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SMALL BUSINESS ADMINISTRATION
86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

514
254

381
321

495
176

87.00

Total outlays (gross) .................................................

768

702

671

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Payments from business loan program account
88.00
Payments from disaster loan program account
88.00
Federal sources .....................................................
88.40
Non-Federal sources .............................................

¥125
¥135
¥392 ...................
¥9
¥6
¥6
¥12

¥138
¥160
¥5
¥12

88.90

¥532

¥315

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, ø$344,123,000¿ $328,159,000: 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 ø$97,120,000¿ $87,120,000 shall be available to
fund grants for performance in fiscal year ø2008¿ 2009 or fiscal
year ø2009¿ 2010 as authorized: Provided further, that $7,654,400
shall be available for the Loan Modernization and Accounting System,
to be available until September 30, 2010. (Financial Services and
General Government Appropriations Act, 2008.)
Program and Financing (in millions of dollars)
Identification code 73–0100–0–1–376

2007 actual

2008 est.

2009 est.

Obligations by program activity:
00.01 Executive direction .........................................................
60
00.02 Capital Access ...............................................................
52
00.03 Gov. Contracting/ Bus. Development .............................
21
00.04 Entrepreneurial Development .........................................
6
00.05 Management & Adminstration .......................................
23
00.06 Office of Chief Information Officer ................................
38
00.07 Regional & district offices ............................................
98
00.08 Agency wide costs .........................................................
41
00.09 Non credit programs ......................................................
127
00.10 Congressional initiaives ................................................. ...................
00.12 Disaster ..........................................................................
267
09.00 Reimbursable program ..................................................
10

63
71
59
60
22
26
7
7
24
23
32
35
106
111
47
49
141
106
69 ...................
187
151
6
5

10.00

763

Total new obligations ................................................

743

88.96

89.00
90.00

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 ...........................................................................

23.90
23.95
23.98

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.36
Unobligated balance permanently reduced ..............
43.00
58.00
58.00

cprice-sewell on PROD1PC71 with BUDGET PAG

58.90

78
863

210
567

14
643

954
777
657
¥743
¥763
¥644
¥1 ................... ...................
14

13

328
414
328
¥6 ................... ...................

Appropriation (total discretionary) ........................
322
414
Spending authority from offsetting collections:
Offsetting collections (cash) ................................
541 ...................
Offsetting collections (cash) ................................ ...................
153

328
160
155

Spending authority from offsetting collections
(total discretionary) ..........................................

541

153

315

70.00

Total new budget authority (gross) ..........................

863

567

643

72.40
73.10
73.20
73.40
73.45

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 ..............................

74.40

Obligated balance, end of year ................................

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322
236

414
549

328
356

Object Classification (in millions of dollars)

644

13 ................... ...................

210

¥9 ................... ...................

This account funds the administrative expenses of SBA
headquarters and field office operations. Appropriations for
the administration of the disaster direct loan and business
loan programs are merged with this account. For 2009, the
Budget provides increased funding for the continued development of a new loan management accounting system. The
budget proposes $7.65 million for this activity, which will
improve oversight of SBA’s $85 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.

Identification code 73–0100–0–1–376

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New budget authority (gross) ........................................
22.10 Resources available from recoveries of prior year obligations .......................................................................

¥153

11.1
11.3
11.5

2007 actual

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other than full-time permanent ...........................
Other personnel compensation .............................

11.9
12.1
21.0
23.1
23.3

2008 est.

2009 est.

164
10
5

175
10
5

184
10
4

179
46
6
31

190
49
6
33

198
52
6
34

7
1
69

8
1
73

8
1
76

26.0
31.0
41.0

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 ............................................................
Other purchases of goods and services from Government accounts (Disaster Administrative Expenses) ..................................................................
Supplies and materials .............................................
Equipment .................................................................
Grants, subsidies, and contributions ........................

267
4
3
120

187
4
3
203

151
4
3
106

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

733
10

757
6

639
5

99.9

Total new obligations ................................................

743

763

644

24.0
25.2
25.3

Employment Summary
361
316
377
743
763
644
¥768
¥702
¥671
¥7 ................... ...................
¥13 ................... ...................
316
PO 00000

377

350

Frm 00001

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Identification code 73–0100–0–1–376

2007 actual

Direct:
Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................
1001

Sfmt 3643

E:\BUDGET\SBA.XXX

SBA

2008 est.

2009 est.

4,338

3,218

3,044

8

9

11

1109

1110

THE BUDGET FOR FISCAL YEAR 2009

Federal Funds—Continued

OFFICE

OF

INSPECTOR GENERAL

Employment Summary

For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978,
ø$15,000,000¿ $15,500,000. (Financial Services and General Government Appropriations Act, 2008.)

Identification code 73–0200–0–1–376

2007 actual

Obligations by program activity:
00.01 Audit ...............................................................................
00.02 Investigations .................................................................
00.03 Management policy ........................................................
00.04 General Office/Legal Counsel ........................................

2008 est.

2009 est.

103

2009 est.

108

108

SURETY BOND GUARANTEES REVOLVING FUND

6
8
1
1

7
9
1
1

8
9
1
1

10.00

Total new obligations ................................................

16

18

19

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

5
16

5
15

2
17

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

21
¥16

20
¥18

19
¥19

24.40

Unobligated balance carried forward, end of year

5

For additional capital for the Surety Bond Guarantees Revolving
Fund, authorized by the Small Business Investment Act of 1958ø,
$3,000,000¿ as amended, $2,000,000, to remain available until expended. (Financial Services and General Government Appropriations
Act, 2008.)
Program and Financing (in millions of dollars)
Identification code 73–4156–0–3–376

2007 actual

2008 est.

2009 est.

Obligations by program activity:
09.01 Reimbursable obligations ..............................................

5

9

9

10.00

Total new obligations (object class 42.0) ................

