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State Small Business Credit Initiative (SSBCI) (Hardcover)
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State Small Business Credit Initiative (SSBCI) (Hardcover)
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The SSBCI provides funding to states, territories, and eligible
municipalities to expand existing or to create new state small
business investment programs, including state capital access
programs, collateral support programs, loan participation programs,
loan guarantee programs, and venture capital programs. This book
examines the SSBCI and its implementation, including Treasury's
response to initial program audits conducted by the U.S. Government
Accountability Office and Treasury's Office of Inspector General.
These audits suggested that SSBCI participants were generally
complying with the statute's requirements, but that some compliance
problems existed, in that, the Treasury's oversight of the program
could be improved; and performance measures were needed to assess
the program's efficacy.
General
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