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Source Id
341

SBA’s Guaranty Purchases for Paycheck Protection Program Loans

2024
24-20
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General (OIG) is issuing this Inspection report to assess the Small Business Administration’s (SBA) guaranty purchase process for Paycheck Protection Program (PPP) loans. The Coronavirus Aid, Relief, and Economic Security (CARES) Act established the PPP to provide guaranteed...

SBA’s State Trade Expansion Program

2024
24-19
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 six recommendations from the Office of Inspector General (OIG) audit report SBA’s State Trade Expansion Program (Report 18-11).We initiated this verification...

Evaluation of COVID-19 Economic Injury Disaster Loan Applicants on the U.S. Department of the Treasury’s Do Not Pay List

2024
24-18
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

The OIG is issuing this evaluation to assess whether the U.S. Small Business Administration (SBA) effectively implemented internal controls when using the U.S. Department of the Treasury’s Do Not Pay (DNP) databases to detect and prevent payments of Coronavirus Disease 2019 (COVID-19) Economic...

SBA OIG Spring 2024 - Semiannual Report to Congress

2024
Semiannual Report
Small Business Administration OIG
Small Business Administration

This report details the Office of Inspector General's Spring 2024 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 Loan Program • Procurement Assistance • Agency Management...

7(a) Loan Approval for Borrowers with Unresolved COVID-19 Pandemic Loan Compliance Issues

2024
24-17
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General (OIG) is issuing this Inspection Report to assess the Small Business Administration’s (SBA) process for approving 7(a) loans for borrowers with unresolved pandemic loan compliance issues.From October 1, 2019 through May 8, 2023, SBA approved and disbursed 172,598 7(a)...

Independent Auditors’ Report on SBA’s Fiscal Year 2023 Compliance with the Payment Integrity Information Act of 2019

2024
24-16
Audit
Small Business Administration OIG
Small Business Administration

This independent auditors’ report on the U.S. Small Business Administration’s (SBA) improper payment reporting is required by the Payment Integrity Information Act of 2019. We contracted with the independent certified public accounting firm KPMG LLP to conduct a performance audit of SBA’s fiscal...

SBA’s Handling of Returned COVID-19 Economic Injury Disaster Loan Funds and De-obligations of Approved Loans

2024
24-15
Review
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General (OIG) is issuing this management advisory to present the results of our review of the U.S. Small Business Administration’s (SBA) processing of Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loan (EIDL) funds that were returned to the agency by borrowers...

SBA’s Implementation of the SBIR and STTR Extension Act of 2022

2024
24-14
Audit
Small Business Administration OIG
Small Business Administration

The Small Business Innovation Research (SBIR) program was established under the Small Business Innovation Development Act of 1982 and the Small Business Technology Transfer (STTR) program was established under the Small Business Technology Transfer Act of 1992. These programs encourage domestic...

Hurricanes Fiona and Ian – Initial Disaster Assistance and Recovery Response

2024
24-13
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

The Office of Inspector General (OIG) is issuing this inspection report to present the results of our assessment of the U.S. Small Business Administration’s (SBA) initial response to Hurricanes Fiona and Ian, including staffing adequacy, loan application volume, and timeliness of disaster loan...

Hurricane Idalia – Initial Disaster Assistance and Recovery Response

2024
24-12
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

The Office of Inspector General (OIG) is issuing this inspection report to present the results of our assessment of the U.S. Small Business Administration’s (SBA) initial response to Hurricane Idalia, including staffing, loan application volume, and timeliness of disaster loan approvals.We found SBA...

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