5

9

9

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

21
11

27
11

29
10

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

32
¥5

38
¥9

39
¥9

24.40

Unobligated balance carried forward, end of year

27

29

30

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
58.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

3

3

2

2 ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
58.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

14

70.00

Total new budget authority (gross) ..........................

16

15

17

72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................

2
16
¥16

2
18
¥18

2
19
¥19

8

8

8

74.40

Obligated balance, end of year ................................

2

2

2

70.00

Total new budget authority (gross) ..........................

11

11

10

Outlays (gross), detail:
Outlays from new discretionary authority .....................
16
Outlays from discretionary balances ............................. ...................

15
3

17
2

72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................

1
5
¥5

1
9
¥11

¥1
9
¥10

18

19
74.40

Obligated balance, end of year ................................

1

¥1

¥2

86.90

Outlays (gross), detail:
Outlays from new discretionary authority .....................

5

11

10

Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................

¥8

¥8

¥8

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

3
¥3

3
3

2
2

86.90
86.93
87.00

Total outlays (gross) .................................................

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Payments from
disaster loan program account ............................
Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

15

16

2 ...................

1

16

¥2 ...................

14
14

15
18

¥1

16
18

The Budget proposes $15.5 million in new budget authority
and $1.0 million transferred from the Disaster Loans Program
account for a total of $16.5 million for the Office of Inspector
General (OIG) for 2009. This appropriation provides funds
for agency-wide audit, investigative, and related functions to
promote economy and efficiency in SBA operations and to
prevent and detect waste, fraud, and abuse.
Object Classification (in millions of dollars)
Identification code 73–0200–0–1–376

cprice-sewell on PROD1PC71 with BUDGET PAG

2008 est.

f

Program and Financing (in millions of dollars)
Identification code 73–0200–0–1–376

2007 actual

Direct:
1001 Civilian full-time equivalent employment .....................

2007 actual

2008 est.

2009 est.

11.1
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other personnel compensation .............................

9
1

10
1

10
1

11.9
12.1
25.2

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Other services ............................................................

10
3
2

11
3
3

11
4
3

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

15
1

17
1

18
1

99.9

Total new obligations ................................................

16

18

19

Frm 00002

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PO 00000

89.00
90.00

SBA is authorized to issue bond guarantees to surety companies for construction, service, and supply contracts or work
orders that do not exceed $2,000,000 and to reimburse these
sureties up to 90 percent of the losses sustained if the contractor defaults. 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 2009, the Budget proposes a $1 billion program level
that is anticipated to be sufficient to accommodate program
demand.
Balance Sheet (in millions of dollars)
Identification code 73–4156–0–3–376

2006 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury .....................................................
Investments in US securities:
1106 Receivables, net ...........................................................................
Sfmt 3633

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SBA

2007 actual

21

27

6

1

SMALL BUSINESS ADMINISTRATION
1999

Total assets ..................................................................................
LIABILITIES:
2201 Non-Federal liabilities: Accounts payable ..................................

27
24

25

2999

24

25

3

3

Total liabilities .............................................................................
NET POSITION:
3300 Cumulative results of operations ...............................................

28

3999

Total net position ........................................................................

3

3

4999

Total liabilities and net position ...............................................

27

28

f

(INCLUDING TRANSFERS OF FUNDS)

øFor the cost of direct loans, $2,000,000, 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¿ Subject to section
502 of the Congressional Budget Act of 1974, during fiscal year
ø2008¿ 2009 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 ø2008¿ 2009
commitments for general business loans authorized under section
7(a) of the Small Business Actø,¿ shall not exceed $17,500,000,000:
Provided further, That during fiscal year ø2008¿ 2009 commitments
to guarantee loans for debentures under section 303(b) of the Small
Business Investment Act of 1958, shall not exceed $3,000,000,000:
Provided further, That during fiscal year ø2008¿ 2009, 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, ø$135,414,000¿ $138,480,000, which ømay be
transferred to and merged with¿ shall be paid to the appropriations
for Salaries and Expenses. (Financial Services and General Government Appropriations Act, 2008.)

cprice-sewell on PROD1PC71 with BUDGET PAG

2008 est.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 73–1154–0–1–376

2007 actual

Direct loan levels supportable by subsidy budget authority:
115001 7(m) Direct Microloans ..................................................
115999 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 7(m) Direct Microloans ..................................................

2008 est.

2009 est.

19

20 ...................

19

20 ...................

2

2 ...................

1

2 ...................

134999 Total subsidy outlays .....................................................
Direct loan upward reestimates:
135001 7(m) Direct Microloans ..................................................

1

2 ...................

3

9 ...................

135999 Total upward reestimate budget authority ....................
Direct loan downward reestimates:
137001 7(m) Direct Microloans ..................................................

3

9 ...................

¥15

¥11 ...................

2009 est.

137999 Total downward reestimate budget authority ...............

¥15

¥11 ...................

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 .........................................

6
496

6
138

1 ................... ...................

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

542
¥536

502
¥496

144
¥138

24.40

Unobligated balance carried forward, end of year

6

6

6

126
137
138
¥5 ................... ...................
121

60.00

Appropriation (total discretionary) ........................
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
Mandatory:
Appropriation .............................................................

406

359 ...................

70.00

Total new budget authority (gross) ..........................

530

496

72.40
73.10
73.20
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................

74.40

Obligated balance, end of year ................................

13,517

17,500

17,500

6,282
707
3,678

7,500
3,000
12,000

7,500
3,000
12,000

24,184

40,000

40,000

0.00

0.00

0.00

0.00
0.00
0.00

0.00
0.00
0.00

¥0.07
0.00
0.00

232999 Weighted average subsidy rate .....................................
0.00
0.00
Guaranteed loan subsidy budget authority:
233004 Section 504 Certified Development Companies Debentures .......................................................................... ................... ...................

¥0.01

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 .........................................

