Small Business Administration

The Office of Inspector General (OIG) is issuing this evaluation report to assess the U.S. Small Business Administration’s process for awarding Small Business Investment Company (SBIC) licenses and its oversight of SBICs to ensure program integrity and mitigate financial loss. Our scope of work...

The Office of Inspector General (OIG) is issuing this evaluation report to assess SBA’s screening of 7(a) loan applications under its Risk Mitigation Framework. Our scope covered 7(a) loans approved and disbursed from August 1, 2023, to December 31, 2024, for which SBA used the framework to...

On January 21, 2026, we issued the financial statements audit report ( Report 26-03 ) performed by the independent certified public accounting firm KPMG LLP. The auditors issued a disclaimer of opinion on the consolidated balance sheet as of September 30, 2025. During that audit, KPMG identified and...

This report presents the results of our verification inspection of the U.S. Small Business Administration’s (SBA) corrective actions for the recommendations from the Office of Inspector General (OIG) Audit of SBA’s Desktop Loss Verification Process ( Report 19-23). A verification inspection is a...

The Office of Inspector General (OIG) is issuing this inspection report to determine whether the SBDC met financial, programmatic, and performance requirements as prescribed in the terms and conditions of the cooperative agreement. The Small Business Administration (SBA) is authorized to make grants...

The U.S. Small Business Administration (SBA) Office of Inspector General contracted with the independent certified public accounting firm KPMG LLP to conduct an audit of SBA’s consolidated balance sheet as of September 30, 2025 and the related notes. KPMG was not engaged to audit the consolidated...

The Office of Inspector General is issuing this report to assess the U.S. Small Business Administration’s initial response to severe storms in Missouri and Kentucky, including staffing, customer service response, outreach, volume of loan applications, and timeliness of loan approvals. We found that...

This report represents our current assessment of the U.S. Small Business Administration's programs and activities that pose significant risks, including those that are particularly vulnerable to fraud, waste, error, mismanagement, or inefficiencies. The Challenges are not presented in order of...

This report details the Office of Inspector General's Fall 2025 - Semiannual Report to Congress. The following topics are included: Overview of the SBA and the OIG Summary of OIG Oversight Work Small Business Access to Capital Disaster Assistance Program Contracting and Counseling Programs Agency...

Over the last 5 years, the U.S. Small Business Administration’s (SBA) has been unable to pass a financial audit, receiving disclaimers of opinion year after year. The independent public auditor has been unable to offer an opinion on the financial state of SBA because it has not received sufficient...