SBA Security Purchases
| $368M Disbursed |
| $368M Returned |
| $8.6M Revenue to Gov't |
| $8.6M Profit |
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These purchases of Small Business Administration-guaranteed securities were part of the Small Business and Community Lending Initiative, a pilot program designed to increase the flow of credit to small businesses.
Events
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$368M Payback
Jan. 24, 2012 Proceeds
The government's investment was repaid via a variety of sources: disposition proceeds, principal received, interest received, and senior security proceeds (excluding accruals).
More info from www.treasury.gov -
$8.6M Revenue
Jan. 24, 2012 Proceeds
This is an aggregate of all proceeds for this program over and above the amount of government funds that were invested. The number includes life-to-date disposition proceeds, life-to-date principal received, life-to-date interest received, and senior security proceeds (excluding accruals).
More info from www.treasury.gov -
$368M Bailout
Sep. 28, 2010 SBA Security Purchase
This number is the total invested through the SBA 7a Securities Purchase Program. The purchases started 3/19/10 and went through 9/28/10.
More info from www.treasury.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 01/24/2012 | Proceeds | $8,602,850 | SBCLI | Proceeds |
| 01/24/2012 | Revenue | $368,145,452 | SBCLI | Proceeds |
| 09/28/2010 | Purchase | $368,145,452 | SBCLI | SBA Security Purchase |
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