¥5

233999 Total subsidy budget authority ...................................... ................... ...................
¥5
Guaranteed loan subsidy outlays:
234002 7 (a) General Business Loan Guarantees .....................
3 ................... ...................
234004 Section 504 Certified Development Companies Debentures .......................................................................... ................... ...................
¥1

138

3 ................... ...................

138

10
6
6
536
496
138
¥539
¥496
¥138
¥1 ................... ...................

PO 00000

138
138

133999 Total subsidy budget authority ......................................
Direct loan subsidy outlays:
134001 7(m) Direct Microloans ..................................................

11
530

Jkt 214754

496
496

2 ...................

138

17:53 Jan 24, 2008

527
536

2

496

VerDate Aug 31 2005

¥3 ................... ...................

0.00

536

6

138

10.12

10.00

137

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

496

10.21

...................
...................
...................
...................
...................
138

43.00
58.00

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources

539

132999 Weighted average subsidy rate .....................................
Direct loan subsidy budget authority:
133001 7(m) Direct Microloans ..................................................

2
7
2
263
87
135

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.36
Unobligated balance permanently reduced ..............

Total outlays (gross) .................................................

0.00

2
2
1
340
63
128

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New budget authority (gross) ........................................
22.10 Resources available from recoveries of prior year obligations .......................................................................

87.00

124
137
138
9 ................... ...................
406
359 ...................

10.12

Obligations by program activity:
00.01 Direct loan subsidy ........................................................
00.05 Reestimate of direct loan ..............................................
00.06 Interest on direct loan reestimation ..............................
00.07 Reestimate of loan guarantee subsidy .........................
00.08 Interest on reestimates of loan guarantee subsidy
00.09 Administrative expenses ................................................
Total new obligations ................................................

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................
Outlays from new mandatory authority .........................

10.21

Program and Financing (in millions of dollars)
2007 actual

86.90
86.93
86.97

89.00
90.00

BUSINESS LOANS PROGRAM ACCOUNT

Identification code 73–1154–0–1–376

1111

Federal Funds—Continued

6

6

Frm 00003

Fmt 3616

234999 Total subsidy outlays .....................................................
3 ...................
¥1
Guaranteed loan upward reestimates:
235002 7 (a) General Business Loan Guarantees .....................
61
113 ...................
235003 7 (a) General Business Loan Guarantees—STAR .........
1
2 ...................
235004 Section 504 Certified Development Companies Debentures .......................................................................... ...................
43 ...................
235006 SBIC Debentures ............................................................
9
1 ...................
235007 SBIC Participating Securities ........................................
282
169 ...................
235008 SBIC New Market Venture Capital ................................. ...................
1 ...................
235009 7 (a) General Business—Delta .....................................
1 ................... ...................
235010 Secondary Market Guarantee .........................................
49
20 ...................
235013 502 Local Development Companies .............................. ...................
1 ...................
235999 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimates:
Sfmt 3643

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SBA

403

350 ...................

1112

THE BUDGET FOR FISCAL YEAR 2009

Federal Funds—Continued

BUSINESS LOANS PROGRAM ACCOUNT—Continued

115001 7(m) Direct Microloans .................................................. ................... ...................

25

(INCLUDING TRANSFERS OF FUNDS)—Continued

115999 Total direct loan levels .................................................. ................... ...................

25

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
Identification code 73–1154–0–1–376

2007 actual

2008 est.

¥122
¥7

2009 est.

¥56 ...................
¥8 ...................

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 ........................................
237010 Secondary Market Guarantee .........................................
237012 SBIC 301(d) Guarantee ..................................................

¥166
¥38
¥121
¥166
¥318
¥290
¥13
¥9
¥1 ...................

237999 Total downward reestimate subsidy budget authority

¥748

Administrative expense data:
3510 Budget authority ............................................................
3590 Outlays from new authority ...........................................

126
121

...................
...................
...................
...................
...................

The Microloan Program is for loans to micro-borrowers
through intermediaries; the requested direct program level
for 2009 is $25.0 million. The Budget proposes to build upon
the success of the zero-subsidy 7(a) program by making the
Microloan program self-financing through modest increases
to the interest rates paid by program intermediaries.
f

BUSINESS DIRECT LOAN FINANCING ACCOUNT

¥567 ...................

125
121

138
138

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.
For 2009, the Budget proposes $138.5 million in new budget
authority for the Business Loans Program account. These
funds will cover the administrative costs of SBA’s business
credit programs. No appropriations are requested to cover
loan subsidy, as fees are sufficient to offset expected losses.
The Section 7(a) program provides general business credit
assistance. The requested guaranteed loan program level for
2009 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 2009. 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.
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 2009, the Budget proposes a program level of
$12 billion in such securities.

Program and Financing (in millions of dollars)
Identification code 73–4148–0–3–376

2007 actual

Obligations by program activity:
00.01 Direct loans ....................................................................
00.02 Interest on Treasury borrowing ......................................

2008 est.

2009 est.

19
8

20 ...................
9
8

Direct Program by Activities—Subtotal ....................
Payment of downward reestimate to a receipt account
Payment of interest on downward reestimate to a
receipt account ..........................................................

27
6

29
8
3 ...................

9

8 ...................

08.91

Direct Program by Activities—Subtotal ....................

15

11 ...................

10.00

Total new obligations ................................................

42

40

7
68

12 ...................
52
34

00.91
08.02
08.04

8

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................
Resources available from recoveries of prior year obligations .......................................................................
22.60 Portion applied to repay debt ........................................
22.70 Balance of authority to borrow withdrawn ....................

3 ................... ...................
¥21
¥24
¥1
¥3 ................... ...................

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

54
¥42

24.40

Unobligated balance carried forward, end of year

21.40
22.00
22.10

40
¥40

33
¥8

12 ...................

25

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

32

9

36

43

30

70.00

Total new financing authority (gross) ......................

68

52

34

72.40
73.10
73.20
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total financing disbursements (gross) .........................
Recoveries of prior year obligations ..............................

