Award Procedure: Applicant is notified by authorization letter from the District SBA Office, or participating bank. Deadlines: None. Range of Approval/Disapproval Time: From 1 to 10 days from date of application acceptance, depending on type of loan and type of lender program. Appeals: If a reconsideration is requested within 6 months after decline or withdrawal, no new application is required. Renewals: Not applicable. POST ASSISTANCE REQUIREMENTS: Reports: Periodic financial statement. Audits: When necessary, on a case-by-case basis. Records: Adequate accounting system. FINANCIAL INFORMATION: Account Identification: 73-1154-0-1-376. Obligations: (Loans) FY 99 $8,998,224,000 (Guarantee); FY 00 est $10,000,000,000 (Guarantee); and FY 01 est $9,000,000,000 (Guarantee). Range and Average of Financial Assistance: Guarantee Loans: Up to $500,000; $226,521. PROGAM ACCOMPLISHMENTS: 97 In fiscal year 1999, 38,974 loans were Guaranteed for $9,000,000,000. REGULATIONS, GUIDELINES, AND LITERATURE: "SBA Business Loans from the SBA," OPC-6. INFORMATION CONTACTS: Regional or Local Office: Initial contact should be with the District Offices Locate your local SBA office. Headquarters Office: Director, Loan Policy and Procedures Branch, Small Business Administration, 409 Third Street, SW., Washington, DC 20416. Telephone: (202) 205-6570. Use the same number for FTS. Web Site Address: http://www.sba.gov.
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