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SMALL BUSINESS ADMINISTRATION Since 2001, the Administration: • Provided record numbers and volumes of Government-guaranteed small-business loans ( 105 billion through 2006) and improved customer service, while reducing the per-unit cost of loans from 3,418 in 2001 to 461 in 2006 • Provided 13.7 billion of direct disaster loans to over 290,000 businesses, homeowners, and renters through 2006 • Delivered tax relief averaging 3,641 to 25 million small businesses in 2006 and • Offered trade promotion services that help small businesses start exporting their products to destinations around the world.. The President’s 2008 Budget: • Provides 28 billion in Government-backed small business loans for 2008 • Helps small businesses get needed capital by eliminating the upfront borrower fee under the Section 504 Certified Development Company program • Proposes to make the Microloan program self-financing and • Continues operational improvements to accelerate the delivery of disaster loans, including deployment of an Internet-based application process for small business..
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