74.40

Obligated balance, end of year ................................

23

23 ...................

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .....................

39

40

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources: Payments from program account .................................................................
88.00
Upward reestimate ................................................
88.00
Interest on reestimate ..........................................
88.25
Interest on uninvested funds ...............................
88.40
Repayments of principal, net ...............................
88.40
Other income .........................................................

¥2
¥2
¥1
¥2
¥27
¥2

¥2 ...................
¥7 ...................
¥2 ...................
¥2
¥3
¥29
¥25
¥1
¥2

88.90

Total, offsetting collections (cash) .......................

¥36

¥43

¥30

89.00
90.00

Net financing authority and financing disbursements:
Financing authority ........................................................
Financing disbursements ...............................................

32
3

9
¥3

4
1

4

23
23
23
42
40
8
¥39
¥40
¥31
¥3 ................... ...................

Object Classification (in millions of dollars)
Identification code 73–1154–0–1–376

2007 actual

2008 est.

2009 est.

25.2
41.0

Direct obligations:
Other services ................................................................
Grants, subsidies, and contributions ............................

128
408

135
138
361 ...................

99.9

Total new obligations ................................................

536

496

138

BUSINESS LOANS PROGRAM ACCOUNT
cprice-sewell on PROD1PC71 with BUDGET PAG

(Legislative proposal, not subject to PAYGO)
Subject to section 502 of the Congressional Budget Act of 1974,
during fiscal year 2009, the principal amount of direct loan obligations as authorized under section 7(m) of the Small Business Act
shall not exceed $25,000,000.
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 73–1154–2–1–376

2007 actual

2008 est.

2009 est.

Direct loan levels supportable by subsidy budget authority:
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31

SMALL BUSINESS ADMINISTRATION
90.00

Status of Direct Loans (in millions of dollars)
Identification code 73–4148–0–3–376

2007 actual

2008 est.

20 ...................

1150

Total direct loan obligations .....................................

19

20 ...................

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1231 Disbursements: Direct loan disbursements ...................
1251 Repayments: Repayments and prepayments .................
1263 Write-offs for default: Direct loans ...............................

131
16
¥23
¥1

123
19
¥29
¥2

111
18
¥25
¥2

123

111

102

Identification code 73–4148–2–3–376

Outstanding, end of year ..........................................

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.
Balance Sheet (in millions of dollars)
Identification code 73–4148–0–3–376

2006 actual

131
–17

123
–11

1499

Net present value of assets related to direct loans ..............

114

112

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2103 Debt ...............................................................................................
2105 Other ..............................................................................................

156

153

142
14

141
12

2999

Total liabilities .............................................................................

156

153

4999

Total liabilities and net position ...............................................

156

153

39

35

3

6

Program and Financing (in millions of dollars)
2008 est.

2009 est.

Obligations by program activity:
00.01 Direct loans .................................................................... ................... ...................

25

10.00

25

Total new obligations ................................................ ................... ...................

Budgetary resources available for obligation:
22.00 New financing authority (gross) .................................... ................... ...................
23.95 Total new obligations .................................................... ................... ...................

25
¥25

Unobligated balance carried forward, end of year ................... ................... ...................

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow .................................................... ................... ...................
cprice-sewell on PROD1PC71 with BUDGET PAG

25

1150

25

1210
1231
1251
1263

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 ...............................

1290

Obligated balance, end of year ................................ ................... ...................

25
¥4

Although the Microloan program will continue to be a direct
loan program, the Budget proposes to build upon the success
of the zero-subsidy 7(a) program by making the Microloan
program self-financing through modest increases to the interest rates paid by program intermediaries. The amounts in
this account are a means of finance and are not included
in the budget totals.
f

Program and Financing (in millions of dollars)
Identification code 73–4149–0–3–376

Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ...................

25

PO 00000

Frm 00005

2007 actual

Obligations by program activity:
00.01 Default claims ...............................................................
00.02 Interest on Treasury borrowing ......................................
00.05 Other Expenses ..............................................................
00.91
08.01
08.02
08.04

1,082
69
236

2008 est.

1,150
75
250

2009 est.

1,175
77
275

Direct Program by Activities—Subtotal ....................
1,387
1,475
1,527
Negative subsidy obligations ......................................... ................... ...................
5
Payment of downward reestimate to receipt account
608
404 ...................
Payment of interest on downward reestimate to receipt account .............................................................
140
163 ...................

08.91

Direct Program by Activities—Subtotal ....................

748

567

5

10.00

Total new obligations ................................................

2,135

2,042

1,532

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

4,939
¥2,135

3,490
¥2,042

2,803
¥1,532

24.40

Unobligated balance carried forward, end of year

2,804

1,448

1,271

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................

748 ................... ...................
1,991

1,955

1,655

¥4 ................... ...................

Spending authority from offsetting collections
(total mandatory) .............................................

1,987

1,955

1,655

70.00

Total new financing authority (gross) ......................

2,735

1,955

1,655

72.40
73.10
73.20
73.45
74.00

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) ............................................

21

4

Jkt 214754

4

25

Outlays (gross), detail:
87.00
Total financing disbursements (gross) ..................... ................... ...................

17:53 Jan 24, 2008

................... ...................
...................
4
................... ...................
................... ...................

Outstanding, end of year .......................................... ................... ...................

69.90
Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................
73.20 Total financing disbursements (gross) ......................... ................... ...................

VerDate Aug 31 2005

...................
...................
...................
...................

21.40
22.00
22.10

(Legislative proposal, not subject to PAYGO)

89.00

2009 est.

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
2,588
2,804
1,448
New financing authority (gross) ....................................
2,735
1,955
1,655
Resources available from recoveries of prior year obligations .......................................................................
4 ................... ...................
22.35 Adjustment to unobligated balance carried forward,
start of year (¥) ...................................................... ...................
¥619 ...................
22.60 Portion applied to repay debt ........................................
¥388
¥650
¥300

BUSINESS DIRECT LOAN FINANCING ACCOUNT

74.40

2008 est.

