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

By Office of Inspector General

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.

• Format: Paperback
• Language: English
• ISBN: 150337663X
• ISBN13: 9781503376632
• Release Date: January 2015
• Publisher: Createspace Independent Publishing Platform
• Length: 26 Pages
• Weight: 0.19 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"