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Program Assessment
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ProgramView Assessment Details |
Section 7(a) Guaranteed Loan ProgramThe 7(a) General Business loan program provides guarantees financing to small businesses that cannot obtain credit on reasonable terms from other sources. In 2006, the program guaranteed $13.4 billion in loans to approximately 90,000 borrowers. |
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RatingWhat This Rating Means |
In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
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Improvement PlanAbout Improvement Plans |
We are taking the following actions to improve the performance of the program:
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