BUSINESS GUARANTEED LOAN FINANCING ACCOUNT

1999

24.40

2007 actual

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans ............................................. ................... ...................

2007 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 (–) ..................................................

2007 actual

4

Status of Direct Loans (in millions of dollars)

19

Identification code 73–4148–2–3–376

Financing disbursements ............................................... ................... ...................

2009 est.

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................

1290

1113

Federal Funds—Continued

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SBA

13
16
58
2,135
2,042
1,532
¥2,132
¥2,000
¥1,550
¥4 ................... ...................
4 ................... ...................

1114

THE BUDGET FOR FISCAL YEAR 2009

Federal Funds—Continued

BUSINESS GUARANTEED LOAN FINANCING ACCOUNT—Continued

Balance Sheet (in millions of dollars)

Program and Financing (in millions of dollars)—Continued
Identification code 73–4149–0–3–376

74.40

2007 actual

Obligated balance, end of year ................................

Outlays (gross), detail:
87.00
Total financing disbursements (gross) .....................
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 reestimate ..........................................
88.25
Interest on uninvested funds ...............................
88.40
Fees .......................................................................
88.40
Recoveries .............................................................
88.40
Other .....................................................................
88.90
88.95

Total, offsetting collections (cash) .......................
Against gross financing authority only:
Change in receivables from program accounts .......

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................
90.00 Financing disbursements ...............................................

Identification code 73–4149–0–3–376

2008 est.

16

58

2,132

2,000

2009 est.

40

1,550

1599
¥3 ................... ...................
¥340
¥263 ...................
¥63
¥87 ...................
¥99
¥120
¥125
¥653
¥675
¥700
¥803
¥810
¥830
¥30 ................... ...................
¥1,991

¥1,955

¥1,655

4 ................... ...................

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 ...................................................

2008 est.

2009 est.

24,184

40,000

40,000

2150
2199

24,184
19,521

40,000
31,200

40,000
31,200

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
67,000
71,370
75,842
2231 Disbursements of new guaranteed loans ......................
18,572
20,915
22,803
2251 Repayments and prepayments ......................................
¥13,120
¥15,190
¥14,328
Adjustments:
2261
Terminations for default that result in loans receivable .......................................................................
¥1,007
¥1,128
¥1,457
2263
Terminations for default that result in claim payments ....................................................................
¥75
¥125
¥162
2264
Other adjustments, net ............................................. ................... ................... ...................
2290

Outstanding, end of year ..........................................

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

cprice-sewell on PROD1PC71 with BUDGET PAG

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2331
Disbursements for guaranteed loan claims .............
2351
Repayments of loans receivable ...............................
2361
Write-offs of loans receivable ...................................
2364
Other adjustments, net .............................................
2390

Outstanding, end of year ......................................

71,370

58,274

75,842

60,060

82,698

4,064

4,209

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.
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413
49

447
42

3,868
6
–3,124

3,919
6
–3,235

750

690

3,814

3,380

1,477
685

1,217
406

22
1,630

20
1,737

Total liabilities .............................................................................

3,814

3,380

Total liabilities and net position ...............................................

3,814

3,380

f

BUSINESS LOAN FUND LIQUIDATING ACCOUNT

Frm 00006

Identification code 73–4154–0–3–376

2007 actual

2008 est.

2009 est.

00.01
00.05
00.09

Obligations by program activity:
Interest Expense to Treasury .........................................
Guaranteed loan default claims ....................................
Other expenses ...............................................................

2
1
3

2
2
4

1
1
2

10.00

Total new obligations ................................................

6

8

4

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.40 Capital transfer to general fund ...................................
22.60 Portion applied to repay debt to FFB ............................
21.40
22.00
22.10

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

24.40

Unobligated balance carried forward, end of year

56
45

30 ...................
28
18

1 ................... ...................
¥56
¥43
¥9
¥10
¥7
¥5
36
¥6

8
¥8

4
¥4

30 ................... ...................

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

20

8

3

25

20

15

70.00

Total new budget authority (gross) ..........................

45

28

18

72.40
73.10
73.20
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................

74.40

Obligated balance, end of year ................................

5

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

10

67,278

3,868
3,919
4,064
1,007
1,150
1,150
¥682
¥730
¥730
¥546
¥275
¥275
272 ................... ...................
3,919

2,201

Program and Financing (in millions of dollars)

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................
Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

2,602

4999
748 ................... ...................
141
45
¥105

2007 actual

2007 actual

2999

Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4149–0–3–376

2006 actual

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 (–) ..................................................

Fmt 3616

10
5
4
6
8
4
¥10
¥9
¥8
¥1 ................... ...................
4 ...................

9

8

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.40
Financing Investment programs-principal ...........
¥12
¥10
¥8
88.40
Interest Income-Business & investment ..............
¥2
¥2
¥1
88.40
Fees ....................................................................... ................... ................... ...................
88.40
Collection on FFB loans ........................................
¥10
¥7
¥5
88.40
Other Income-both Business and Investment ......
¥1
¥1
¥1
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SBA

SMALL BUSINESS ADMINISTRATION
88.90

Total, offsetting collections (cash) .......................

¥25

¥20

¥15

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

20
¥15

8
¥11

3
¥7

Status of Direct Loans (in millions of dollars)
Identification code 73–4154–0–3–376

2007 actual

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

1290

2008 est.

22
¥2

25
¥2

2009 est.

2103
2104
2105

27
129
1

13
117
....................

2201
2207

Debt ...............................................................................................
Resources payable to Treasury ...................................................
Other Liabilities ............................................................................
Non-Federal liabilities:
Accounts payable .........................................................................
Other Liabilities ............................................................................

2
1

3
1

2999

Total liabilities .............................................................................

166

134

4999

Total liabilities and net position ...............................................

