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Source Id
341

Independent Auditors’ Report on SBA’s Fiscal Year 2024 Financial Statements

2025
25-05
Audit
Small Business Administration OIG
Small Business Administration

The U.S. Small Business Administration (SBA) Office of Inspector General (OIG) contracted with the independent certified public accounting firm KPMG LLP to conduct an audit of SBA’s consolidated balance sheets as of September 30, 2024 and 2023 and the related notes to these statements. Our contract...

SBA’s Oversight of Non-Bank Lenders and Third-Party Service Providers Associated with PPP Loans

2025
25-04
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

Over 5,300 lenders, including bank and non-bank lenders, participated in the Paycheck Protection Program (PPP), an $813.7 billion program that provided forgivable loans to eligible borrowers. The primary distinction between the two is that non-bank lenders are not federally regulated. Both were...

Approved Disaster Assistance Loans Matching COVID‐19 EIDLs and PPP Loans with Fraud Hold Codes

2025
25-03
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General is issuing this evaluation report to determine whether the U.S. Small Business Administration (SBA) approved disaster loan applications with related Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) or Paycheck Protection Program (PPP) loans...

Verification Inspection of SBA’s 504 Loan Liquidation Process

2025
25-02
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

This report presents the results of our verification inspection of the U.S. Small Business Administration’s (SBA) corrective actions for the two recommendations from the Office of Inspector General (OIG) audit report SBA’s 504 Loan Liquidation Process (Report 16-23). SBA’s 504 Certified Development...

Report on the Most Serious Management and Performance Challenges by Office of Inspector General FY2025

2025
25-01
Top Management Challenges
Small Business Administration OIG
Small Business Administration
Pandemic

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...

SBA’s Oversight of the Community Navigator Pilot Program Performance

2024
24-25
Audit
Small Business Administration OIG
Small Business Administration

This report presents the results of our audit of the U.S. Small Business Administration’s (SBA) oversight of the Community Navigator Pilot Program (Navigator program). The American Rescue Plan Act of 2021 established the Navigator program and authorized $100 million to provide technical assistance...

Verification Inspection of SBA’s Microloan Program

2024
24-24
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

This report presents the results of our verification inspection of the U.S. Small Business Administration’s (SBA) corrective actions for the four recommendations from the Office of Inspector General audit report SBA’s Microloan Program (Report 17-19).The U.S. Small Business Administration’s...

SBA’s Oversight of HUBZone Program Participants’ Continuing Eligibility

2024
24-23
Audit
Small Business Administration OIG
Small Business Administration

This U.S. Small Business Administration Office of Inspector General (SBA OIG) report presents the results of our audit of the U.S. Small Business Administration’s (SBA) oversight of the Historically Underutilized Business Zone (HUBZone) program. The program provides small businesses that are located...

SBA’s Processing of COVID-19 Economic Injury Disaster Loan Reconsideration Requests

2024
24-22
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General is issuing this inspection report to assess the U.S. Small Business Administration’s (SBA) processing of Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) reconsideration requests.SBA began accepting COVID-19 EIDL applications on March 12, 2020...

Improvements Needed in SBA’s Shuttered Venue Operators Grant Post-Award Review Process

2024
24-21
Audit
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding the U.S. Small Business Administration’s (SBA) post-award review process to monitor Shuttered Venue Operators Grant (SVOG) award recipients’ eligibility, award calculation, and use of...

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