Small Business Administration: SBA Followed Appropriate Policies and Procedures for September 11 Disaster Loan Applications | |
United States. Government Accountability Office. | |
United States. Government Accountability Office. | |
关键词: Government accountability -- United States.; business regulation and consumer protection; small business administration; letter report; | |
RP-ID : GAO-04-885 RP-ID : 243863 |
|
美国|英语 | |
来源: UNT Digital Library | |
【 摘 要 】
A letter report issued by the Government Accountability Office with an abstract that begins "The Small Business Administration (SBA) played a key role in assisting small businesses affected by the September 11, 2001 terrorist attacks by providing over $1 billion in disaster loans to businesses that sustained physical damage or economic injury. Small businesses in the immediate areas of the attacks and others nationwide that suffered related economic injury were eligible to apply for disaster loans. SBA declined or withdrew about half of these loan applications. SBA's disaster loans are direct federal government loans provided at a subsidized interest rate. In response to concerns that more small businesses impacted by September 11 could have benefited from SBA's disaster loans, GAO conducted a review of its Disaster Loan Program. Specifically, GAO addressed the following questions: (1) Are the disaster program policies consistent with the law and the overall mission of SBA's Disaster Loan Program? (2) What were SBA's underwriting policies and criteria for September 11 Economic Injury Disaster Loans (EIDL) and how did they compare with those applied by nonprofit lenders that were active in New York City after September 11? (3) Did SBA correctly apply its policies and procedures in its disposition of September 11 EIDLs?"
【 预 览 】
Files | Size | Format | View |
---|---|---|---|
243863.pdf | 408KB | download |