166

134

Object Classification (in millions of dollars)

20
¥2

Identification code 73–4154–0–3–376

¥6
¥3
¥2
11 ................... ...................

Outstanding, end of year ..........................................

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1251 Repayments: Repayments and prepayments .................

25

20

16

27
¥10

17
¥7

10
¥5

17

10

5

Outstanding, end of year ..........................................

2007 actual

2007 actual

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 Repayments and prepayments ......................................
2261 Adjustments: Terminations for default that result in
loans receivable ........................................................

2008 est.

2009 est.

240
¥80

159
¥55

103
¥45

¥1

¥1

¥1

2290

Outstanding, end of year ..........................................

159

103

57

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

137

83

46

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
79
74
58
2331
Disbursements for guaranteed loan claims .............
1
1
1
2351
Repayments of loans receivable ...............................
¥14
¥13
¥10
2361
Write-offs of loans receivable ................................... ...................
¥4
¥4
2364
Other adjustments, net .............................................
8 ................... ...................
2390

Outstanding, end of year ......................................

74

58

45

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.
Balance Sheet (in millions of dollars)

cprice-sewell on PROD1PC71 with BUDGET PAG

Identification code 73–4154–0–3–376

2006 actual

2007 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
1206 Non-Federal assets: Receivables, net ........................................
1601 Direct loans, gross ......................................................................
1603 Allowance for estimated uncollectible loans and interest (–)

66
1
49
–9

35
16
42
–8

1604

Direct loans and interest receivable, net .................................

40

34

1699
1701
1703

Value of assets related to direct loans ...................................
Defaulted guaranteed loans, gross ............................................
Allowance for estimated uncollectible loans and interest (–)

40
79
–27

34
74
–33

1799
1901

Value of assets related to loan guarantees ............................
Other Federal assets: Other assets ...........................................

52
7

41
8

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2101 Accounts payable .........................................................................

166

134

6

....................

1999

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2008 est.

2009 est.

Direct obligations:
42.0 Insurance claims and indemnities ................................
43.0 Interest and dividends ...................................................

4
2

6
2

3
1

99.9

6

8

4

Total new obligations ................................................
f

DISASTER LOAN PROGRAM ACCOUNT
(INCLUDING

Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4154–0–3–376

1115

Federal Funds—Continued

TRANSFERS OF FUNDS)

For the cost of direct loans authorized by section 7(b) of the Small
Business Act, $14,301,000, 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.
In addition, for administrative expenses to carry out the direct loan
program, $160,068,000, to be available until expended, 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 program and shall be paid to appropriations for the Office
of Inspector General; of which $150,068,000 is for direct administrative expenses of loan making and servicing to carry out the direct
loan program, which may be paid to appropriations for Salaries and
Expenses; and of which $9,000,000 is for indirect administrative expenses, which may be paid to appropriations for Salaries and Expenses.
Program and Financing (in millions of dollars)
Identification code 73–1152–0–1–453

2007 actual

00.01
00.05
00.06
00.09

Obligations by program activity:
Direct loan subsidy ........................................................
Upward reestimate of direct loans ................................
Interest on upward reestimates of direct loans ...........
Administrative expense ..................................................

10.00

Total new obligations ................................................

2008 est.

2009 est.

267
156
158
267
19 ...................
23
31 ...................
404 ...................
160
961

206

318

610
403

304
50

149
174

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.21 Unobligated balance transferred to other accounts

402
1
10
¥150 ................... ...................

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

1,265
¥961

355
¥206

333
¥318

24.40

Unobligated balance carried forward, end of year

304

149

15

21.40
22.00
22.10

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
115 ...................
174
40.00
Appropriation (supplemental) .................................... ................... ................... ...................
40.36
Unobligated balance permanently reduced ..............
¥2 ................... ...................
43.00
60.00

Appropriation (total discretionary) ........................
Mandatory:
Appropriation .............................................................

70.00

72.40
73.10
73.20
73.45

113 ...................

174

290

50 ...................

Total new budget authority (gross) ..........................

403

50

174

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................

806
961
¥1,194
¥402

171
206
¥221
¥1

155
318
¥322
¥10

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1116

THE BUDGET FOR FISCAL YEAR 2009

Federal Funds—Continued

DISASTER LOAN PROGRAM ACCOUNT—Continued
(INCLUDING

TRANSFERS OF FUNDS)—Continued

Program and Financing (in millions of dollars)—Continued
Identification code 73–1152–0–1–453

2007 actual

74.40

Obligated balance, end of year ................................

86.90
86.93
86.97

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................
Outlays from new mandatory authority .........................

87.00

Total outlays (gross) .................................................

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 ...................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

171

2008 est.

155

2009 est.

Identification code 73–1152–0–1–453

113 ...................
134
791
171
188
290
50 ...................
1,194

221

322

2008 est.

160
158

99.9

961

318

Total new obligations ................................................

206

f

DISASTER DIRECT LOAN FINANCING ACCOUNT
Program and Financing (in millions of dollars)

9 ................... ...................

Identification code 73–4150–0–3–453

403
1,185

50
221

174
322

2008 est.

2009 est.

2007 actual

Obligations by program activity:
00.01 Direct loans ....................................................................
00.02 Interest on Treasury borrowing ......................................
00.03 Other ..............................................................................

2008 est.

00.91
08.02
08.04

Direct Program by Activities—Subtotal ....................
Payment of downward reestimate to a receipt account
Payment of interest on downward reestimate to a
receipt account ..........................................................

2,043
9

1,451
1,411
128 ...................

2

37 ...................

Direct Program by Activities—Subtotal ....................

11

165 ...................

Total new obligations ................................................

2,054

1,616

1,926
3,811

1,862 ...................
2,322
2,084

1,506

959

1,061

1,506

959

1,061

10.00

17.73

16.27

14.92

132999 Weighted average subsidy rate .....................................
Direct loan subsidy budget authority:
133001 Disaster Assistance Loans .............................................

