The Urban Institute is a nonprofit, nonpartisan policy research and educational organization that examines the social, economic, and governance problems facing the nation. The views expressed are those of the authors and should not be attributed to the Urban Institute, its trustees, or its funders.
The Small Business Administration (SBA) recently commissioned the Urban Institute (UI) to evaluate four programs, including the 7(a) Loan Guaranty Program, the Certified Development Company (CDC) 504 Loan Program, the Small Business Investment Company (SBIC) Debentures Program, and the MicroLoan Program. This effort was intended to help SBA assess past performance of the designated programs, as well as to test methodologies that can assist the agency in setting meaningful goals/targets as benchmarks for future accomplishments.
CONTENTS
I. INTRODUCTION
- POLICY AND RESEARCH QUESTIONS
DESCRIPTION OF EVALUATED PROGRAMS
- Section 7(a) Loan Guaranty Program
Certified Development Company (504) Loan Program
MicroLoan Program
Debenture Small Business Investment Company (SBIC) Program
II. DOES SBA ASSISTANCE HELP THE FIRMS THAT RECEIVE IT?
- METHODOLOGY
- Performance Analysis Methodology
Assisted Business Survey Methodology
FINDINGS
- Performance Analysis of SBA’s Loan and Investment Programs
Survey of Assisted Businesses
III. TO WHAT EXTENT DOES THE SBA SERVE ITS MARKET?
- METHODOLOGY
- Factors Used to Ensure Borrowers Meets Credit Elsewhere Requirement
7(a) and 504 Gap Analysis
Debenture SBIC Comparative Analysis
FINDINGS
- Factors Used to Ensure Borrowers Meets Credit Elsewhere Requirement
7(a) and 504 Gap Analysis
Debenture SBIC Comparative Analysis
IV. DO SBA PROGRAMS DUPLICATE OR OVERLAP WITH OTHER PUBLIC SECTOR PROGRAMS?
- METHODOLOGY
FINDINGS
IV. CONCLUSIONS AND POLICY IMPLICATIONS
REFERENCES
APPENDIX A: PERFORMANCE ANALYSIS MEASURES
- Financing Characteristics
Market Characteristics
Downlaod
Key Findings from the Evaluation of the Small Business Administration’s Loan and Investment Programs
