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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
Program Assessment

Program

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Disaster Loan Program

The Disaster Loan program provides low interest loans to businesses and homeowners to cover the uninsured recovery costs resulting from disasters. In 2007, the Small Business Administration approved more than $819 million in loans as a result of disasters.

Rating

What This Rating Means

PERFORMING
Effective

This is the highest rating a program can achieve. Programs rated Effective set ambitious goals, achieve results, are well-managed and improve efficiency.
  • The program complements rather than duplicates other disaster assistance programs.
  • At the time of the original PART review, SBA lacked reliable credit models for measuring the Federal government's costs. The agency developed a new, loan-level credit subsidy model that more accurately predicts taxpayer costs.
  • Loan-making costs, due to fraud prevention and the requirement to deploy staff to the disaster area, are high.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Deploying a new, integrated loan management system that eventually should reduce administrative costs by allowing data to be shared electronically and by eliminating paperwork.

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