17.73

16.27

14.92

267

156

158

133999 Total subsidy budget authority ......................................
Direct loan subsidy outlays:
134001 Disaster Assistance Loans .............................................

267

156

158

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................
Resources available from recoveries of prior year obligations .......................................................................
22.60 Portion applied to repay debt ........................................
22.70 Balance of authority to borrow withdrawn ....................

2,750
300
¥1,821
¥2,868
¥2,750 ...................

500

171

162

500

171

162

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

3,916
¥2,054

134999 Total subsidy outlays .....................................................
Direct loan upward reestimates:
135001 Disaster Assistance Loans .............................................

290

50 ...................

24.40

Unobligated balance carried forward, end of year

135999 Total upward reestimate budget authority ....................
Direct loan downward reestimates:
137001 Disaster Assistance Loans .............................................

290

50 ...................

¥11

¥165 ...................

137999 Total downward reestimate budget authority ...............

¥11

¥165 ...................

404 ...................
160
291 ................... ...................
113 ...................
160

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 this program, SBA helps
homeowners, renters, businesses of all sizes, and non-profit
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
VerDate Aug 31 2005

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2009 est.

1,506
959
1,061
525
492
350
12 ................... ...................

115999 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 Disaster Assistance Loans .............................................

Administrative expense data:
Budget authority ............................................................
Outlays from balances ...................................................
Outlays from new authority ...........................................

2009 est.

404 ...................
557
206

08.91

3510
3580
3590

cprice-sewell on PROD1PC71 with BUDGET PAG

2007 actual

Direct obligations:
25.2 Other services ................................................................
41.0 Grants, subsidies, and contributions ............................

¥9 ................... ...................

2007 actual

Direct loan levels supportable by subsidy budget authority:
115001 Disaster Assistance Loans .............................................

Object Classification (in millions of dollars)

141

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 73–1152–0–1–453

to borrowers who have incurred uninsured physical losses
or economic injury as the result of a disaster.
In 2009, the Budget supports $1.06 billion in loans, the
ten-year average for such loans, excluding outlying events.
The subsidy rate is 14.92 percent.

21.40
22.00
22.10

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
69.90

1,411

320
¥810
¥94

1,616
¥1,616

1,500
¥1,411

1,862 ...................

89

2,186

803

903

2,237

1,519

1,181

¥612 ................... ...................

Spending authority from offsetting collections
(total mandatory) .............................................

1,625

1,519

1,181

70.00

Total new financing authority (gross) ......................

3,811

2,322

2,084

72.40
73.10
73.20
73.45
74.00

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) ............................................

4,767
2,054
¥3,810
¥2,750

873
1,616
¥1,570
¥300

619
1,411
¥1,300
¥320

612 ................... ...................

74.40

Obligated balance, end of year ................................

873

619

410

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .....................

3,810

1,570

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 .............................
88.25
Interest income from Treasury ..............................

¥500
¥267
¥23
¥227

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¥171
¥162
¥19 ...................
¥31 ...................
¥200
¥230

SMALL BUSINESS ADMINISTRATION
88.40
88.40

Repayments of principal, net ...............................
Non-Federal sources-Other ...................................

88.90
88.95

Total, offsetting collections (cash) .......................
Against gross financing authority only:
Change in receivables from program accounts .......

89.00
90.00

Net financing authority and financing disbursements:
Financing authority ........................................................
Financing disbursements ...............................................

1117

Federal Funds—Continued

¥1,213
¥1,098
¥789
¥7 ................... ...................

22.40

Capital transfer to general fund ...................................

¥16

¥21

¥3

¥1,181

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

16
¥2

3
¥3

3
¥3

612 ................... ...................

24.40

Unobligated balance carried forward, end of year

¥2,237

¥1,519

2,186
1,573

803
51

903
119

14 ................... ...................

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

10

5

2

6

5

4

70.00

Total new budget authority (gross) ..........................

16

10

6

72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................

1
2
¥2

1
3
¥2

2
3
¥1

74.40

Obligated balance, end of year ................................

1

2

4

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

2

2

1

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.40
Loan repayments ...................................................
88.40
Other collection .....................................................

¥4
¥2

¥3
¥2

¥2
¥2

88.90

Total, offsetting collections (cash) .......................

¥6

¥5

¥4

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

10
¥4

5
¥3

2
¥3

Status of Direct Loans (in millions of dollars)
Identification code 73–4150–0–3–453

2007 actual

2008 est.

2009 est.

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans ............................................. ................... ................... ...................
1131 Direct loan obligations exempt from limitation ............
1,506
959
1,061
1150

Total direct loan obligations .....................................

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 -) ...............................
1210
1231
1251
1261

1290

Outstanding, end of year ..........................................

1,506

959

1,061

6,793
3,288
¥943
¥25

9,164
887
¥1,098
¥32

8,786
738
¥789
¥37

¥106
¥135
¥156
157 ................... ...................
9,164

8,786

8,542

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.
Balance Sheet (in millions of dollars)
Identification code 73–4150–0–3–453

2006 actual

ASSETS:
Federal assets:
1101 Fund balances with Treasury .....................................................
Investments in US securities:
1106 Interest/Accounts Receivables ......................................................
Net value of assets related to post–1991 direct loans receivable:
1401 Direct loans receivable, gross ....................................................
1405 Allowance for subsidy cost (–) ..................................................

2007 actual

Identification code 73–4153–0–3–453

2,797

312

....................

6,793
–1,400

9,164
–1,562

Net present value of assets related to direct loans ..............

5,393

7,602

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2103 Debt ...............................................................................................
2105 Other ..............................................................................................

7,690

10,399

7,685
5

10,392
7

2999

Total liabilities .............................................................................

7,690

10,399

4999

Total liabilities and net position ...............................................

7,690

10,399

1999

2007 actual

Outstanding, end of year ..........................................

