| State Small Business Credit Initiative: Idaho's Use of Federal Funds for its Collateral Support Program Contributor(s): Office of Inspector General (Author) |
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ISBN: 150337663X ISBN-13: 9781503376632 Publisher: Createspace Independent Publishing Platform OUR PRICE: $15.19 Product Type: Paperback Published: January 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Small Business - General |
| Physical Information: 0.05" H x 8.5" W x 11.02" (0.19 lbs) 26 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |