Final - Recovery Program Performance Report
Summary
The SBA Recovery Program Performance Report for September 2010, setting program targets against actual results as of September 30, 2010 for the 7(a), 504, ARC, microloan and surety bond programs funded under the Recovery Act, in a final report for FY 2009/2010. Approved 7(a) loans totaled $16,358,824,135 against a target of $14,400,000,000, with an estimated 603,918 jobs against a target of 509,250. Approved 504 loans totaled $6,236,751,000 against $5,500,000,000, ARC loans $286,647,660 against $335,000,000, and surety bid bonds issued $518,000,000 against $114,000,000. Microlenders had approved $11,783,385 in loans against a target of $32,300,000, and 7(a) loans assisted 53,488 small businesses against a target of 42,500.
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Final - Recovery
Program Performance Report
September 2010
FY 2009/2010
Recovery – Program Performance Report
Actual as of
Program Metric Program Target September 30, 2010
7(a) Recovery Loans Approved, ($)1 $14,400,000,000 $16,358,824,135
Small Businesses Assisted 42,500 53,488
Jobs Supported*, Estimated 2
509,250 603,918
504 Recovery Loans Approved, ($) $5,500,000,000 $6,236,751,000
1
Small Businesses Assisted 9,300 10,593
Jobs Created/ Retained, Estimated 109,250 114,536
2
ARC Loans Approved ($) $335,000,000 $286,647,660
Small Businesses Assisted 11,100 8,869
Jobs Created/ Retained, Estimated 55,500 64,053
Microloans
3
Loans Approved by Microlenders ($) $32,300,000 $11,783,385
Small Businesses Assisted 2,770 984
Clients Counseled 2,770 4,884
Jobs Created/Retained, Estimated 2 9,800 2,824
Surety Bonds Bid Bonds Issued Over $2M, $ $114,000,000 $518,000,000
Final Bonds Issued Over $2M, $ $33,000,000 $145,410,000
Jobs Created/ Retained, Estimated 220 624
4
Footnotes :
Recovery loans include loans funded by 1 This is the total gross loan value approved. Typically, due to cancellations and
the Recovery Act and subsequent loan size reductions, 15 – 20% of gross approval s are not disbursed. Funding
associated with cancelled loans is made available to approve new loans.
extensions 2 Data is self-reported by the borrower and appears in the SBA loan application
form.
3 Microlenders have two years from date of their loan approval to make loans to
Microborrowers.
4 Data is calculated using historical ratios.
* Jobs created/retained was changed to better reflect how businesses report
jobs; this change does not affect comparability with prior numbers
2
FY 2009/2010
Recovery – Program Performance Report
Percent* of Recovery Program Targets Achieved as of September 30, 2010
Jobs Created/ Retained, Estimated2 105% 3
Jobs Created/ Retained, Estimated 284%
504 Small Businesses Assisted 114%
Surety Bonds
Final Bonds Issued Over $2M, $ 441%
Recovery Loans Approved, ($) 1 113%
2
Jobs Supported*, Estimated 119%
Bid Bonds Issued Over $2M, $ 454%
7(a) Small Businesses Assisted 126%
0% 50% 100% 150% 200% 250% 300% 350% 400% 450% 500%
GOAL
1
Recovery Loans Approved, ($) 114%
* The Recovery Act period was from February 17, 2009 to
0% 20% 40% 60% 80% 100% 120% 140% 160%
September 30, 2010. However, certain programs were not
GOAL
available until a later date. The program start dates were:
• 7(a) & 504: February 17th, 2009
Jobs Created/ Retained, Estimated 2 115%
• Surety Bid Bonds: March 27th, 2009
ARC Small Businesses Assisted 80% • Surety Final Bonds: June 27th, 2009
• Companies use bid bonds when they bid on contracts
Loans Approved ($) 86%
and use final bonds for contracts awarded. As a result,
issuance of Final bonds lag Bid bonds.
0% 20% 40% 60% 80% 100% 120%
GOAL • ARC : June 15th, 2009
• Microloans: July 31st, 2009
Jobs Created/Retained, Estimated 2 29%
Microloans
Clients Counseled 176% Footnotes :
1 This is the total gross loan value approved. Typically, due to cancellations and
Small Businesses Assisted 36% loan size reductions, 15 – 20% of gross approval value does not get disbursed.
2 Data is self-reported by the borrower and appears in the SBA loan application
Loans Approved by Microlenders ($) 36% form.
3 Data is calculated using historical ratios. The surety bond application form is
0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200%
being revised to collect this information from the applicant.
GOAL
3
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