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{ "item_title" : "State Small Business Credit Initiative", "item_author" : [" Office of Inspector General "], "item_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.", "item_img_path" : "https://covers1.booksamillion.com/covers/bam/1/50/337/663/150337663X_b.jpg", "price_data" : { "retail_price" : "15.99", "online_price" : "15.99", "our_price" : "15.99", "club_price" : "15.99", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
State Small Business Credit Initiative|Office of Inspector General

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

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Overview

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.

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Details

  • ISBN-13: 9781503376632
  • ISBN-10: 150337663X
  • Publisher: Createspace Independent Publishing Platform
  • Publish Date: January 2015
  • Dimensions: 11.02 x 8.5 x 0.05 inches
  • Shipping Weight: 0.19 pounds
  • Page Count: 26

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