U.S. Small Business Administration Congressional Submission, Fiscal Year 2008 Performance Budget

摘要

The SBAs total budget request for FY 2008 is $464 million in new Budget Authority. This represents an increase above the Agencys enacted level in FY 2006 of five percent, excluding the Disaster program and Congressional initiatives. The Agency requests that the Disaster program be funded out of carryover balances from the $1.7 billion in supplemental funding received in FY 2006. This funding is projected to be sufficient to provide both loan subsidy and administrative expenses through FY 2008, barring any extraordinary disasters. The resources requested will support a total of $28 billion in small business financing, which represents a 40 percent increase over business lending for FY 2006, through the 7(a), 504, and SBIC debentures programs. For its flagship 7(a) program, SBA requests $17.5 billion a 27 percent increase over the FY 2006 lending. SBA also requests $7.5 billion for the 504 program, a 32 percent increase over loans made in FY 2006 a record year for 504 lending. Finally, SBA requests an SBIC Debenture program of $3 billion. In addition, this budget will support the following critical activities: A Disaster loan volume of $1.064 billion in direct lending (the Agencys ten-year average based upon FY 1996-005 normalized activity, adjusted for inflation); Counseling and training to small business people through SBAs network of resource partners in Small Business Development Centers (SBDC), SCORE, and Womens Business Centers; Targeting a total of $85 billion in prime federal contracting dollars to be awarded to small businesses in FY 2008; Investment in the Agencys human capital through job skills training, mentoring programs, succession planning, proactive recruitment of highly qualified staff, and implementation of an automated personnel records system; Maintaining employee security through continued implementation of Homeland Security Protocol Directive No. 12 and support of major security improvements in the headquarters building.