TAILIEUCHUNG - State Small Business Credit Initiative FY 2013 President’s Budget Submission

These differences are likely to stem from three important variations in user-side data on the use of financial services. First, the definition of an account varies across surveys and respondents are often prompted in different ways. The Global Findex survey defines an account as an individual or joint account at a formal financial institution (a bank, credit union, cooperative, post office, or microfi- nance institution) and notes in the question text that an account can be used to save money, to make or receive payments, or to receive wages and remittances. It also includes those who report having a debit or. | State Small Business Credit Initiative FY 2013 President s Budget Submission SSBCI - 1 Table of Contents Section 1 - 1A - Mission - Resource Detail 1B - Mission Priorities and Section 2 - Budget Adjustments and Appropriation - Operating Levels 2A - Enacting 2B - Legislative Section 3 - Budget and Performance 3A - State Small Business Credit Initiative - State Small Business Credit Initiative Program Budget and Performance 3B - State Small Business Credit Initiative - State Small Business Credit Initiative Administration Budget and Performance Plan . 8 Section 4 - Supplemental 4A - Capital Investment SSBCI - 2 Section 1 - Purpose 1A - Mission Statement To increase the availability of credit for small business to generate jobs and other economic development benefits for states Treasury has implemented the State Small Business Credit Initiative. - Resource Detail Table Dollars in thousands FY 2011 FY 2012 FY 2012 Change FY 2012 Actual Estimated Estimated to FY 2013 FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT Budgetary Resources 25 267 Unobligated balances Start of year 1 500 000 235 707 .Total Budgetary Resources -1 500 000 235 707 Available 1 500 000 235 707 25 267 Expenses Obligations SSBCI Program SSBCI Administration 5 1 258 900 5 393 12 204 210 6 230 12 6 629 Total Expenses Obligations 5 1 264 293 12 210 440 12 6 629 1B - Mission Priorities and Context The SSBCI was created to fund new and existing state programs that support lending to small business in order to stimulate economic growth and new jobs. Under the SSBCI participating states use the federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy but are not getting the loans they need to expand and create jobs. The .

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