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CED-81-25 1 (1981-02-02)

handle is hein.gao/gaobabbmg0001 and id is 1 raw text is: 
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11 1,6l'7


BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES


SBA's Pilot Programs To Improve

Guaranty Loan Procedures Need

Further Development


The Small Business Administration is testing
two pilot programs to expedite application
for, review, and approval of 7(a) guaranty
loans. Although these programs are directed
to the problems which are most troublesome
to small businesses and lenders, GAO believes
they need additional work to be fully effec-
tive.

One program addresses the problems of
slowness in obtaining a guaranty loan but
does little to expand participation among
lenders and does not provide for monitoring
of certified banks' performance. The other
program has shortened  loan  application
and review time in one SBA region but has
not yet been adopted agencywide.


114238


      CED-81-25
FEBRUARY 2, 1981

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