The House FY2021 appropriations bills have passed out of the House Appropriations Committee. A full House vote is the next stop. Senate appropriators have delayed bill markups over fears that the Senate would be drawn to copy the House and add billions of dollars in emergency supplemental appropriations.
Below are the proposed funding levels for small business programs at Treasury, SBA, and USDA. Please note that every SBA program that CAMEO asked for an increase in got one. Thanks to Madison Services Group for working hard on appropriations on behalf of our sector.
U.S. Department of Treasury– Financial Services and General Government Appropriations
| Program | FY2020 Final Funding Levels | FY2021 CAMEO Requests | FY2021 House | FY2021 Senate |
| Treasury CDFI Fund | $262 million | $304 million | $273.5 million | TBD |
| Treasury CDFI BGP | $500 million | $70 million | $500 million | TBD |
U.S. Small Business Administration– Financial Services and General Government Appropriations
| Program | FY2020 Final Funding Levels | FY2021 CAMEO Requests | FY2021 House | FY2021 Senate |
| Microloan Program: Lending | $43 million | $46 million | $55 million | TBD |
| Microloan Program: TA | $34.5 million | $34.5 million | $35 million | TBD |
| PRIME | $5.5 million | $10 million | $7 million | TBD |
| Women’s Business Centers | $22.5 million | $30 million | $24.5 million | TBD |
| Small Business Development Centers | $135 million | $150 million | $140 million | TBD |
| Veterans Business Outreach Centers | $14 million | $14 million | $14.5 million | TBD |
U.S. Department of Agriculture– Agriculture, Rural Development and FDA Appropriations
| Program | FY2020 Final Funding Levels | FY2021 CAMEO Requests | FY2021 House | FY2021 Senate |
| Rural Business Development Grants (RBDG) | $37 million | $38 million | $37 million | TBD |
| Rural Microentrepreneur Assistance Program (RMAP) | $6 million | $6 million | $6 million | TBD |
| Intermediary Relending Program | $18.88 million | $21 million | $18.88 million | TBD |
| Value-Added Producer Grants | $12 million | $19 million | $12 million | TBD |
Important directives/language from FSGG bill report
Microlending.—The Committee recommends a total of $175,150,000 for the Business Loans Program Account. The recommendation includes $15,000,000 for guaranteed loans subsidy for the 7(a) program. The recommendation also includes $5,000,000 for loans subsidy for the Microloan Program, an increase of $1,000,000 above the request, to support a Microloan Program level of more than $55,000,000. In addition, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (P.L. 116–136) included $17,000,000,000 and the Paycheck Protection Program and Healthcare Enhancement Act (P.L. 116–139) included $670,335,000,000 to prevent, prepare for, and respond to coronavirus, domestically or internationally.
Microloan Program.—The Microloan Program is designed to as- sist women, veterans, minorities, and low-income entrepreneurs and other small businesses by providing them with small-scale loans for working capital or the acquisition of materials, supplies, or equipment. While the Committee understands that SBA tracks the number of women, low-income, veteran, and minority entrepreneurs served by the Microloan Program, the Agency does not re- port performance indicators for providing microloans to these populations. The Committee, therefore, encourages the SBA to follow recommendations provided in the GAO Report (GAO–20–49) in order to strengthen performance measurement, collaboration, and reporting within the Microloan Program.
Women Entrepreneurs and Women-Owned Businesses.—The Committee recognizes that women entrepreneurs are vital for the social and economic growth of our nation. SBA is directed to submit a re- port within 90 days of enactment of this Act on how Federal agencies are providing targeted assistance to support, expand, and strengthen resources and programs for women entrepreneurs and for women-owned businesses.
The Committee encourages SBA and its resource partners to continue efforts to increase outreach and direct support to women entrepreneurs and small businesses in underserved communities, including Asian American and Pacific Islander communities, and to increase engagement with minority serving institutions in their programming and grant making.
Bill Information
Financial Services and General Government Appropriations
- Bill text
- CDFI Fund: page 11
- CDFI BGP: page 14
- Microloan program lending: page 103
- Microloan TA: page 13
- Bill report text
- Microloan program lending: page 101
- Microloan TA: page 98
- PRIME: page 98
- Veteran Business Outreach Centers: page 99
Agriculture, Rural Development, Food and Drug Administration, and Related Agencies
- Bill text
- Rural Microentrepreneur Assistance Program: page 46
- Intermediary Relending Program: page 44
- Bill report text
- Rural Business Development Grants: page 61
- Value-Added Producer Grants: page 62