STUDY AND DATA BASE: GUARANTEED BUSINESS LOAN PRO-GRAM AND DEVELOPMENT COMPANY PROGRAM.

SEC. 606. STUDY AND DATA BASE: GUARANTEED BUSINESS LOAN PRO-GRAM AND DEVELOPMENT COMPANY PROGRAM. (a) Study Authorized.—The Administration shall conduct a study of— (1) the Guaranteed Business Loan program under section 7(a) of the Small Business Act; and (2) the Development Company program under sections 502, 503, and 504 of the Small Business Investment Act of 1958. (b) Evaluation.—For purposes of the study conducted under subsection (a), the Administration shall evaluate the performance of the programs described in paragraphs (1) and (2) of subsection (a), using data from the most recent 4-year period. Such evaluation shall focus on the following factors: (1) The number, dollar amount, and average size of the loans or financings under each program. (2) The number, dollar amount, and average size of the loans or financings made to woman-owned and minority-owned businesses under each program. (3) The geographic distribution of the loans or financings under each program. (4) The jobs created or maintained attributable to the loans or financings under each program. (5) The number, dollar amount, and average size of the loans or financings on which borrowers defaulted under each program. (6) The amounts recovered by the Administration after default, foreclosure, or otherwise under each program. (7) The number of companies which are no longer in business despite receiving the loans or financings under each program. (8) The taxes paid by businesses which received the loans or financings under each program. (9) Such other information as the Administration determines to be appropriate for a complete evaluation of each program. 108 STAT. 4204 (c) Contracting With Independent Entities.—In carrying out subsections (a) and (b), the Administration may contract with an independent entity or entities— (1) to conduct the study pursuant to subsection (a); and (2) to develop a database of information to enable the Administration to maintain and access, on an ongoing basis, current information relating to the factors set forth in subsection (b). (d) Date.—The study authorized by subsection (a) shall be completed not later than September 30,1995.