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Source Id
341

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...

Maui Wildfires – Initial Disaster Assistance and Recovery Response

2024
24-11
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 the Maui wildfire disaster, including staffing, loan application volume, and timeliness of disaster loan approvals...

SBA’s IT Investment Governance Framework

2024
24-10
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

The Office of Inspector General (OIG) is issuing this management advisory to bring to your attention concerns regarding how the U.S. Small Business Administration (SBA) manages its Information Technology (IT) systems. OIG has reported on significant IT investment internal control issues over the...

SBA’s Restaurant Revitalization Fund Program Award Practices

2024
24-09
Audit
Small Business Administration OIG
Small Business Administration
Pandemic

This SBA OIG pandemic oversight report reviewed the U.S. Small Business Administration’s Restaurant Revitalization Fund application review and approval process. The objective of this review was to determine whether the controls SBA implemented to award RRF program funds in accordance with the Act...

Management Advisory of Fiscal Year 2022 Risk Assessment over SBA’s Charge Card Programs

2024
24-08
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

This management advisory assesses the U.S. Small Business Administration’s (SBA) internal controls over purchase and travel card expenditures for fiscal year 2022. In August 2019, OMB issued a revised circular requiring federal agencies to develop a charge card management plan, which is a risk...

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