Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees

Thumbnail image of item number 1 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 2 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 3 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 4 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Showing 1-4 of 40 pages in this report.

PDF Version Also Available for Download.

Description

A letter report issued by the Government Accountability Office with an abstract that begins "Analysis of guaranteed loans to franchisees of a select franchise organization reviewed by GAO, approved from January 1, 2000, to December 31, 2011, showed the Small Business Administration (SBA) approved a total of about $38.4 million for 170 loans made by 54 lenders. SBA's guaranteed portion on these loans was approximately $28.8 million. Of the total population of 170 loans, 74 loans defaulted, 55 of which (74 percent) originated from four lenders that had the highest loan volume and default rates on loans to the franchisees. ... continued below

Creation Information

United States. Government Accountability Office. September 10, 2013.

Context

This report is part of the collection entitled: Government Accountability Office Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.


Mapped
Search

Who

People and organizations associated with either the creation of this report or its content.

Author

Publisher

Provided By

UNT Libraries Government Documents Department

Serving as both a federal and a state depository library, the UNT Libraries Government Documents Department maintains millions of items in a variety of formats. The department is a member of the FDLP Content Partnerships Program and an Affiliated Archive of the National Archives.

About | Browse this Partner

Contact Us

Corrections Questions

What

Descriptive information to help identify this report. Follow the links below to find similar items on the Digital Library.

Description

A letter report issued by the Government Accountability Office with an abstract that begins "Analysis of guaranteed loans to franchisees of a select franchise organization reviewed by GAO, approved from January 1, 2000, to December 31, 2011, showed the Small Business Administration (SBA) approved a total of about $38.4 million for 170 loans made by 54 lenders. SBA's guaranteed portion on these loans was approximately $28.8 million. Of the total population of 170 loans, 74 loans defaulted, 55 of which (74 percent) originated from four lenders that had the highest loan volume and default rates on loans to the franchisees. SBA made guarantee payments of around $11 million on the defaulted loans to franchisees, including about $8.5 million in guarantee payments on the 55 defaulted loans from these four lenders. Of the 88 loans reviewed from the four lenders, 55 (63 percent) defaulted. In comparison, 19 of the 82 loans (23 percent) that originated at the other 50 lenders to the franchisees defaulted. As part of GAO's investigative work, GAO interviewed the owners of 22 franchisees of the franchise organization in GAO's review, of which 16 defaulted on their loans and 10 filed for bankruptcy protection. Interviewed franchisees noted difficulties meeting anticipated revenue estimates and limited access to information that would aid in business planning."

Language

Item Type

Identifier

Unique identifying numbers for this report in the Digital Library or other systems.

Collections

This report is part of the following collection of related materials.

Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

About | Browse this Collection

What responsibilities do I have when using this report?

Digital Files

When

Dates and time periods associated with this report.

Creation Date

  • September 10, 2013

Added to The UNT Digital Library

  • June 12, 2014, 7:50 p.m.

Usage Statistics

When was this report last used?

Yesterday: 0
Past 30 days: 0
Total Uses: 3
More Statistics

Where

Geographical information about where this report originated or about its content.

Place Name

Publication Place

Map Information

  • map marker Automatically generated Place Name coordinates.
  • map marker Automatically generated Publication Place coordinates.
  • Repositioning map may be required for optimal printing.

Mapped Locations

Interact With This Report

Here are some suggestions for what to do next.

Start Reading

Thumbnail image of item number 1 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 2 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 3 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.
Thumbnail image of item number 4 in: 'Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees'.

PDF Version Also Available for Download.

Citations, Rights, Re-Use

United States. Government Accountability Office. Small Business Administration: Review of 7(a) Guaranteed Loans to Select Franchisees, report, September 10, 2013; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc296958/: accessed August 20, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.