Fiscal Year 2016: Not available. Fiscal Year 2017: Not available. Fiscal Year 2018: Not available.

Uses and Use Restrictions

To construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital.

Eligibility Requirements

Applicant Eligibility

A small business is eligible, which is independently owned and operated and not dominant in its field.

They also need to meet the SBA size standards.

Beneficiary Eligibility

Small businesses, including those owned by low-income and handicapped individuals located in high unemployment areas.

Credentials/Documentation

Statement of personal history, personal financial statement, company financial statements, summary of collateral and a resume. Loan must be of such sound value or so secured as to reasonably assure repayment. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Applications for guarantees are submitted by the participating lender to SBA electronically.

Award Procedures

SBA provides approval notification to participating lender who provides a commitment letter and loan to the applicant.

Deadlines

Not Applicable.

Authorization

Small Business Act, Section 7(a)(16) (15 U.S.C. 636(a)(16)), Public Law 97-35.

Range of Approval/Disapproval Time

From 1 to 10 days from date of receipt of a complete application, depending on type of loan and type of lender program.

Appeals

If re-consideration is requested within 6 months after decline or withdrawal, no new application is required.

Renewals

Additional information available on SBA's website at www.sba.gov.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Information available at www.sba.gov. See the following for information on how assistance is awarded/released: Information is available at www.sba.gov.

Post Assistance Requirements

Reports

Please see Program Performance Reports at SBA's website at https://www.sba.gov/about-sba/sba-performance/performance-budget-finance/small-business-administration-sba-loan-program-performance.

Information available at www.sba.gov.

See information at www.sba.gov.

Additional information available on SBA's website at www.sba.gov.

Information available at www.sba.gov.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. When necessary on a case-by-case basis.

Records

Adequate accounting system.

Financial Information

Account Identification

73-1154-0-1-376.

Obigations

(Guaranteed/Insured Loans) FY 16 Not Separately Identifiable; FY 17 est $0; and FY 18 est $0 - N/A.

Range and Average of Financial Assistance

Additional information available on SBA's website at www.sba.gov.

Regulations, Guidelines, and Literature

SBA Business Loans from the SBA.

Information Contacts

Regional or Local Office

See Regional Agency Offices. For reference to the U.S. Export Assistance Centers, see Service Centers in Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration.

Headquarters Office

Robert Carpenter 409 3rd St., SW 8th Floor, Washington, District of Columbia 20416 Email: Robert.Carpenter@sba.gov Phone: 202-205-7654

Criteria for Selecting Proposals

Not Applicable.