2009 est.

22
¥3

19
¥2

¥1
1

¥1
1

19

17

22

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.
Balance Sheet (in millions of dollars)
Identification code 73–4153–0–3–453

f

2008 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
26
1251 Repayments: Repayments and prepayments .................
¥3
Write-offs for default:
1263
Direct loans ...............................................................
¥1
1264
Other adjustments, net (+ or -) ............................... ...................
1290

1,985

1499

Status of Direct Loans (in millions of dollars)

2006 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
1601 Direct loans, net ..........................................................................
1603 Allowance for estimated uncollectible loans and interest (–)
1699

18
26
–3

2007 actual

15
22
–2

Value of assets related to direct loans ...................................

23

20

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2101 Accounts payable .........................................................................
2104 Resources payable to Treasury ...................................................

41

35

2
39

....................
35

2999

Total liabilities .............................................................................

41

35

4999

Total liabilities and net position ...............................................

41

35

DISASTER LOAN FUND LIQUIDATING ACCOUNT
1999
cprice-sewell on PROD1PC71 with BUDGET PAG

Program and Financing (in millions of dollars)
Identification code 73–4153–0–3–453

2007 actual

2008 est.

2009 est.

01.01
01.03

Obligations by program activity:
Interest expense to Treasury ..........................................
Other expenses ...............................................................

1
1

1
2

1
2

10.00

Total new obligations ................................................

2

3

3

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority from offsetting collections
(gross) .......................................................................

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Object Classification (in millions of dollars)
16

14 ...................

16

10

6

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Identification code 73–4153–0–3–453

2007 actual

Direct obligations:
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2008 est.

2009 est.

1118

THE BUDGET FOR FISCAL YEAR 2009

Federal Funds—Continued

1603
1701

DISASTER LOAN FUND LIQUIDATING ACCOUNT—Continued
Object Classification (in millions of dollars)—Continued
Identification code 73–4153–0–3–453

2007 actual

Allowance for estimated uncollectible loans and interest (–)
Defaulted guaranteed loans, gross ............................................

–8
10

–8
10

Total assets ..................................................................................
LIABILITIES:
2104 Federal liabilities: Resources payable to Treasury ...................

5

5

5

5

2999

Total liabilities .............................................................................

5

5

4999

Total liabilities and net position ...............................................

5

5

1999

2008 est.

2009 est.

25.2
43.0

Other services ................................................................
Interest and dividends ...................................................

1
1

2
1

2
1

99.9

Total new obligations ................................................

2

3

3

f

f

ADMINISTRATIVE PROVISIONS—SMALL BUSINESS ADMINISTRATION

POLLUTION CONTROL EQUIPMENT FUND LIQUIDATING ACCOUNT

(INCLUDING TRANSFER OF FUNDS)

Program and Financing (in millions of dollars)
Identification code 73–4147–0–3–376

2007 actual

2008 est.

2009 est.

21.40
22.00
22.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Capital transfer to general fund ...................................

23.90

Total budgetary resources available for obligation

3 ................... ...................

24.40

Unobligated balance carried forward, end of year

3 ................... ...................

3
3
¥3

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................

89.00
90.00

3 ...................
3
1
¥6
¥1

3

3

1

Net budget authority and outlays:
Budget authority ............................................................
3
3
1
Outlays ........................................................................... ................... ................... ...................

Status of Guaranteed Loans (in millions of dollars)
Identification code 73–4147–0–3–376

2007 actual

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
3
2251 Repayments and prepayments ...................................... ...................
2290

2299

Outstanding, end of year ..........................................

2008 est.

2009 est.

3
¥2

3

1
¥1

1 ...................

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................ ................... ................... ...................

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
10
10
10
2361
Write-offs of loans receivable ................................... ................... ................... ...................
2364
Other adjustments, net ............................................. ................... ................... ...................
2390

Outstanding, end of year ......................................

10

10

SEC. 530. 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 610 of this Act and shall not be available for obligation or
expenditure except in compliance with the procedures set forth in
that section.
øSEC. 531. 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 2008.¿
øSEC. 532. (a) Funds made available under section 613 of Public
Law 109–108 (119 Stat. 2338) for Nevada’s Commission on Economic
Development shall be made available to the Nevada Center for Entrepreneurship and Technology (CET).
(b) Funds made available under section 613 of Public Law 109–
108 for the Chattanooga Enterprise Center shall be made available
to the University of Tennessee at Chattanooga.¿
øSEC. 533. Public Law 110–28 (121 Stat. 155) is amended in the
second paragraph of chapter 4 of title IV by inserting before
‘‘$25,000,000’’ the phrase ‘‘up to’’.¿
øSEC. 534. For an additional amount under the heading ‘‘Small
Business Administration, Salaries and Expenses’’, $69,451,000, to remain available until September 30, 2009, shall be for initiatives related to small business development and entrepreneurship, including
programmatic and construction activities: Provided, That amounts
made available under this section shall be provided in accordance
with the terms and conditions as specified in the explanatory statement described in section 4 (in the matter preceding division A of
this consolidated Act).¿ (Financial Services and General Government
Appropriations Act, 2008.)
f

GENERAL FUND RECEIPT ACCOUNTS

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)

(in millions of dollars)
2007 actual

General Fund Offsetting receipts from the public .....................
Identification code 73–4147–0–3–376

cprice-sewell on PROD1PC71 with BUDGET PAG

1101

2006 actual

ASSETS:
Federal assets: Fund balances with Treasury ..........................

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2007 actual

3

Fmt 3616

2008 est.

2009 est.

Offsetting receipts from the public:
73–272130 Disaster Loan Program, Downward Reestimates of Subsidies ............................................................
11
165 ...................
73–272210 Business Loan Program, Negative Subsidies ................... ...................
1
73–272230 Business Loan Program, Downward Reestimates of Subsidies ............................................................
763
578 ...................

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774

743

1