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SMALL BUSINESS ADMINISTRATION 2006 Discretionary Budget Authority
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SMALL BUSINESS ADMINISTRATION 2006 Discretionary Budget Authority
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In a nutshell, the majority of control systems (budgets, information management systems and accounting and financial systems) are management systems that compile information on specific aspects of the organisation’s performance and release them to the organisation members, although, in order to do this, attention has to be paid to which systems each organisation has to use and how it has to do so (Camman and Nadler, 1977). According to Kaplan (1991), the management control system makes it possible to adapt to changes in the environment, provides feedback in the performances, makes it possible to evaluate the profit of the products. | AUTHENTICATED U.S. GOVERNMENT INFORMATION s GPO. SMALL BUSINESS ADMINISTRATION AT A GLANCE 2006 Discretionary Budget Authority 593 million Decrease from 2005 3 percent Major Programs Small Business Loans Small Business Development Centers Disaster Loans MEETING PRESIDENTIAL GOALS Promoting Economic Opportunity and Ownership Guaranteeing small business loans in 2006 through the 7 a program. Providing fixed-rate loans for land equipment and buildings through the Section 504 program. Assisting and training approximately 700 000 entrepreneurs in 2006 through Small Business Development Centers. Helping more than 410 000 business owners receive counseling and mentoring from business executives under the SCORE program. Streamlining Federal regulations and reducing paperwork burdens reducing the growth of regulatory costs for small businesses by nearly 6 billion. Supporting a Compassionate Society Issuing approximately 25 000 low-interest loans to businesses and homeowners under the Disaster Loan program to cover uninsured losses resulting from natural disasters. 309 310 SMALL BUSINESS ADMINISTRATION PROMOTING ECONOMIC OPPORTUNITY AND OWNERSHIP Small businesses account for more than half of existing private sector jobs two-thirds of net new private sector jobs and more than half of the United States Gross Domestic Product. The Small Business Administration s SBA s mission is to promote small business development and entrepreneurship through business credit and technical assistance programs. In addition SBA works with other Federal agencies to reduce regulatory and paperwork burdens. In order to meet the demand of the growing small business sector the Budget supports more than 25 billion in small business lending. The 7 a program which received an Adequate rating under the Program Assessment Rating Tool is being increased to support 16.5 billion in guaranteed loan volume in 2006 the largest level in the history of the program. This will provide financing to entrepreneurs .
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