Small Business Administration

This report updates Congress on progress made by the U.S. Small Business Administration (SBA) on the 39 open pandemic-related recommendations referenced in Office of Inspector General (OIG) Report 23-09, COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape. Over the course of the Coronavirus Disease...

The Office of Inspector General (OIG) is issuing this report to show those recommendations from U.S. Small Business Administration (SBA) Office of Inspector General (OIG) reports that remained open as of December 31, 2024. As of that date, there were 166 open OIG recommendations. SBA provided...

The Office of Inspector General (OIG) is issuing this Evaluation report to assess the Small Business Administration’s process for awarding Small Business Lending Company (SBLC) licenses and its compliance with licensing procedures. An SBLC is a non-depository lending institution that is licensed and...

The Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding SBA’s use of hold codes for potentially fraudulent Paycheck Protection Program (PPP) loans referred by lenders. Opportunities exist for SBA to enhance its handling of lender-referred...

The Office of Inspector General (OIG) is issuing this inspection report to determine whether data sharing between the Employment and Training Administration and the U.S. Small Business Administration (SBA) could mitigate the risk of fraudulent unemployment insurance benefit payments and SBA disaster...

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

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...

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...

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...

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...