -- to small businesses so that they can finance their operations and capital needs. While the Small Business Admin.'s (SBA) principal loan guarantee programs, the 7(a) and 504 programs, are intended to help small businesses raise critical financing that they may have difficulty obtaining from other sources, the availability of such loans has also declined. This report reviews SBAís efforts to implement the eight Am. Recovery and Reinvestment Act (ARRA) administrative provisions. It pays particular attention to the completion of emergency regulations that were due 15 and 30 days after ARRA enactment, including reasons for any implementation delays. The objectives of this research were to discuss the extent to which (1) SBA has implemented the eight ARRA administrative provisions, with a focus on those that granted SBA emergency rulemaking authority to issue regulations; (2) ARRA administrative provisions and other actions are enhancing liquidity in the markets for SBA 7(a) and 504 loans; and (3) SBA has implemented the ARC Loan Program and how its program terms appeal to market participants. Figures.

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