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Source Id
341

SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary Market

2023
23-14
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

The U.S. Small Business Administration (SBA) is authorized under Section 7(a) of the Small Business Act to provide financial assistance to small businesses in the form of government guaranteed loans. The secondary market was established to provide greater liquidity to lenders, thereby, expanding the...

SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency

2023
23-13
Audit
Small Business Administration OIG
Small Business Administration

The Office of Inspector General (OIG) is issuing this management advisory to bring to U.S. Small Business Administration’s (SBA) attention concerns regarding the SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency. These issues require immediate attention and action by SBA to ensure...

SBA's Corrective Actions to Improve Oversight of the SCORE Association

2023
23-12
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

We inspected the U.S. Small Business Administration’s (SBA) corrective action(s) for 8 of our 11 recommendations from the Office of Inspector General (OIG) audit report Audit of SBA’s Oversight of the SCORE Association to determine whether SBA continues to practice corrective actions. A verification...

SBA’s Awards for Staffing Support for COVID-19 Economic Relief Loan Programs

2023
23-11
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

We reviewed the U.S. Small Business Administration’s (SBA) blanket purchase agreement with Highlight Technologies, LLC for loan support services.To meet the increased demand for Coronavirus Disease 2019 (COVID-19) loan program support services, SBA issued labor hour contracts, e.g. call orders...

SBA’s Administrative Process to Address Potentially Fraudulent Restaurant Revitalization Fund Awards

2023
23-10
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

We inspected the U.S. Small Business Administration’s (SBA) administrative process used to review potentially fraudulent Restaurant Revitalization Fund (RRF) applications and recover funds.Program officials designed the RRF application validation and approval processes using the Government...

COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape

2023
23-09
Disaster Recovery Report
Small Business Administration OIG
Small Business Administration
Pandemic

The U.S. Small Business Administration (SBA) Office of Inspector General (OIG) conducted this review to provide a comprehensive estimate of the potential fraud in the U.S. Small Business Administration’s (SBA) pandemic assistance loan programs. Over the course of the Coronavirus Disease 2019 (COVID...

Serious Concerns Regarding the Return of Paycheck Protection Program Funds

2023
23-08
Disaster Recovery Report
Small Business Administration OIG
Small Business Administration
Pandemic

The Office of Inspector General (OIG) is issuing this management advisory to bring to your attention concerns regarding the return of Paycheck Protection Program (PPP) funds. This issue requires immediate attention and action by the U.S. Small Business Administration (SBA) to ensure it has processes...

SBA OIG Spring 2023 - Semiannual Report to Congress

2023
Semiannual Report
Small Business Administration OIG
Small Business Administration

This report details the Office of Inspector General's Spring 2023 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• Other...

Independent Auditors’ Report on SBA’s Fiscal Year 2022 Compliance with the Payment Integrity Information Act of 2019

2023
23-07
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 Controls Over Cash Contributions and Gifts, Fiscal Years 2023 and 2022

2023
23-06
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

This report presents the results of our evaluation of the U.S. Small Business Administration’s (SBA) handling of cash contributions and gifts. The objective of the evaluation was to determine the adequacy of SBA controls over the solicitation, acceptance, holding, and use of cash contributions and...

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