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Small Business Administration: 7(a) Program's General Characteristics and Summary of Issues

RCED-00-158R Published: May 26, 2000. Publicly Released: May 26, 2000.
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Highlights

Pursuant to a congressional request, GAO reviewed the Small Business Administration's (SBA) 7(a) General Business Loan Program, focusing on: (1) the general characteristics of the 7(a) program, including how the program operates; (2) certain issues, such as the lack of coordinated lender oversight, that have been identified in recent studies and reports on the program; and (3) how SBA has responded to these issues.

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Internal controlsLending institutionsLoan accounting systemsProgram evaluationSmall business loansSmall businessPolicies and proceduresCredit riskLoan guaranteesSystems modernization