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State Small Business Credit Initiative

State Small Business Credit Initiative Idaho's Use of Federal Funds for Its Collateral Support Program

Paperback (03 Jan 2015)

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Publisher's Synopsis

We determined that Idaho appropriately used the $9.6 million in SSBCI funds that we tested. However, $1.3 million10 financed bridge loans to businesses approved for Small Business Administration (SBA) CDC/504 loan program. Because the SSBCI-supported loans provided interim financing until the SBA loans could be secured, the transactions were permissible under SSBCI Policy Guidelines. However, Treasury's reporting of estimated jobs created or retained as a result of the interim SSBCI loans may duplicate data reported by the SBA loan program.

Book information

ISBN: 9781503376632
Publisher: Createspace
Imprint: Createspace
Pub date:
Language: English
Number of pages: 26
Weight: 86g
Height: 279mm
Width: 216mm
Spine width: 1mm